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NYSE:SB

Safe Bulkers - SB Stock Forecast, Price & News

$2.82
-0.03 (-1.05%)
(As of 12/1/2022 11:09 AM ET)
Add
Compare
Today's Range
$2.81
$2.85
50-Day Range
$2.42
$3.13
52-Week Range
$2.35
$5.12
Volume
3,819 shs
Average Volume
875,485 shs
Market Capitalization
$343.02 million
P/E Ratio
1.76
Dividend Yield
7.12%
Price Target
$3.43

Safe Bulkers MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
21.0% Upside
$3.43 Price Target
Short Interest
Healthy
4.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.84
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-21.77%
From $1.24 to $0.97 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Transportation Sector

39th out of 124 stocks

Deep Sea Foreign Transportation Of Freight Industry

18th out of 29 stocks

SB stock logo

About Safe Bulkers (NYSE:SB) Stock

Safe Bulkers, Inc., together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 15 post- Panamax class vessels, and 6 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

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SB Stock News Headlines

Safe Bulkers, Inc. (SB) Q3 2022 Earnings Call Transcript
A Preview Of Safe Bulkers's Earnings
10 Small Cap Stocks That Are Too Cheap To Ignore
Safe Bulkers: Rough Seas Ahead But Trust The Captain
Safe Bulkers (SB) Gains As Market Dips: What You Should Know
Safe Bulkers Divests 2006-Built Kamsarmax Vessel For ~$16M
10 Penny Stocks With High Growth Potential
See More Headlines
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SB Company Calendar

Last Earnings
11/02/2021
Ex-Dividend for 12/15 Dividend
11/25/2022
Today
12/01/2022
Dividend Payable
12/15/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/08/2023

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Employees
9
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$3.43
High Stock Price Forecast
$4.00
Low Stock Price Forecast
$2.85
Forecasted Upside/Downside
+21.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$174.35 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$329.03 million
Cash Flow
$1.73 per share
Book Value
$6.14 per share

Miscellaneous

Free Float
N/A
Market Cap
$343.02 million
Optionable
Optionable
Beta
0.89

Key Executives

  • Mr. Polys Hajioannou (Age 55)
    Chairman & CEO
  • Dr. Loukas Barmparis (Age 59)
    Pres, Sec. & Director
  • Mr. Konstantinos Adamopoulos (Age 59)
    CFO, Treasurer & Director
  • Mr. Ioannis Foteinos (Age 63)
    COO & Director













SB Stock - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?

1 Wall Street 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 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 analysts have issued twelve-month price objectives for Safe Bulkers' stock. Their SB share price forecasts range from $2.85 to $4.00. On average, they expect the company's stock price to reach $3.43 in the next year. This suggests a possible upside of 20.2% from the stock's current price.
View analysts price targets for SB
or view top-rated stocks among Wall Street analysts.

How have SB shares performed in 2022?

Safe Bulkers' stock was trading at $3.77 at the beginning of 2022. Since then, SB shares have decreased by 24.4% and is now trading at $2.85.
View the best growth stocks for 2022 here
.

Are investors shorting Safe Bulkers?

Safe Bulkers saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 3,250,000 shares, an increase of 20.4% from the October 15th total of 2,700,000 shares. Based on an average daily volume of 942,800 shares, the short-interest ratio is presently 3.4 days. Approximately 4.5% of the shares of the company are sold short.
View Safe Bulkers' Short Interest
.

When is Safe Bulkers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 8th 2023.
View our SB earnings forecast
.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) released its quarterly earnings data on Tuesday, November, 2nd. The shipping company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.01. The shipping company had revenue of $91.02 million for the quarter, compared to analyst estimates of $85.79 million. Safe Bulkers had a net margin of 57.07% and a trailing twelve-month return on equity of 25.61%.

How often does Safe Bulkers pay dividends? What is the dividend yield for Safe Bulkers?

Safe Bulkers declared a quarterly dividend on Wednesday, November 9th. Investors of record on Monday, November 28th will be paid a dividend of $0.05 per share on Thursday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Friday, November 25th.
Read our dividend analysis for SB
.

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 7.12%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 12.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 20.62% 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 variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (3.18%), BlackRock Inc. (3.06%), State Street Corp (1.08%), Vanguard Group Inc. (0.61%), Los Angeles Capital Management LLC (0.43%) and Connor Clark & Lunn Investment Management Ltd. (0.37%).
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 $2.85.

How much money does Safe Bulkers make?

Safe Bulkers (NYSE:SB) has a market capitalization of $346.68 million and generates $329.03 million in revenue each year. The shipping company earns $174.35 million in net income (profit) each year or $1.60 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 302108957070, via email at safebulkers@capitallink.com, or via fax at 211-187-8500.

This page (NYSE:SB) was last updated on 12/1/2022 by MarketBeat.com Staff