NYSE:SB Safe Bulkers (SB) Stock Forecast, Price & News $3.16 -0.06 (-1.86%) (As of 05/31/2023 ET) Add Compare Share Share Today's Range$3.14▼$3.2350-Day Range$3.22▼$3.8452-Week Range$2.35▼$5.12Volume1.17 million shsAverage Volume799,584 shsMarket Capitalization$384.99 millionP/E Ratio2.55Dividend Yield6.32%Price Target$2.93 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Safe Bulkers MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside7.6% Downside$2.93 Price TargetShort InterestHealthy4.37% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-5.84Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth41.77%From $0.79 to $1.12 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.16 out of 5 starsTransportation Sector64th out of 123 stocksDeep Sea Foreign Transportation Of Freight Industry21st out of 30 stocks 1.0 Analyst's Opinion Consensus RatingSafe Bulkers has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $2.93, Safe Bulkers has a forecasted downside of 7.6% from its current price of $3.17.Amount of Analyst CoverageSafe Bulkers has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.37% of the float of Safe Bulkers has been sold short.Short Interest Ratio / Days to CoverSafe Bulkers has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Safe Bulkers has recently increased by 9.29%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipSafe Bulkers is a leading dividend payer. It pays a dividend yield of 5.99%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSafe Bulkers has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Safe Bulkers is 16.13%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Safe Bulkers will have a dividend payout ratio of 17.86% next year. This indicates that Safe Bulkers will be able to sustain or increase its dividend. Previous Next 1.6 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreSafe Bulkers has received a -17.60% net impact score from Upright. The largest negative impact of Safe Bulkers in category "GHG emissions" is driven by its "Heavy fuel oil ship freight transport services" product. See details.Environmental SustainabilityThe Environmental Impact score for Safe Bulkers is -5.84. Previous Next 1.5 News and Social Media Coverage News SentimentSafe Bulkers has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 1 news article for Safe Bulkers this week, compared to 2 articles on an average week.Search InterestOnly 11 people have searched for SB on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Safe Bulkers insiders have not sold or bought any company stock.Percentage Held by Insiders40.25% of the stock of Safe Bulkers is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 25.95% of the stock of Safe Bulkers is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings for Safe Bulkers are expected to grow by 41.77% in the coming year, from $0.79 to $1.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Safe Bulkers is 2.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.56.Price to Earnings Ratio vs. SectorThe P/E ratio of Safe Bulkers is 2.55, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.45.Price to Book Value per Share RatioSafe Bulkers has a P/B Ratio of 0.50. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Safe Bulkers (NYSE:SB) StockSafe Bulkers, Inc. provides international marine drybulk transportation services. The firm offers transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The company was founded on December 11, 2007 and is headquartered in Les Acanthes, Monaco.Read More Receive SB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Safe Bulkers and its competitors with MarketBeat's FREE daily newsletter. Email Address SB Stock News HeadlinesMay 30, 2023 | finance.yahoo.comIs Now The Time To Look At Buying Safe Bulkers, Inc. (NYSE:SB)?May 24, 2023 | seekingalpha.comSB.PD Safe Bulkers, Inc. PERP PFD SER DJune 1, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 24, 2023 | americanbankingnews.comSafe Bulkers, Inc. (NYSE:SB) Announces $0.05 Quarterly DividendMay 23, 2023 | msn.comSafe Bulkers unveils new 5M-share buyback programMay 23, 2023 | finance.yahoo.comSafe Bulkers, Inc. Announces a New Five Million Shares of Common Stock Repurchase ProgramMay 22, 2023 | msn.comSafe Bulkers: Sailing With Security Amidst The Stormy MarketMay 14, 2023 | finance.yahoo.comSafe Bulkers' (NYSE:SB) Dividend Will Be $0.05June 1, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 12, 2023 | msn.comJefferies Maintains Safe Bulkers (SB) Hold RecommendationMay 12, 2023 | msn.comSafe Bulkers (SB) Declares $0.05 DividendMay 11, 2023 | markets.businessinsider.comSafe Bulkers (SB) Receives a Hold from JefferiesMay 10, 2023 | finance.yahoo.comSafe Bulkers, Inc. Reports First Quarter 2023 Results and Declares Dividend on Common StockMay 9, 2023 | msn.comEarnings Preview: Safe BulkersMay 9, 2023 | americanbankingnews.comSafe Bulkers (SB) Set to Announce Earnings on WednesdayMay 5, 2023 | benzinga.comSafe Bulkers, Inc. Sets Date for the First Quarter 2023 Results, Conference Call and WebcastMay 5, 2023 | finance.yahoo.comSafe Bulkers, Inc. Sets Date for the First Quarter 2023 Results, Conference Call and WebcastApril 28, 2023 | americanbankingnews.comJefferies Financial Group Weighs in on Safe Bulkers, Inc.'s FY2023 Earnings (NYSE:SB)April 20, 2023 | msn.comUnusual Call Option Trade in Safe Bulkers (SB) Worth $65.00KApril 5, 2023 | americanbankingnews.comFY2023 EPS Estimates for Safe Bulkers, Inc. Decreased by Analyst (NYSE:SB)April 2, 2023 | americanbankingnews.comSafe Bulkers (NYSE:SB) Stock Price Passes Above 200-Day Moving Average of $3.04March 28, 2023 | seekingalpha.comSafe Bulkers Common And Preferred Stocks Should Satisfy Your NeedsMarch 26, 2023 | americanbankingnews.comSafe Bulkers (NYSE:SB) Rating Lowered to Hold at StockNews.comMarch 21, 2023 | wsj.comSafe Bulkers Inc. 8% Perp. Pfd. Series DMarch 21, 2023 | finance.yahoo.comThose who invested in Safe Bulkers (NYSE:SB) three years ago are up 250%March 17, 2023 | benzinga.comSafe Bulkers Stock (NYSE:SB), DividendsMarch 14, 2023 | finance.yahoo.comSafe Bulkers, Inc. Announces Sale of one Panamax Class Dry-bulk VesselSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive SB Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Safe Bulkers and its competitors with MarketBeat's FREE daily newsletter. Email Address SB Company Calendar Last Earnings11/02/2021Ex-Dividend for 3/17 Dividend2/28/2023Dividend Payable3/17/2023Ex-Dividend for 6/7 Dividend5/25/2023Today5/31/2023Dividend Payable6/07/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:SB CUSIPN/A CIK1434754 Webwww.safebulkers.com Phone377302111888400Fax211-187-8500Employees9Year FoundedN/APrice Target and Rating Average Stock Price Forecast$2.93 High Stock Price Forecast$3.00 Low Stock Price Forecast$2.85 Forecasted Upside/Downside-7.6%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$1.24 Trailing P/E Ratio2.55 Forward P/E Ratio4.01 P/E GrowthN/ANet Income$172.55 million Net Margins45.90% Pretax Margin45.90% Return on Equity20.07% Return on Assets12.19% Debt Debt-to-Equity Ratio0.51 Current Ratio2.10 Quick Ratio2.10 Sales & Book Value Annual Sales$349.72 million Price / Sales1.10 Cash Flow$1.71 per share Price / Cash Flow1.85 Book Value$6.34 per share Price / Book0.50Miscellaneous Outstanding Shares121,640,000Free Float72,680,000Market Cap$384.99 million OptionableOptionable Beta0.88 Key ExecutivesPolys HajioannouChairman & Chief Executive OfficerLoukas BarmparisPresident, Secretary & DirectorIoannis FoteinosChief Operating Officer & DirectorKonstantinos AdamopoulosChief Financial Officer & DirectorKey CompetitorsDiana ShippingNYSE:DSXEnetiNYSE:NETIArdmore ShippingNYSE:ASCOverseas Shipholding GroupNYSE:OSGPangaea Logistics SolutionsNASDAQ:PANLView All CompetitorsInstitutional OwnershipPutnam Investments LLCSold 44,254 shares on 5/22/2023Ownership: 0.079%JPMorgan Chase & Co.Bought 18,599 shares on 5/18/2023Ownership: 0.432%Geode Capital Management LLCBought 22,139 shares on 5/16/2023Ownership: 0.568%Squarepoint Ops LLCBought 37,633 shares on 5/16/2023Ownership: 0.047%Jane Street Group LLCSold 31,373 shares on 5/16/2023Ownership: 0.020%View All Institutional Transactions SB Stock - Frequently Asked Questions Should I buy or sell Safe Bulkers stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SB, but not buy additional shares or sell existing shares. View SB analyst ratings or view top-rated stocks. What is Safe Bulkers' stock price forecast for 2023? 1 Wall Street research analysts have issued 12-month price objectives for Safe Bulkers' stock. Their SB share price forecasts range from $2.85 to $3.00. On average, they predict the company's share price to reach $2.93 in the next twelve months. This suggests that the stock has a possible downside of 7.6%. View analysts price targets for SB or view top-rated stocks among Wall Street analysts. How have SB shares performed in 2023? Safe Bulkers' stock was trading at $2.91 at the beginning of 2023. Since then, SB stock has increased by 8.8% and is now trading at $3.1650. View the best growth stocks for 2023 here. When is Safe Bulkers' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our SB earnings forecast. How were Safe Bulkers' earnings last quarter? Safe Bulkers, Inc. (NYSE:SB) issued its earnings results on Tuesday, November, 2nd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The shipping company had revenue of $91.02 million for the quarter, compared to analysts' expectations of $85.79 million. Safe Bulkers had a trailing twelve-month return on equity of 20.07% and a net margin of 45.90%. How often does Safe Bulkers pay dividends? What is the dividend yield for Safe Bulkers? Safe Bulkers announced a quarterly dividend on Wednesday, May 10th. Shareholders of record on Friday, May 26th will be paid a dividend of $0.05 per share on Wednesday, June 7th. This represents a $0.20 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date is Thursday, May 25th. Read our dividend analysis for SB. What ETFs hold Safe Bulkers' stock? ETFs with the largest weight of Safe Bulkers (NYSE:SB) stock in their portfolio include Roundhill Acquirers Deep Value ETF (DEEP) and iShares US Small Cap Value Factor ETF (SVAL).SonicShares Global Shipping ETF (BOAT). Is Safe Bulkers a good dividend stock? Safe Bulkers (NYSE:SB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 5.99%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 17.86% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for SB. What other stocks do shareholders of Safe Bulkers own? Based on aggregate information from My MarketBeat watchlists, some companies that other Safe Bulkers investors own include Diana Shipping (DSX), Capital Product Partners (CPLP), AbbVie (ABBV), Advanced Micro Devices (AMD), Micron Technology (MU), Triton International (TRTN), Costamare (CMRE), Freeport-McMoRan (FCX), GasLog (GLOG) and Star Bulk Carriers (SBLK). What is Safe Bulkers' stock symbol? Safe Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SB." Who are Safe Bulkers' major shareholders? Safe Bulkers' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.13%), Renaissance Technologies LLC (2.58%), State Street Corp (1.06%), Acadian Asset Management LLC (1.03%), American Century Companies Inc. (0.67%) and Geode Capital Management LLC (0.57%). View institutional ownership trends. How do I buy shares of Safe Bulkers? Shares of SB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Safe Bulkers' stock price today? One share of SB stock can currently be purchased for approximately $3.17. How much money does Safe Bulkers make? Safe Bulkers (NYSE:SB) has a market capitalization of $384.99 million and generates $349.72 million in revenue each year. The shipping company earns $172.55 million in net income (profit) each year or $1.24 on an earnings per share basis. How can I contact Safe Bulkers? Safe Bulkers' mailing address is APT. D11 LES ACANTHES 6 AVENUE DES CITRONNIERS, MONACO O9, MC98000. The official website for the company is www.safebulkers.com. The shipping company can be reached via phone at 377302111888400, via email at safebulkers@capitallink.com, or via fax at 211-187-8500. This page (NYSE:SB) was last updated on 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Safe Bulkers, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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