About Safe Bulkers (NYSE:SB)

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 Ratio1.19%
Current Ratio2.14%
Quick Ratio2.03%
Price-To-Earnings
Trailing P/E Ratio-19.63
Forward P/E Ratio17.44
P/E GrowthN/A
Sales & Book Value
Annual Sales$148.03 million
Price / Sales2.15
Cash Flow$0.5097 per share
Price / Cash6.16
Book Value$4.49 per share
Price / Book0.70
Profitability
EPS (Most Recent Fiscal Year)($0.16)
Net Income$-84,670,000.00
Net Margins3.26%
Return on Equity16.52%
Return on Assets7.76%
Miscellaneous
Employees820
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 (NYSE:SB) announced its quarterly earnings data on Wednesday, February, 14th. The shipping company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The shipping company earned $44 million during the quarter, compared to analyst estimates of $38.12 million. Safe Bulkers had a net margin of 3.26% and a return on equity of 16.52%. The company's revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm posted ($0.09) EPS. View Safe Bulkers' Earnings History.
When is Safe Bulkers' next earnings date?
What price target have analysts set for SB?
5 brokerages have issued 12 month price targets for Safe Bulkers' stock. Their predictions 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. " (1/25/2018)
- 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 Navigator (NVGS), Genco Shipping & Trading (GNK), Scorpio Bulkers (SALT), Double Hull Tankers (DHT), General Maritime (GNRT), Dorian LPG (LPG), Capital Product Partners (CPLP), DryShips (DRYS), Diana Shipping (DSX), Eagle Bulk Shipping (EGLE), Tsakos Energy Navigation (TNP), Navios Maritime Partners (NMM), Overseas Shipholding Group (OSG), Ardmore Shipping (ASC), StealthGas (GASS), Pangaea Logistics Solns (PANL), Danaos (DAC) and Navios Maritime Acquisition (NNA).
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 headlines about SB stock have been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Safe Bulkers earned a daily sentiment score of 0.20 on Accern's scale. They also gave news headlines about the shipping company an impact score of 46.82 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 $3.14.
How big of a company is Safe Bulkers?
Safe Bulkers has a market capitalization of $321.87 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 820 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.
Safe Bulkers (NYSE:SB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for Safe Bulkers in the last 12 months. Their average twelve-month price target is $3.50, suggesting that the stock has a possible upside of 11.46%. The high price target for SB is $5.50 and the low price target for SB is $2.50. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
Consensus Rating: | Hold | Hold | Hold | Hold |
Consensus Rating Score: | 2.00 | 2.00 | 2.29 | 2.43 |
Ratings Breakdown: | 1 Sell Rating(s) 3 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s) | 1 Sell Rating(s) 3 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s) | 1 Sell Rating(s) 3 Hold Rating(s) 3 Buy Rating(s) 0 Strong Buy Rating(s) | 0 Sell Rating(s) 4 Hold Rating(s) 3 Buy Rating(s) 0 Strong Buy Rating(s) |
Consensus Price Target: | $3.50 | $3.60 | $3.10 | $3.1250 |
Price Target Upside: | 11.46% upside | 1.10% downside | 3.13% downside | 5.02% downside |
Safe Bulkers (NYSE:SB) Consensus Price Target History

Safe Bulkers (NYSE:SB) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Safe Bulkers (NYSE:SB) Dividend Information
Safe Bulkers pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. SB's most recent quarterly dividend payment was Friday, August 28. Safe Bulkers pays out 0.00% of its earnings out as a dividend.
Most Recent Dividend: | 8/28/2015 |
Dividend Yield: | 0.00% |
Dividend Growth: | 0.00% (3 Year Average) |
Payout Ratio: | 0.00% (Trailing 12 Months of Earnings) 0.00% (Based on This Year's Estimates) 0.00% (Based on Next Year's Estimates)
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Safe Bulkers (NYSE:SB) Dividend History by Quarter
Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
---|
7/31/2015 | quarterly | $0.01 | 1.16% | 8/14/2015 | 8/18/2015 | 8/28/2015 |
6/9/2015 | quarterly | $0.01 | 1.24% | 6/17/2015 | 6/19/2015 | 6/26/2015 |
2/27/2015 | quarterly | $0.02 | 2.11% | 3/6/2015 | 3/10/2015 | 3/17/2015 |
11/5/2014 | quarterly | $0.04 | 3.33% | 11/19/2014 | 11/21/2014 | 12/5/2014 |
7/29/2014 | quarterly | $0.06 | 3.25% | 8/15/2014 | 8/19/2014 | 8/29/2014 |
5/29/2014 | quarterly | $0.06 | 2.98% | 6/6/2014 | 6/10/2014 | 6/17/2014 |
2/26/2014 | quarterly | $0.06 | 2.31% | 3/6/2014 | 3/10/2014 | 3/17/2014 |
11/5/2013 | quarterly | $0.06 | 2.84% | 11/20/2013 | 11/22/2013 | 12/6/2013 |
8/21/2013 | quarterly | $0.05 | 3.21% | 8/29/2013 | 9/3/2013 | 9/13/2013 |
5/15/2013 | quarterly | $0.05 | 3.82% | 5/22/2013 | 5/27/2013 | 6/7/2013 |
2/20/2013 | quarterly | $0.05 | 5.36% | 2/28/2013 | 3/4/2013 | 3/8/2013 |
(Data available from 1/1/2013 forward)
Safe Bulkers (NYSE SB) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 22.40%
Safe Bulkers (NYSE SB) Insider Trading History
Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
---|
2/16/2018 | Robert Kim Tyler | Director | Buy | 900 | $0.07 | $63.00 | | |
2/15/2018 | Robert Morrison | Insider | Buy | 7,000 | $0.08 | $560.00 | | |
2/13/2018 | Robert Morrison | Insider | Sell | 9,000 | $0.06 | $540.00 | | |
10/30/2017 | Robert Morrison | Insider | Sell | 17,000 | $0.05 | $850.00 | | |
10/25/2017 | Robert Morrison | Insider | Sell | 100,000 | $0.04 | $4,000.00 | | |
(Data available from 1/1/2013 forward)
Safe Bulkers (NYSE SB) News Headlines
Source: |
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Date | Headline |
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 | Safe Bulkers Series D Cumulative Redeemable Perpetual Preferred Shares About To Put More Money In Your Pocket www.nasdaq.com - April 18 at 4:47 PM |
 | Safe Bulkers (SB) Price Target Cut to $3.50 by Analysts at Morgan Stanley www.americanbankingnews.com - April 17 at 11:01 AM |
 | Safe Bulkers (SB) Lowered to Sell at Zacks Investment Research www.americanbankingnews.com - April 16 at 2:58 PM |
 | Safe Bulkers (SB) Stock Rating Lowered by BidaskClub www.americanbankingnews.com - April 16 at 1:54 PM |
 | Safe Bulkers (SB) Stock Rating Lowered by TheStreet www.americanbankingnews.com - April 12 at 10:07 AM |
 | Safe Bulkers (SB) Expected to Announce Quarterly Sales of $41.10 Million www.americanbankingnews.com - April 9 at 4:04 AM |
 | Zacks: Brokerages Expect Safe Bulkers (SB) to Post $0.02 EPS www.americanbankingnews.com - April 7 at 5:16 AM |
 | Critical Contrast: Overseas Shipholding Group (OSG) versus Safe Bulkers (SB) www.americanbankingnews.com - April 6 at 9:22 PM |
 | Safe Bulkers (SB) Cut to Strong Sell at ValuEngine www.americanbankingnews.com - April 5 at 1:11 PM |
 | Safe Bulkers (SB) Upgraded by Zacks Investment Research to Hold www.americanbankingnews.com - April 4 at 10:25 PM |
 | Citigroup Boosts Safe Bulkers (SB) Price Target to $2.50 www.americanbankingnews.com - April 1 at 11:58 PM |
 | Edited Transcript of SB earnings conference call or presentation 15-Feb-18 1:30pm GMT finance.yahoo.com - April 1 at 9:30 AM |
 | Safe Bulkers (SB) Receives Consensus Rating of "Hold" from Analysts www.americanbankingnews.com - March 29 at 1:34 AM |
 | Contrasting Safe Bulkers (SB) and Hertz Global (HRI) www.americanbankingnews.com - March 24 at 9:08 PM |
 | Brokerages Expect Safe Bulkers, Inc. (SB) Will Post Quarterly Sales of $41.10 Million www.americanbankingnews.com - March 23 at 5:50 AM |
 | Brokerages Anticipate Safe Bulkers, Inc. (SB) to Announce $0.02 EPS www.americanbankingnews.com - March 21 at 10:36 AM |
 | Safe Bulkers, Inc. Announces Participation at the 11th DNB Oil, Offshore and Shipping Conference and 12th Annual ... - GlobeNewswire (press release) globenewswire.com - March 8 at 9:45 AM |
 | Safe Bulkers, Inc. Announces Participation at the 11th DNB Oil, Offshore and Shipping Conference and 12th Annual Capital Link International Shipping & Offshore Forum and Deutsche Banks’s 2018 Shipping Summit finance.yahoo.com - March 7 at 9:31 AM |
 | Safe Bulkers, Inc. (SB) Expected to Announce Quarterly Sales of $41.10 Million www.americanbankingnews.com - March 6 at 10:28 AM |
 | Safe Bulkers, Inc. Announces Filing of 2017 Annual Report on Form 20-F - GlobeNewswire (press release) globenewswire.com - March 5 at 5:04 PM |
 | Reminder - Dry Bulk & Container Sector Panel Discussions With Major Company Executives - GlobeNewswire (press release) globenewswire.com - March 5 at 5:04 PM |
 | Safe Bulkers, Inc. Announces Filing of 2017 Annual Report on Form ... - GlobeNewswire (press release) globenewswire.com - March 5 at 5:04 PM |
 | Safe Bulkers, Inc. Announces Filing of 2017 Annual Report on Form 20-F - Nasdaq www.nasdaq.com - March 5 at 9:36 AM |
 | Safe Bulkers, Inc. Announces Filing of 2017 Annual Report on Form 20-F finance.yahoo.com - March 5 at 9:36 AM |
 | Zacks: Brokerages Anticipate Safe Bulkers, Inc. (SB) Will Announce Earnings of $0.02 Per Share www.americanbankingnews.com - March 4 at 3:14 AM |
 | Safe Bulkers, Inc. (SB) Given Average Recommendation of "Hold" by Brokerages www.americanbankingnews.com - March 4 at 1:24 AM |
 | Cortina Asset Management LLC Purchases 501,958 Shares of Safe Bulkers, Inc. (SB) www.americanbankingnews.com - March 1 at 11:53 AM |
 | Safe Bulkers Announces Completion of Redemption of Series B Preferred Shares finance.yahoo.com - February 20 at 4:56 PM |
 | Safe Bulkers, Inc. (SB) Forecasted to Earn Q1 2018 Earnings of $0.03 Per Share www.americanbankingnews.com - February 19 at 1:44 AM |
 | Q1 2018 EPS Estimates for Safe Bulkers, Inc. Raised by Jefferies Group (SB) www.americanbankingnews.com - February 19 at 1:44 AM |
 | Safe Bulkers, Inc. (SB) Expected to Announce Quarterly Sales of $38.90 Million www.americanbankingnews.com - February 17 at 6:08 AM |
 | Safe Bulkers (SB) PT Set at $3.00 by Stifel Nicolaus www.americanbankingnews.com - February 16 at 1:32 PM |
 | Q3 2018 Earnings Estimate for Safe Bulkers, Inc. Issued By Jefferies Group (SB) www.americanbankingnews.com - February 16 at 10:16 AM |
 | Safe Bulkers (SB) Releases Earnings Results, Beats Expectations By $0.03 EPS www.americanbankingnews.com - February 15 at 11:52 PM |
 | Safe Bulkers (SB) Price Target Raised to $5.50 at Maxim Group www.americanbankingnews.com - February 15 at 1:43 PM |
 | Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2017 Results - GlobeNewswire (press release) globenewswire.com - February 15 at 8:42 AM |
 | Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2017 Results finance.yahoo.com - February 14 at 4:50 PM |
 | Safe Bulkers beats Street 4Q forecasts finance.yahoo.com - February 14 at 4:50 PM |
 | Safe Bulkers (SB) to Release Quarterly Earnings on Wednesday www.americanbankingnews.com - February 14 at 2:40 AM |
 | Safe Bulkers (SB) Rating Lowered to Equal Weight at Morgan Stanley www.americanbankingnews.com - February 12 at 9:34 PM |
 | Safe Bulkers, Inc. (SB) Receives Average Rating of "Hold" from Brokerages www.americanbankingnews.com - February 7 at 1:30 AM |
 | Safe Bulkers, Inc. Sets Date for Fourth Quarter 2017 Results, Conference Call and Webcast finance.yahoo.com - February 5 at 4:21 PM |
 | $39.19 Million in Sales Expected for Safe Bulkers, Inc. (SB) This Quarter www.americanbankingnews.com - January 31 at 4:46 AM |
 | Jefferies Group Comments on Safe Bulkers, Inc.'s Q1 2018 Earnings (SB) www.americanbankingnews.com - January 29 at 2:04 AM |
 | Safe Bulkers (SB) Upgraded to Buy at Zacks Investment Research www.americanbankingnews.com - January 25 at 10:10 PM |
 | Safe Bulkers Issues Notice of Redemption of Series B Preferred Shares - GlobeNewswire (press release) globenewswire.com - January 20 at 7:25 AM |
 | CEOs of Safe Bulkers, Seanergy Maritime & Star Bulk Carriers to ... - Nasdaq www.nasdaq.com - January 20 at 7:25 AM |
 | Safe Bulkers Issues Notice of Redemption of Series B Preferred Shares finance.yahoo.com - January 20 at 7:25 AM |
 | Safe Bulkers Series B Cumulative Redeemable Perpetual Goes Ex-Dividend Soon www.nasdaq.com - January 18 at 3:25 PM |
 | Morning Technical Insight on These Shipping Stocks -- Safe Bulkers, Ship Finance, Scorpio Tankers, and Teekay - PR Newswire (press release) www.prnewswire.com - January 17 at 3:24 PM |
Safe Bulkers (NYSE:SB) SEC Filings
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Safe Bulkers (NYSE:SB) Income Statement, Balance Sheet and Cash Flow Statement
Safe Bulkers (NYSE SB) Stock Chart for Friday, April, 20, 2018
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