Safe Bulkers - SB Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" SB shares.
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2 analysts have issued 12 month target prices for Safe Bulkers' stock. Their SB share price forecasts range from $5.00 to $6.50. On average, they expect the company's share price to reach $5.75 in the next year. This suggests a possible upside of 54.6% from the stock's current price.
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Safe Bulkers' stock was trading at $3.77 at the start of the year. Since then, SB shares have decreased by 1.3% and is now trading at $3.72.
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Safe Bulkers saw a increase in short interest in June. As of June 30th, there was short interest totaling 3,420,000 shares, an increase of 111.1% from the June 15th total of 1,620,000 shares. Based on an average daily volume of 1,360,000 shares, the short-interest ratio is currently 2.5 days. Approximately 4.7% of the company's stock are sold short.
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Safe Bulkers is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SB earnings forecast.

Safe Bulkers, Inc. (NYSE:SB) issued its quarterly earnings results on Wednesday, May, 25th. The shipping company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.01. The shipping company earned $73.41 million during the quarter, compared to analysts' expectations of $73.59 million. Safe Bulkers had a trailing twelve-month return on equity of 27.13% and a net margin of 58.51%. During the same period last year, the business earned $0.14 earnings per share.

Safe Bulkers announced a quarterly dividend on Wednesday, July 27th. Stockholders of record on Monday, August 22nd will be paid a dividend of $0.05 per share on Thursday, September 1st. This represents a $0.20 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend is Friday, August 19th.
Read our dividend analysis for SB.

Safe Bulkers (NYSE:SB) pays an annual dividend of $0.20 per share and currently has a dividend yield of 5.42%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 17.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SB.

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).

Safe Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SB."

Safe Bulkers' stock is owned by a number of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.52%), Harvey Capital Management Inc. (0.51%), Connor Clark & Lunn Investment Management Ltd. (0.37%), Walleye Capital LLC (0.24%), Exchange Traded Concepts LLC (0.09%) and Yorktown Management & Research Co Inc (0.08%).
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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.
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One share of SB stock can currently be purchased for approximately $3.72.

Safe Bulkers (NYSE:SB) has a market capitalization of $452.50 million and generates $329.03 million in revenue each year. The shipping company earns $174.35 million in net income (profit) each year or $1.63 on an earnings per share basis.

Safe Bulkers employs 9 workers across the globe.

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 302108957070, via email at safebulkers@capitallink.com, or via fax at 211-187-8500.