Safe Bulkers (SB) Stock Price, News & Analysis

Company Overview

Safe Bulkers Inc. (NYSE: SB) is a global provider of seaborne drybulk transportation services, specializing in the carriage of major commodities such as iron ore, coal, grain, fertilizers, bauxite, and phosphate rock. Incorporated in 2008 as a spin-off from Excel Maritime Carriers Ltd., the company has built a modern fleet of Handysize, Supramax, Panamax and Capesize vessels designed to meet a broad range of charterer requirements. Safe Bulkers aims to offer reliable freight services under both spot and time charter contracts, leveraging its fleet flexibility to optimize utilization and deliver value to customers worldwide.

Headquartered in Monaco with commercial offices in Athens, Safe Bulkers operates across the Atlantic, Pacific and Indian Ocean trading routes. Its vessels call at major loading and discharge ports in North and South America, Europe, Asia and Australia, serving utilities, steel mills, grain traders and other bulk commodity consumers. The company’s technical and administrative operations are overseen by Safe Bulkers Management Corp., which provides crewing, maintenance and compliance support to ensure safe and efficient vessel performance.

Through a combination of multi-year time charters and spot voyages, Safe Bulkers balances revenue stability with exposure to market upside. The company continues to modernize its fleet, focusing on fuel-efficient designs and regulatory compliance initiatives, including measures to reduce emissions in line with International Maritime Organization standards. Safe Bulkers also maintains relationships with leading shipyards, financiers and classification societies to support its growth and operational objectives.

Driven by a leadership team with deep maritime experience, Safe Bulkers is chaired by shipping veteran George Procopiou, whose career spans several decades in global tonnage management. The company’s executive management, led by Chief Executive Officer Panayiotis Tsagris, brings expertise in commercial chartering, technical operations and strategic planning. Together, they oversee Safe Bulkers’ commitment to safety, environmental stewardship and long-term value creation in the drybulk shipping sector.

Key Stats

• Today's Range: $4.03 to $4.14
• 50-Day Range: $3.40 to $4.10
• 52-Week Range: $3.02 to $5.80
• Volume: 560,306 shs
• Average Volume: 569,972 shs
• Market Capitalization: $431.73 million
• P/E Ratio: 6.12
• Dividend Yield: 4.88%
• Price Target: $4.47
• Consensus Rating: Buy

Safe Bulkers Stock Analysis - MarketRank™

Safe Bulkers scored higher than 60% of companies evaluated by MarketBeat, and ranked 67th out of 126 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Safe Bulkers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Safe Bulkers has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -6.45%

Earnings Growth

Earnings for Safe Bulkers are expected to decrease by -6.45% in the coming year, from $0.62 to $0.58 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Safe Bulkers is 6.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.90.

Price to Earnings Ratio vs. Sector

The P/E ratio of Safe Bulkers is 6.12, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 13.25.

Price to Book Value per Share Ratio

Safe Bulkers has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.68% of the float of Safe Bulkers has been sold short.

Short Interest Ratio / Days to Cover

Safe Bulkers has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Safe Bulkers has recently decreased by 24.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Safe Bulkers is a leading dividend payer. It pays a dividend yield of 4.94%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Safe Bulkers does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Safe Bulkers is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Safe Bulkers will have a dividend payout ratio of 34.48% next year. This indicates that Safe Bulkers will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.6 / 5
• Environmental Score: -5.84

Percentage of Shares Shorted

2.68% of the float of Safe Bulkers has been sold short.

Short Interest Ratio / Days to Cover

Safe Bulkers has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Safe Bulkers has recently decreased by 24.87%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Safe Bulkers insiders have not sold or bought any company stock.

Percentage Held by Insiders

40.25% 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 Institutions

Only 21.69% of the stock of Safe Bulkers is held by institutions.

SB Stock Analysis - Frequently Asked Questions

How have SB shares performed this year?

Safe Bulkers' stock was trading at $3.57 on January 1st, 2025. Since then, SB shares have increased by 14.8% and is now trading at $4.10.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc (NYSE:SB) announced its earnings results on Monday, May, 19th. The shipping company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The shipping company earned $64.35 million during the quarter, compared to analyst estimates of $57.92 million. Safe Bulkers had a net margin of 27.32% and a trailing twelve-month return on equity of 7.93%.
Read the conference call transcript.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Safe Bulkers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Safe Bulkers investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), CrowdStrike (CRWD), UnitedHealth Group (UNH) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 5/19/2025
• Record date for 6/20 Dividend: 6/06/2025
• Ex-Dividend for 6/20 Dividend: 6/06/2025
• Dividend Payable: 6/20/2025
• Today: 7/12/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: TRANS - SHIP
• Sub-Industry: Transportation
• Current Symbol: NYSE:SB
• CIK: 1434754
• Web: www.safebulkers.com
• Phone: 377302111888400
• Fax: 211-187-8500
• Employees: 920
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Safe Bulkers: $4.47
• High Price Target: $5.00
• Low Price Target: $4.20
• Potential Upside/Downside: +8.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.67
• Trailing P/E Ratio: 6.12
• Forward P/E Ratio: 6.61
• P/E Growth: N/A
• Net Income: $97.38 million
• Net Margins: 27.32%
• Pretax Margin: 27.32%
• Return on Equity: 7.93%
• Return on Assets: 4.77%

Debt

• Debt-to-Equity Ratio: 0.56
• Current Ratio: 1.74
• Quick Ratio: 1.74

Sales & Book Value

• Annual Sales: $307.63 million
• Price / Sales: 1.40
• Cash Flow: $1.35 per share
• Price / Cash Flow: 3.03
• Book Value: $7.79 per share
• Price / Book: 0.53

Miscellaneous

• Outstanding Shares: 105,300,000
• Free Float: 62,917,000
• Market Cap: $431.73 million
• Optionable: Optionable
• Beta: 1.17