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Safe BulkersNYSE: SB

Profile

Country:

Monaco

IPO:

30 May 2008

Next earnings report:

12 February 2025

Last dividends:

21 August 2024

Next dividends:

02 December 2024
$455.94 M
-32%vs. 3y high
39%vs. sector
-48%vs. 3y high
7%vs. sector
-36%vs. 3y high
17%vs. sector
-45%vs. 3y high
50%vs. sector

Price

after hours | Thu, 21 Nov 2024 00:33:01 GMT
$4.27-$0.21(-4.69%)
$75.92 M$71.90 M
$75.92 M$25.12 M

Analysts recommendations

Institutional Ownership

SB Latest News

Safe Bulkers (SB) to Report Q3 Results: Wall Street Expects Earnings Growth
zacks.com29 October 2024 Sentiment: NEUTRAL

Safe Bulkers (SB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Safe Bulkers: Idea For Income-Oriented Investors That Seek Upside Potential
seekingalpha.com17 October 2024 Sentiment: POSITIVE

Safe Bulkers employs nine vessels under spot charters and 38 under time charters. The mix between time and spot charters pays off. Net revenue grew by 11% yearly to $78.5 million in 2Q24. Higher day rates combined with more available days contributed to this increase. The company's valuation at 47% PNAV presents significant upside potential, supported by favorable dry bulk market fundamentals. Besides that, SB offers well-secured dividends.

Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
globenewswire.com03 October 2024 Sentiment: POSITIVE

MONACO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:

Safe Bulkers, Inc. Announces Results of 2024 Annual Meeting of Stockholders
globenewswire.com13 September 2024 Sentiment: POSITIVE

MONACO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Monaco today.

Safe Bulkers: The PullBack Might Not Be Over
seekingalpha.com17 August 2024 Sentiment: NEUTRAL

Recent 20% pullback in share price following a 100% bull run since the end of 2023, with mixed Q2 2024 earnings due to weaker commodity markets and reduced backhaul cargoes. Despite a rise in net income and charter rates, my concerns include declining free cash flow, operating margins, and a high dividend yield not necessarily backed up by good financials. Safe Bulkers repurchased over 4.8 million shares in Q1 2024 but has not announced a new buyback program for Q2 2024, raising my concerns about future share price support.

Safe Bulkers, Inc. (SB) Q2 2024 Earnings Call Transcript
seekingalpha.com30 July 2024 Sentiment: POSITIVE

Safe Bulkers, Inc. (NYSE:SB ) Q2 2024 Earnings Conference Call July 30, 2024 10:00 AM ET Company Participants Loukas Barmparis - President, Secretary, Director Konstantinos Adamopoulos - CFO & Director Polys Hajioannou - Chairman & CEO Conference Call Participants Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Safe Bulkers conference call on the Second Quarter 2024 Financial Results. We have with us Mr.

Safe Bulkers, Inc. Reports Second Quarter 2024 Results and Declares Dividend on Common Stock
globenewswire.com29 July 2024 Sentiment: POSITIVE

MONACO, July 29, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six month periods ended June 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.

Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
globenewswire.com02 July 2024 Sentiment: POSITIVE

MONACO, July 02, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:

Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel
globenewswire.com03 June 2024 Sentiment: POSITIVE

MONACO, June 03, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel, with a scheduled delivery date within the first quarter of 2027.

Safe Bulkers, Inc. Announces the Implementation of Integrated Management System in Compliance with DryBMS Standards
globenewswire.com31 May 2024 Sentiment: POSITIVE

MONACO, May 31, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that from June 1st, it is voluntary implementing a new computerized Integrated Management System (‘IMS') in compliance with DryBMS Standards. The new IMS replaces the existing Safety Management System (‘SMS'), is in line with Rightship RISQ3, focusing on Crew Welfare and SSI Code of Conduct, and ensuring the competence and commitment to the highest level of standards of our staff and fleet.

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What type of business is Safe Bulkers?

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. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons. Its fleet consists of 10 Panamax class vessels, 11 Kamsarmax class vessels, 18 post-Panamax class vessels, and 8 Capesize class vessels. Safe Bulkers, Inc. was incorporated in 2007 and is based in Monaco.

What sector is Safe Bulkers in?

Safe Bulkers is in the Industrials sector

What industry is Safe Bulkers in?

Safe Bulkers is in the Marine Shipping industry

What country is Safe Bulkers from?

Safe Bulkers is headquartered in Monaco

When did Safe Bulkers go public?

Safe Bulkers initial public offering (IPO) was on 30 May 2008

What is Safe Bulkers website?

https://www.safebulkers.com

Is Safe Bulkers in the S&P 500?

No, Safe Bulkers is not included in the S&P 500 index

Is Safe Bulkers in the NASDAQ 100?

No, Safe Bulkers is not included in the NASDAQ 100 index

Is Safe Bulkers in the Dow Jones?

No, Safe Bulkers is not included in the Dow Jones index

When was Safe Bulkers the previous earnings report?

No data

When does Safe Bulkers earnings report?

The next expected earnings date for Safe Bulkers is 12 February 2025