Safe Bulkers Company Profile (NYSE:SB)

About Safe Bulkers (NYSE:SB)

Safe Bulkers logoSafe 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?

Safe Bulkers is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Safe Bulkers.

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?

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)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  145 (Vote Outperform)
Underperform Votes:  217 (Vote Underperform)
Total Votes:  362
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.

Analyst Ratings

Consensus Ratings for Safe Bulkers (NYSE:SB) (How are Consensus Ratings Calculated?)
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:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/21/2017Maxim GroupInitiated CoverageBuy$5.00MediumView Rating Details
7/19/2017Stifel NicolausReiterated RatingHold$2.25LowView Rating Details
7/4/2017Jefferies Group LLCReiterated RatingHold$2.50MediumView Rating Details
3/28/2017Morgan StanleyUpgradeEqual Weight -> Overweight$1.30 -> $3.00HighView Rating Details
2/24/2017Evercore ISIUpgradeSell -> HoldN/AView Rating Details
1/27/2017DNB MarketsUpgradeHold -> BuyN/AView Rating Details
10/31/2016Clarkson CapitalReiterated RatingNeutralN/AView Rating Details
8/2/2016Seaport Global SecuritiesInitiated CoverageNeutral$1.00N/AView Rating Details
7/29/2016Credit Suisse GroupDowngradeNeutral -> Underperform$1.00N/AView Rating Details
(Data available from 9/26/2015 forward)

Earnings

Earnings History for Safe Bulkers (NYSE:SB)
Earnings by Quarter for Safe Bulkers (NYSE:SB)
Earnings History by Quarter for Safe Bulkers (NYSE SB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017($0.05)N/AView Earnings Details
7/26/20176/30/2017($0.05)($0.07)$36.81 million$35.01 millionViewN/AView Earnings Details
5/18/20173/31/2017($0.09)($0.07)$27.85 million$33.30 millionViewN/AView Earnings Details
2/23/2017Q416($0.10)($0.09)$31.20 million$32.94 millionViewN/AView Earnings Details
10/31/2016Q316($0.15)($0.15)$26.98 million$27.10 millionViewListenView Earnings Details
7/28/2016Q216($0.16)($0.15)$29.20 million$26.20 millionViewN/AView Earnings Details
6/2/2016Q116($0.17)($0.21)$25.63 million$24.70 millionViewN/AView Earnings Details
2/10/2016Q415($0.10)($0.13)$35.99 million$29.90 millionViewListenView Earnings Details
11/9/2015Q315($0.07)($0.12)$34.05 million$33.50 millionViewN/AView Earnings Details
7/30/2015Q215($0.09)($0.09)$31.38 million$31.80 millionViewListenView Earnings Details
6/8/2015Q115($0.02)($0.10)$37.54 million$32.10 millionViewN/AView Earnings Details
2/26/2015Q414$0.02$0.01$35.77 million$39.10 millionViewN/AView Earnings Details
11/5/2014Q314$0.02($0.03)$38.40 million$36.52 millionViewN/AView Earnings Details
7/29/2014Q214$0.09$0.02$38.31 million$37.20 millionViewN/AView Earnings Details
5/28/2014Q114$0.11$0.10$37.86 million$41.30 millionViewN/AView Earnings Details
2/26/2014Q413$0.18$0.38$42.10 million$59.20 millionViewN/AView Earnings Details
11/4/2013Q313$0.14$0.14$38.16 million$41.90 millionViewN/AView Earnings Details
8/21/2013Q2 2013$0.19$0.19$40.41 million$41.40 millionViewN/AView Earnings Details
5/15/2013Q1 2013$0.20$0.21$40.14 million$44.10 millionViewN/AView Earnings Details
2/20/2013Q4 2012$0.30$0.27$46.09 million$46.40 millionViewN/AView Earnings Details
11/14/2012Q312$0.29$0.30$44.95 million$46.80 millionViewN/AView Earnings Details
8/6/2012$0.30$0.31ViewN/AView Earnings Details
5/8/2012$0.29$0.32ViewN/AView Earnings Details
2/14/2012$0.36$0.33ViewN/AView Earnings Details
10/17/2011$0.34$0.37ViewN/AView Earnings Details
7/21/2011$0.35$0.27ViewN/AView Earnings Details
5/3/2011$0.38$0.41ViewN/AView Earnings Details
2/9/2011$0.39$0.47ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Safe Bulkers (NYSE:SB)
2017 EPS Consensus Estimate: ($0.33)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172($0.13)($0.09)($0.11)
Q2 20172($0.11)($0.05)($0.08)
Q3 20172($0.09)($0.05)($0.07)
Q4 20172($0.08)($0.06)($0.07)
(Data provided by Zacks Investment Research)

Dividends

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 Payments by Quarter for Safe Bulkers (NYSE:SB)

Dividend History by Quarter for Safe Bulkers (NYSE SB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/31/2015quarterly$0.011.16%8/14/20158/18/20158/28/2015
6/9/2015quarterly$0.011.24%6/17/20156/19/20156/26/2015
2/27/2015quarterly$0.022.11%3/6/20153/10/20153/17/2015
11/5/2014quarterly$0.043.33%11/19/201411/21/201412/5/2014
7/29/2014quarterly$0.063.25%8/15/20148/19/20148/29/2014
5/29/2014quarterly$0.062.98%6/6/20146/10/20146/17/2014
2/26/2014quarterly$0.062.31%3/6/20143/10/20143/17/2014
11/5/2013quarterly$0.062.84%11/20/201311/22/201312/6/2013
8/21/2013quarterly$0.053.21%8/29/20139/3/20139/13/2013
5/15/2013quarterly$0.053.82%5/22/20135/27/20136/7/2013
2/20/2013quarterly$0.055.36%2/28/20133/4/20133/8/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Safe Bulkers (NYSE:SB)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Safe Bulkers (NYSE:SB)
Latest Headlines for Safe Bulkers (NYSE:SB)
Source:
DateHeadline
americanbankingnews.com logoSafe Bulkers, Inc (SB) Expected to Announce Quarterly Sales of $34.37 Million
www.americanbankingnews.com - September 26 at 5:30 AM
americanbankingnews.com logoContrasting Safe Bulkers (SB) and Its Peers
www.americanbankingnews.com - September 25 at 10:28 AM
americanbankingnews.com logoReviewing Safe Bulkers (SB) & Its Rivals
www.americanbankingnews.com - September 25 at 4:14 AM
americanbankingnews.com logoHead-To-Head Analysis: Safe Bulkers (SB) vs. The Competition
www.americanbankingnews.com - September 25 at 12:26 AM
americanbankingnews.com logo Analysts Anticipate Safe Bulkers, Inc (SB) to Announce -$0.04 EPS
www.americanbankingnews.com - September 24 at 8:42 AM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - September 20 at 10:52 PM
americanbankingnews.com logoHead-To-Head Analysis: Safe Bulkers (SB) & Its Competitors
www.americanbankingnews.com - September 19 at 12:48 AM
americanbankingnews.com logoHead-To-Head Survey: Seaspan Corporation (SSW) vs. Safe Bulkers (SB)
www.americanbankingnews.com - September 18 at 4:30 PM
seekingalpha.com logoBulking On Safe Bulkers - Seeking Alpha
seekingalpha.com - September 15 at 8:31 AM
americanbankingnews.com logoSafe Bulkers (SB) and Tsakos Energy Navigation (TNP) Critical Comparison
www.americanbankingnews.com - September 10 at 4:08 PM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 9 at 8:38 PM
finance.yahoo.com logoSafe Bulkers, Inc. Announces Election of Class III Directors at 2017 Annual Meeting of Stockholders
finance.yahoo.com - September 9 at 8:11 AM
americanbankingnews.com logoSafe Bulkers (SB) and Danaos Corporation (DAC) Critical Review
www.americanbankingnews.com - September 7 at 10:02 AM
americanbankingnews.com logo-$0.04 EPS Expected for Safe Bulkers, Inc (SB) This Quarter
www.americanbankingnews.com - September 5 at 4:14 PM
americanbankingnews.com logoContrasting Safe Bulkers (SB) and Diana Shipping inc. (DSX)
www.americanbankingnews.com - August 22 at 8:30 AM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Research Coverage Started at Maxim Group
www.americanbankingnews.com - August 21 at 4:46 PM
americanbankingnews.com logo$34.37 Million in Sales Expected for Safe Bulkers, Inc (SB) This Quarter
www.americanbankingnews.com - August 20 at 8:56 AM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 16 at 12:42 AM
finance.yahoo.com logoETFs with exposure to Safe Bulkers, Inc. : August 14, 2017
finance.yahoo.com - August 14 at 9:04 PM
finance.yahoo.com logo30 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
americanbankingnews.com logoSafe Bulkers, Inc (SB) Upgraded to "Hold" by Zacks Investment Research
www.americanbankingnews.com - August 5 at 7:14 AM
finance.yahoo.com logoETFs with exposure to Safe Bulkers, Inc. : August 4, 2017
finance.yahoo.com - August 4 at 7:55 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Safe Bulkers, Inc (NYSE:SB) Will Post Quarterly Sales of $34.12 Million
www.americanbankingnews.com - August 1 at 7:04 AM
finance.yahoo.com logoSafe Bulkers, Inc. :SB-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017
finance.yahoo.com - August 1 at 6:12 AM
americanbankingnews.com logoSafe 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
americanbankingnews.com logoSafe Bulkers, Inc (NYSE:SB) Expected to Post Earnings of -$0.04 Per Share
www.americanbankingnews.com - July 30 at 10:04 PM
finance.yahoo.com logoEdited Transcript of SB earnings conference call or presentation 27-Jul-17 12:30pm GMT
finance.yahoo.com - July 28 at 7:40 AM
americanbankingnews.com logoSafe Bulkers, Inc (NYSE:SB) Posts Earnings Results, Misses Expectations By $0.02 EPS
www.americanbankingnews.com - July 27 at 10:48 PM
finance.yahoo.com logoSafe Bulkers, Inc. Reports Second Quarter and Six Months 2017 Results
finance.yahoo.com - July 27 at 7:09 AM
finance.yahoo.com logoSafe Bulkers reports 2Q loss
finance.yahoo.com - July 27 at 7:09 AM
finance.yahoo.com logoInvestor Network: Safe Bulkers, Inc. to Host Earnings Call
finance.yahoo.com - July 27 at 7:08 AM
americanbankingnews.com logoCritical Survey: Safe Bulkers (NYSE:SB) & Scorpio Bulkers (SALT)
www.americanbankingnews.com - July 26 at 4:13 PM
americanbankingnews.com logoSafe Bulkers, Inc. (NYSE:SB) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - July 22 at 12:29 AM
finance.yahoo.com logoSafe Bulkers, Inc. Sets Date for Second Quarter 2017 Results, Conference Call and Webcast
finance.yahoo.com - July 21 at 6:54 AM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Earns Hold Rating from Stifel Nicolaus
www.americanbankingnews.com - July 19 at 11:29 AM
americanbankingnews.com logoSafe Bulkers, Inc (NYSE:SB) Short Interest Update
www.americanbankingnews.com - July 19 at 7:19 AM
americanbankingnews.com logoSafe Bulkers, Inc (NYSE:SB) Expected to Post Quarterly Sales of $33.82 Million
www.americanbankingnews.com - July 8 at 8:39 AM
americanbankingnews.com logoSafe Bulkers, Inc (NYSE:SB) Expected to Announce Earnings of -$0.05 Per Share
www.americanbankingnews.com - July 6 at 6:18 PM
finance.yahoo.com logoETFs with exposure to Safe Bulkers, Inc. : July 4, 2017
finance.yahoo.com - July 5 at 10:23 AM
americanbankingnews.com logoSafe Bulkers' (NYSE:SB) Hold Rating Reiterated at Jefferies Group LLC
www.americanbankingnews.com - July 4 at 7:25 AM
finance.yahoo.com logoSafe Bulkers Announces Annual Meeting of Stockholders
finance.yahoo.com - June 29 at 6:44 AM
finance.yahoo.com logoSafe Bulkers, Inc. Added to the Russell 3000 Index
finance.yahoo.com - June 27 at 7:46 PM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - June 27 at 12:56 AM
finance.yahoo.com logoSafe Bulkers, Inc. :SB-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 22 at 12:08 PM
finance.yahoo.com logoWhy Safe Bulkers (SB) Could Be Positioned for a Surge
finance.yahoo.com - June 21 at 4:54 AM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Sees Large Decline in Short Interest
www.americanbankingnews.com - June 17 at 7:12 AM
americanbankingnews.com logoSafe Bulkers, Inc (SB) Stock Rating Upgraded by TheStreet
www.americanbankingnews.com - June 15 at 10:48 PM
americanbankingnews.com logoSafe Bulkers (SB) and Diana Containerships (DCIX) Head to Head Contrast
www.americanbankingnews.com - June 15 at 12:32 PM
americanbankingnews.com logo Brokerages Expect Safe Bulkers, Inc (SB) Will Post Quarterly Sales of $33.82 Million
www.americanbankingnews.com - June 14 at 10:00 AM
americanbankingnews.com logoZacks: Brokerages Expect Safe Bulkers, Inc (SB) Will Announce Earnings of -$0.05 Per Share
www.americanbankingnews.com - June 12 at 6:14 PM

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Chart

Safe Bulkers (SB) Chart for Tuesday, September, 26, 2017

This page was last updated on 9/26/2017 by MarketBeat.com Staff