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66,000% upside on tiny biotech? (Ad)
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Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
66,000% upside on tiny biotech? (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
66,000% upside on tiny biotech? (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
66,000% upside on tiny biotech? (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
66,000% upside on tiny biotech? (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
S&P 500   4,337.44
DOW   34,006.88
QQQ   359.61
3 Blue Chip Safe Havens to Shield Your Portfolio
The single greatest medical breakthrough of all time? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
Are Gene Therapy Stocks The Market's Next Big Winners?
66,000% upside on tiny biotech? (Ad)
3 Stocks That Flourish In The Fall
Buy The World’s Largest IT Infrastructure Provider For Under $20
66,000% upside on tiny biotech? (Ad)
2 Must-Have Silicon Companies That Don't Make Microchips
Small Caps That Have Priced In A Hard Landing For Big Upside
NYSE:SB

Safe Bulkers (SB) Stock Forecast, Price & News

$3.24
-0.01 (-0.31%)
(As of 09/25/2023 ET)
Compare
Today's Range
$3.20
$3.28
50-Day Range
$2.99
$3.39
52-Week Range
$2.35
$3.85
Volume
576,443 shs
Average Volume
698,166 shs
Market Capitalization
$361.52 million
P/E Ratio
3.38
Dividend Yield
6.17%
Price Target
$2.93

Safe Bulkers MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
9.7% Downside
$2.93 Price Target
Short Interest
Bearish
3.09% 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
74.00%
From $0.50 to $0.87 Per Share

Overall MarketRank

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

2.24 out of 5 stars

Transportation Sector

66th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

16th out of 27 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 February 2023, the company had a fleet of 40 drybulk vessels having an average age of 10.5 years; and an aggregate carrying capacity of 4.5 million deadweight tons. Its fleet consisted of 12 Panamax class vessels, 7 Kamsarmax class vessels, 17 post- Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

SB Price History

SB Stock News Headlines

Cleaves Securities Remains a Buy on Safe Bulkers (SB)
How A.I. Could Make Most 21st Century Diseases EXTINCT
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
Safe Bulkers (SB) Receives a Rating Update from a Top Analyst
How A.I. Could Make Most 21st Century Diseases EXTINCT
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
Safe Bulkers (NYSE: SB)
SB.PD Safe Bulkers, Inc. PERP PFD SER D
Safe Bulkers' (NYSE:SB) Dividend Will Be $0.05
See More Headlines
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SB Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/1 Dividend
8/17/2023
Dividend Payable
9/01/2023
Today
9/25/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

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
$2.93
High Stock Price Forecast
$3.00
Low Stock Price Forecast
$2.85
Forecasted Upside/Downside
-9.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$172.55 million
Pretax Margin
37.93%

Debt

Sales & Book Value

Annual Sales
$349.72 million
Cash Flow
$1.80 per share
Book Value
$6.35 per share

Miscellaneous

Free Float
66,672,000
Market Cap
$361.52 million
Optionable
Optionable
Beta
0.89
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Key Executives

  • Mr. Polys Hajioannou (Age 56)
    Chairman & CEO
  • Dr. Loukas Barmparis (Age 60)
    Pres, Sec. & Director
  • Mr. Konstantinos Adamopoulos (Age 60)
    CFO, Treasurer & Director
  • Mr. Ioannis Foteinos (Age 64)
    COO & Director













SB Stock - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?

1 Wall Street research 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 research 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 Wall Street research analysts have issued 12 month price objectives for Safe Bulkers' shares. Their SB share price forecasts range from $2.85 to $3.00. On average, they anticipate the company's share price to reach $2.93 in the next year. This suggests that the stock has a possible downside of 9.7%.
View analysts price targets for SB
or view top-rated stocks among Wall Street analysts.

How have SB shares performed in 2023?

Safe Bulkers' stock was trading at $2.91 at the beginning of the year. Since then, SB shares have increased by 11.3% and is now trading at $3.24.
View the best growth stocks for 2023 here
.

When is Safe Bulkers' next earnings date?

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

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) issued its quarterly earnings results on Thursday, July, 27th. The shipping company reported $0.12 earnings per share (EPS) for the quarter. The shipping company had revenue of $70.62 million for the quarter, compared to analyst estimates of $58.50 million. Safe Bulkers had a net margin of 37.93% and a trailing twelve-month return on equity of 15.10%. During the same period in the prior year, the company earned $0.40 EPS.

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

Safe Bulkers declared a quarterly dividend on Wednesday, July 26th. Shareholders of record on Friday, August 18th will be paid a dividend of $0.05 per share on Friday, September 1st. This represents a $0.20 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend is Thursday, August 17th.
Read our dividend analysis for SB
.

What ETF holds Safe Bulkers' stock ?

SonicShares Global Shipping ETF holds 21,948 shares of SB stock, representing 0.38% of its portfolio.

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 6.15%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 22.99% 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.32%), Renaissance Technologies LLC (3.09%), State Street Corp (1.19%), Acadian Asset Management LLC (0.98%), Goldman Sachs Group Inc. (0.91%) and JPMorgan Chase & Co. (0.66%).
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 $3.24.

How much money does Safe Bulkers make?

Safe Bulkers (NYSE:SB) has a market capitalization of $361.52 million and generates $349.72 million in revenue each year. The shipping company earns $172.55 million in net income (profit) each year or $0.96 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 377302111888400, via email at safebulkers@capitallink.com, or via fax at 211-187-8500.

This page (NYSE:SB) was last updated on 9/26/2023 by MarketBeat.com Staff

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