Safe Bulkers, Inc. is a holding company. The Company's principal business is the acquisition, ownership and operation of drybulk vessels. The Company's vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world. As of February 17, 2017 the Company's fleet included 38 vessels, of which 14 are Panamax class vessels, nine are Kamsarmax class vessels, 12 are Post-Panamax class vessels and three are Capesize class vessels, with an aggregate carrying capacity of 3,421,800 deadweight tonnage (dwt). The Company's fleet of Post-Panamax vessels includes Marina, Xenia, Sophia, Eleni, Martine, Andreas K, Panayiota K, Venus Heritage, Venus History, Venus Horizon and Troodos Sun. Its fleet of Capesize vessels includes Kanaris, Pelopidas and Lake Despina.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Deep Sea Freight
- Sub-Industry: N/A
- Symbol: NYSE:SB
- CUSIP: N/A
- Web: www.safebulkers.com
Capitalization:- Market Cap: $306.58 million
- Outstanding Shares: 101,363,000
Average Prices:- 50 Day Moving Avg: $3.01
- 200 Day Moving Avg: $2.40
- 52 Week Range: $1.09 - $3.65
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 21.92
- P/E Growth: -1.08
Sales & Book Value:- Annual Revenue: $127.17 million
- Price / Sales: 2.27
- Book Value: $5.35 per share
- Price / Book: 0.53
Profitability:- EBIDTA: $59.75 million
- Net Margins: -26.74%
- Return on Equity: -3.34%
- Return on Assets: -1.61%
Debt:- Debt-to-Equity Ratio: 1.01%
- Current Ratio: 1.52%
- Quick Ratio: 1.52%
Misc:- Average Volume: 633,870 shs.
- Beta: 2.34
Frequently Asked Questions for Safe Bulkers (NYSE:SB)
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 earnings results on Wednesday, July, 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.05) by $0.02. The company had revenue of $35.01 million for the quarter, compared to analyst estimates of $36.81 million. Safe Bulkers had a negative return on equity of 3.34% and a negative net margin of 26.74%. Safe Bulkers's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. View Safe Bulkers' Earnings History.
When will Safe Bulkers make its next earnings announcement?
Where is Safe Bulkers' stock going? Where will Safe Bulkers' stock price be in 2017?
7 brokerages have issued 12 month price targets for Safe Bulkers' shares. Their forecasts range from $2.25 to $5.00. On average, they expect Safe Bulkers' share price to reach $3.19 in the next year. View Analyst Ratings for Safe Bulkers.
What are 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. " (9/20/2017)
- 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)
- 3. Stifel Nicolaus analysts commented, "While we believe it is a little early for lasting dry bulk recovery, shrinking supply and better than expected demand make the possibility of a 2018 recovery somewhat more feasible. Safe Bulkers operates an extremely high quality fleet which is significant levered to a potential recovery with the balance sheet and contracted cash flow base to offset the risk that it may take a protracted time for a recovery to occur. As a result, we believe the shares are appropriately valued and initiate coverage with a Hold rating and $1.50 target price based on the shares trading near our NAV estimate of $0.35 per share." (1/20/2017)
Who are some of Safe Bulkers' key competitors?
Some companies that are related to Safe Bulkers include International Seaways (INSW), Scorpio Bulkers (SALT), Capital Product Partners L.P. (CPLP), Diana Shipping inc. (DSX), Tsakos Energy Navigation Ltd (TNP), Navios Maritime Partners LP (NMM), Ardmore Shipping Corporation (ASC), DryShips (DRYS), Hornbeck Offshore Services (HOS), Danaos Corporation (DAC), StealthGas (GASS), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA), Diana Containerships (DCIX), Baltic Trading Ltd (BALT) and Hellenic Carriers Limited (HCL).
Who are Safe Bulkers' key executives?
Safe Bulkers' management team includes the folowing people:
- Polys Hajioannou, Chairman of the Board, Chief Executive Officer
- Loukas Barmparis, President, Secretary, Director
- Konstantinos Adamopoulos, Chief Financial Officer, Director
- Ioannis Foteinos, Chief Operating Officer, Director
- Christos Megalou, Director
- Frank V. Sica, Independent Director
- Ole Wikborg, Independent Director
Who owns Safe Bulkers stock?
Safe Bulkers' stock is owned by many different of retail and institutional investors. Top institutional investors include Evermore Global Advisors LLC (5.32%), Boston Partners (1.83%), Phoenix Investment Adviser LLC (0.57%), State Street Corp (0.47%), California Public Employees Retirement System (0.45%) and Northern Trust Corp (0.41%). View Institutional Ownership Trends for Safe Bulkers.
Who sold Safe Bulkers stock? Who is selling Safe Bulkers stock?
Safe Bulkers' stock was sold by a variety of institutional investors in the last quarter, including Virtu KCG Holdings LLC, Goldman Sachs Group Inc. and Berson & Corrado Investment Advisors LLC. View Insider Buying and Selling for Safe Bulkers.
Who bought Safe Bulkers stock? Who is buying Safe Bulkers stock?
Safe Bulkers' stock was purchased by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, State Street Corp, Northern Trust Corp, Edmond DE Rothschild Holding S.A., Bank of New York Mellon Corp, TIAA CREF Investment Management LLC, Vanguard Group Inc. and Teachers Advisors LLC. View Insider Buying and Selling for Safe Bulkers.
How do I buy Safe Bulkers stock?
Shares of Safe Bulkers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Safe Bulkers' stock price today?
One share of Safe Bulkers stock can currently be purchased for approximately $2.85.
MarketBeat Community Rating for Safe Bulkers (NYSE SB)MarketBeat's community ratings are surveys of what our community members think about Safe Bulkers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Safe Bulkers (NYSE:SB) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.43) |
| Consensus Price Target: | $3.19 (11.84% upside) |
Analysts' Ratings History for Safe Bulkers (NYSE:SB)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/21/2017 | Maxim Group | Initiated Coverage | Buy | $5.00 | Medium |  |
| 7/19/2017 | Stifel Nicolaus | Reiterated Rating | Hold | $2.25 | Low | |
| 7/4/2017 | Jefferies Group LLC | Reiterated Rating | Hold | $2.50 | Medium | |
| 3/28/2017 | Morgan Stanley | Upgrade | Equal Weight -> Overweight | $1.30 -> $3.00 | High | |
| 2/24/2017 | Evercore ISI | Upgrade | Sell -> Hold | | N/A | |
| 1/27/2017 | DNB Markets | Upgrade | Hold -> Buy | | N/A | |
| 10/31/2016 | Clarkson Capital | Reiterated Rating | Neutral | | N/A | |
| 8/2/2016 | Seaport Global Securities | Initiated Coverage | Neutral | $1.00 | N/A | |
| 7/29/2016 | Credit Suisse Group | Downgrade | Neutral -> Underperform | $1.00 | N/A | |
(Data available from 9/26/2015 forward)
Earnings History for Safe Bulkers (NYSE:SB)Earnings History by Quarter for Safe Bulkers (NYSE SB)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/30/2017 | | ($0.05) | | | | | N/A | |
| 7/26/2017 | 6/30/2017 | ($0.05) | ($0.07) | $36.81 million | $35.01 million | View | N/A | |
| 5/18/2017 | 3/31/2017 | ($0.09) | ($0.07) | $27.85 million | $33.30 million | View | N/A | |
| 2/23/2017 | Q416 | ($0.10) | ($0.09) | $31.20 million | $32.94 million | View | N/A | |
| 10/31/2016 | Q316 | ($0.15) | ($0.15) | $26.98 million | $27.10 million | View | Listen | |
| 7/28/2016 | Q216 | ($0.16) | ($0.15) | $29.20 million | $26.20 million | View | N/A | |
| 6/2/2016 | Q116 | ($0.17) | ($0.21) | $25.63 million | $24.70 million | View | N/A | |
| 2/10/2016 | Q415 | ($0.10) | ($0.13) | $35.99 million | $29.90 million | View | Listen | |
| 11/9/2015 | Q315 | ($0.07) | ($0.12) | $34.05 million | $33.50 million | View | N/A | |
| 7/30/2015 | Q215 | ($0.09) | ($0.09) | $31.38 million | $31.80 million | View | Listen | |
| 6/8/2015 | Q115 | ($0.02) | ($0.10) | $37.54 million | $32.10 million | View | N/A | |
| 2/26/2015 | Q414 | $0.02 | $0.01 | $35.77 million | $39.10 million | View | N/A | |
| 11/5/2014 | Q314 | $0.02 | ($0.03) | $38.40 million | $36.52 million | View | N/A | |
| 7/29/2014 | Q214 | $0.09 | $0.02 | $38.31 million | $37.20 million | View | N/A | |
| 5/28/2014 | Q114 | $0.11 | $0.10 | $37.86 million | $41.30 million | View | N/A | |
| 2/26/2014 | Q413 | $0.18 | $0.38 | $42.10 million | $59.20 million | View | N/A | |
| 11/4/2013 | Q313 | $0.14 | $0.14 | $38.16 million | $41.90 million | View | N/A | |
| 8/21/2013 | Q2 2013 | $0.19 | $0.19 | $40.41 million | $41.40 million | View | N/A | |
| 5/15/2013 | Q1 2013 | $0.20 | $0.21 | $40.14 million | $44.10 million | View | N/A | |
| 2/20/2013 | Q4 2012 | $0.30 | $0.27 | $46.09 million | $46.40 million | View | N/A | |
| 11/14/2012 | Q312 | $0.29 | $0.30 | $44.95 million | $46.80 million | View | N/A | |
| 8/6/2012 | | $0.30 | $0.31 | | | View | N/A | |
| 5/8/2012 | | $0.29 | $0.32 | | | View | N/A | |
| 2/14/2012 | | $0.36 | $0.33 | | | View | N/A | |
| 10/17/2011 | | $0.34 | $0.37 | | | View | N/A | |
| 7/21/2011 | | $0.35 | $0.27 | | | View | N/A | |
| 5/3/2011 | | $0.38 | $0.41 | | | View | N/A | |
| 2/9/2011 | | $0.39 | $0.47 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Safe Bulkers (NYSE:SB)2017 EPS Consensus Estimate: ($0.33)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | ($0.13) | ($0.09) | ($0.11) |
| Q2 2017 | 2 | ($0.11) | ($0.05) | ($0.08) |
| Q3 2017 | 2 | ($0.09) | ($0.05) | ($0.07) |
| Q4 2017 | 2 | ($0.08) | ($0.06) | ($0.07) |
(Data provided by Zacks Investment Research)
Current Dividend Information for Safe Bulkers (NYSE:SB)| 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)
|
| Track Record: | 3 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Safe Bulkers (NYSE SB)| 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)
Insider Trading History for Safe Bulkers (NYSE:SB)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Safe Bulkers (NYSE:SB)
Latest Headlines for Safe Bulkers (NYSE:SB)
| Source: |
|
| Date | Headline |
|---|
 | Safe Bulkers, Inc (SB) Expected to Announce Quarterly Sales of $34.37 Million
www.americanbankingnews.com - September 26 at 5:30 AM |
| Contrasting Safe Bulkers (SB) and Its Peers
www.americanbankingnews.com - September 25 at 10:28 AM |
| Reviewing Safe Bulkers (SB) & Its Rivals
www.americanbankingnews.com - September 25 at 4:14 AM |
| Head-To-Head Analysis: Safe Bulkers (SB) vs. The Competition
www.americanbankingnews.com - September 25 at 12:26 AM |
| Analysts Anticipate Safe Bulkers, Inc (SB) to Announce -$0.04 EPS
www.americanbankingnews.com - September 24 at 8:42 AM |
| Safe Bulkers, Inc (SB) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - September 20 at 10:52 PM |
| Head-To-Head Analysis: Safe Bulkers (SB) & Its Competitors
www.americanbankingnews.com - September 19 at 12:48 AM |
| Head-To-Head Survey: Seaspan Corporation (SSW) vs. Safe Bulkers (SB)
www.americanbankingnews.com - September 18 at 4:30 PM |
 | Bulking On Safe Bulkers - Seeking Alpha
seekingalpha.com - September 15 at 8:31 AM |
| Safe Bulkers (SB) and Tsakos Energy Navigation (TNP) Critical Comparison
www.americanbankingnews.com - September 10 at 4:08 PM |
| Safe Bulkers, Inc (SB) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 9 at 8:38 PM |
 | Safe Bulkers, Inc. Announces Election of Class III Directors at 2017 Annual Meeting of Stockholders
finance.yahoo.com - September 9 at 8:11 AM |
| Safe Bulkers (SB) and Danaos Corporation (DAC) Critical Review
www.americanbankingnews.com - September 7 at 10:02 AM |
| -$0.04 EPS Expected for Safe Bulkers, Inc (SB) This Quarter
www.americanbankingnews.com - September 5 at 4:14 PM |
| Contrasting Safe Bulkers (SB) and Diana Shipping inc. (DSX)
www.americanbankingnews.com - August 22 at 8:30 AM |
| Safe Bulkers, Inc (SB) Research Coverage Started at Maxim Group
www.americanbankingnews.com - August 21 at 4:46 PM |
| $34.37 Million in Sales Expected for Safe Bulkers, Inc (SB) This Quarter
www.americanbankingnews.com - August 20 at 8:56 AM |
| Safe Bulkers, Inc (SB) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 16 at 12:42 AM |
| ETFs with exposure to Safe Bulkers, Inc. : August 14, 2017
finance.yahoo.com - August 14 at 9:04 PM |
| 30 Shipping Companies to Present at Capital Link's 10th Annual Shipping, Marine Services & Offshore Forum Tuesday, September 12, 2017 in London, UK
finance.yahoo.com - August 14 at 3:47 PM |
| Safe Bulkers, Inc (SB) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - August 5 at 7:14 AM |
| ETFs with exposure to Safe Bulkers, Inc. : August 4, 2017
finance.yahoo.com - August 4 at 7:55 AM |
| Zacks: Brokerages Anticipate Safe Bulkers, Inc (NYSE:SB) Will Post Quarterly Sales of $34.12 Million
www.americanbankingnews.com - August 1 at 7:04 AM |
| Safe Bulkers, Inc. :SB-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017
finance.yahoo.com - August 1 at 6:12 AM |
| Safe Bulkers, Inc (SB) to Post Q3 2017 Earnings of ($0.05) Per Share, Seaport Global Securities Forecasts
www.americanbankingnews.com - July 31 at 7:31 AM |
| Safe Bulkers, Inc (NYSE:SB) Expected to Post Earnings of -$0.04 Per Share
www.americanbankingnews.com - July 30 at 10:04 PM |
| Edited Transcript of SB earnings conference call or presentation 27-Jul-17 12:30pm GMT
finance.yahoo.com - July 28 at 7:40 AM |
| Safe Bulkers, Inc (NYSE:SB) Posts Earnings Results, Misses Expectations By $0.02 EPS
www.americanbankingnews.com - July 27 at 10:48 PM |
| Safe Bulkers, Inc. Reports Second Quarter and Six Months 2017 Results
finance.yahoo.com - July 27 at 7:09 AM |
| Safe Bulkers reports 2Q loss
finance.yahoo.com - July 27 at 7:09 AM |
| Investor Network: Safe Bulkers, Inc. to Host Earnings Call
finance.yahoo.com - July 27 at 7:08 AM |
| Critical Survey: Safe Bulkers (NYSE:SB) & Scorpio Bulkers (SALT)
www.americanbankingnews.com - July 26 at 4:13 PM |
| Safe Bulkers, Inc. (NYSE:SB) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 22 at 12:29 AM |
| Safe Bulkers, Inc. Sets Date for Second Quarter 2017 Results, Conference Call and Webcast
finance.yahoo.com - July 21 at 6:54 AM |
| Safe Bulkers, Inc (SB) Earns Hold Rating from Stifel Nicolaus
www.americanbankingnews.com - July 19 at 11:29 AM |
| Safe Bulkers, Inc (NYSE:SB) Short Interest Update
www.americanbankingnews.com - July 19 at 7:19 AM |
| Safe Bulkers, Inc (NYSE:SB) Expected to Post Quarterly Sales of $33.82 Million
www.americanbankingnews.com - July 8 at 8:39 AM |
| Safe Bulkers, Inc (NYSE:SB) Expected to Announce Earnings of -$0.05 Per Share
www.americanbankingnews.com - July 6 at 6:18 PM |
| ETFs with exposure to Safe Bulkers, Inc. : July 4, 2017
finance.yahoo.com - July 5 at 10:23 AM |
| Safe Bulkers' (NYSE:SB) Hold Rating Reiterated at Jefferies Group LLC
www.americanbankingnews.com - July 4 at 7:25 AM |
| Safe Bulkers Announces Annual Meeting of Stockholders
finance.yahoo.com - June 29 at 6:44 AM |
| Safe Bulkers, Inc. Added to the Russell 3000 Index
finance.yahoo.com - June 27 at 7:46 PM |
| Safe Bulkers, Inc (SB) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 27 at 12:56 AM |
| Safe Bulkers, Inc. :SB-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 22 at 12:08 PM |
| Why Safe Bulkers (SB) Could Be Positioned for a Surge
finance.yahoo.com - June 21 at 4:54 AM |
| Safe Bulkers, Inc (SB) Sees Large Decline in Short Interest
www.americanbankingnews.com - June 17 at 7:12 AM |
| Safe Bulkers, Inc (SB) Stock Rating Upgraded by TheStreet
www.americanbankingnews.com - June 15 at 10:48 PM |
| Safe Bulkers (SB) and Diana Containerships (DCIX) Head to Head Contrast
www.americanbankingnews.com - June 15 at 12:32 PM |
| Brokerages Expect Safe Bulkers, Inc (SB) Will Post Quarterly Sales of $33.82 Million
www.americanbankingnews.com - June 14 at 10:00 AM |
| Zacks: Brokerages Expect Safe Bulkers, Inc (SB) Will Announce Earnings of -$0.05 Per Share
www.americanbankingnews.com - June 12 at 6:14 PM |
Safe Bulkers (SB) Chart for Tuesday, September, 26, 2017
