Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of February 9, 2018, the company had a fleet of 39 drybulk vessels with an aggregate carrying capacity of 3,513,800 deadweight tons. Its fleet consisted of 14 Panamax class vessels, 9 Kamsarmax class vessels, 13 Post-Panamax class vessels, and 3 Capesize class vessels. Safe Bulkers, Inc. was founded in 2007 and is based in Monaco.
Industry, Sector and Symbol
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:SB
CUSIPN/A
Phone30 2111888400
Debt
Debt-to-Equity Ratio1.14
Current Ratio1.32
Quick Ratio1.32
Price-To-Earnings
Trailing P/E Ratio-23.56
Forward P/E Ratio17.14
P/E GrowthN/A
Sales & Book Value
Annual Sales$148.03 million
Price / Sales2.59
Cash Flow$0.5115 per share
Price / Cash7.37
Book Value$4.49 per share
Price / Book0.84
Profitability
EPS (Most Recent Fiscal Year)($0.16)
Net Income$-84,670,000.00
Net Margins8.77%
Return on Equity19.41%
Return on Assets8.92%
Miscellaneous
Employees797
Outstanding Shares101,540,000
Safe Bulkers (NYSE:SB) Frequently Asked Questions
What is Safe Bulkers' stock symbol?
Safe Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SB."
How were Safe Bulkers' earnings last quarter?
Safe Bulkers, Inc. (NYSE:SB) announced its quarterly earnings data on Tuesday, May, 29th. The shipping company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The shipping company earned $43.50 million during the quarter, compared to analyst estimates of $43.70 million. Safe Bulkers had a return on equity of 19.41% and a net margin of 8.77%. The company's revenue for the quarter was up 30.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.07) earnings per share. View Safe Bulkers' Earnings History.
When is Safe Bulkers' next earnings date?
What price target have analysts set for SB?
5 equities research analysts have issued twelve-month price targets for Safe Bulkers' stock. Their forecasts range from $2.50 to $5.50. On average, they expect Safe Bulkers' stock price to reach $3.50 in the next year. View Analyst Ratings for Safe Bulkers.
What are Wall Street analysts saying about Safe Bulkers stock?
Here are some recent quotes from research analysts about Safe Bulkers stock:
- 1. According to Zacks Investment Research, "SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the world's largest consumers of marine drybulk transportation services. " (6/12/2018)
- 2. Maxim Group analysts commented, "Safe Bulkers is one of the dry bulk industry’s leading operators, maintaining one of the lowest operational costs (about $3,800 per vessel/day) which we believe could lead to outsized earnings potential as the market strengthens further through 2019." (8/21/2017)
Who are some of Safe Bulkers' key competitors?
Some companies that are related to Safe Bulkers include Euronav (EURN), Pac BASIN SHIPP/ADR (PCFBY), SEASPAN Corp/SH SH (SSW), Frontline (FRO), Seacor (CKH), Scorpio Tankers (STNG), Star Bulk Carriers (SBLK), COSTAMARE Inc/SH (CMRE), Teekay (TK), DHT (DHT), Navigator (NVGS), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Gener8 Maritime (GNRT) and Diana Shipping (DSX).
Who are Safe Bulkers' key executives?
Safe Bulkers' management team includes the folowing people:
- Mr. Polys Hajioannou, Chairman & CEO (Age 51)
- Dr. Loukas Barmparis, Pres, Sec. & Director (Age 55)
- Konstantinos Adamopoulos, CFO & Director (Age 55)
- Mr. Ioannis Foteinos, COO & Director (Age 59)
Has Safe Bulkers been receiving favorable news coverage?
News articles about SB stock have been trending somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Safe Bulkers earned a news sentiment score of 0.24 on Accern's scale. They also assigned media coverage about the shipping company an impact score of 44.67 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are Safe Bulkers' major shareholders?
Safe Bulkers' stock is owned by a number of of institutional and retail investors. Top institutional investors include Evermore Global Advisors LLC (2.59%), BlackRock Inc. (2.24%), Boston Partners (1.14%), Cortina Asset Management LLC (0.95%), UBS Group AG (0.74%) and Millennium Management LLC (0.50%). Company insiders that own Safe Bulkers stock include Robert Kim Tyler and Robert Morrison. View Institutional Ownership Trends for Safe Bulkers.
Which institutional investors are selling Safe Bulkers stock?
SB stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, Cortina Asset Management LLC, Boston Partners and Phoenix Investment Adviser LLC. View Insider Buying and Selling for Safe Bulkers.
Which institutional investors are buying Safe Bulkers stock?
SB stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Navellier & Associates Inc, UBS Group AG, Cavalier Investments LLC, Element Capital Management LLC, A.R.T. Advisors LLC and BlackRock Inc.. Company insiders that have bought Safe Bulkers stock in the last two years include Robert Kim Tyler and Robert Morrison. View Insider Buying and Selling for Safe Bulkers.
How do I buy shares of Safe Bulkers?
Shares of SB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Safe Bulkers' stock price today?
One share of SB stock can currently be purchased for approximately $3.77.
How big of a company is Safe Bulkers?
Safe Bulkers has a market capitalization of $384.82 million and generates $148.03 million in revenue each year. The shipping company earns $-84,670,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis. Safe Bulkers employs 797 workers across the globe.
How can I contact Safe Bulkers?
Safe Bulkers' mailing address is 6 Avenue des Citronniers Apt. D11, Monaco O9, 98000. The shipping company can be reached via phone at 30 2111888400 or via email at [email protected]
MarketBeat Community Rating for Safe Bulkers (SB)
MarketBeat's community ratings are surveys of what our community members think about Safe Bulkers and other stocks. Vote "Outperform" if you believe SB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SB will underperform the S&P 500 over the long term. You may vote once every thirty days.
