Streetbeat News

Safe Bulkers, Inc.

https://www.safebulkers.com

Industry

Marine Shipping

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.

Open

4.37

Mkt cap

463M

Volume

301K

High

4.43

P/E Ratio

5.49

52-wk high

6.33

Low

4.33

Div yield

0.05

52-wk low

3.16

Numerous companies are scheduled to report their earnings on February 12, 2024, with expectations spanning from losses to significant profits across various sectors. Key reports include Goodyear Tire & Rubber with expected earnings of $0.36 per share on $5.39 billion revenue, and Avis Budget Group projecting earnings of $4.15 per share on $2.81 billion revenue. The diversity in performance indicators reflects a broad economic landscape, potentially influencing market movements.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 10:21 am

Safe Bulkers (NYSE:SB) is scheduled to release its quarterly earnings report on February 12, 2024, with an estimated EPS of $0.17. Historical data shows mixed reactions to past earnings, with the last quarter missing estimates by $0.02 but resulting in a 0.94% share price increase the following day. Over the last year, SB shares have risen by 26.44%, indicating a positive outlook from long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 4:00 pm

Safe Bulkers, Inc. has entered into an agreement to acquire a Japanese Kamsarmax class dry-bulk vessel, expanding its fleet and capabilities in the dry-bulk sector.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 9:06 pm

Safe Bulkers, Inc. has agreed to acquire a new Japanese Kamsarmax class dry-bulk vessel with a capacity of 82,000 dwt, to be delivered in the first half of 2026. The financial terms of the acquisition were not disclosed. The vessel will comply with the Phase 3 Energy Efficiency Design Index for GHG emissions reduction and NOx-Tier III emissions standards. It is a sister vessel to others in Safe Bulkers' orderbook, featuring advanced energy efficiency for reduced fuel consumption.

Portfolio Pulse from Benzinga Newsdesk

December 19, 2023 | 2:08 pm

Safe Bulkers, Inc. (NYSE:SB) has announced a stock repurchase program to buy back up to 5 million shares of its common stock, representing about 4.5% of outstanding shares and 8.1% of its public float. The repurchase program is not obligatory and can be modified or terminated at any time. Purchases will be made on the open market in compliance with laws and regulations, specifically within the safe harbor provisions of Regulation 10b-18. The repurchases will be funded using Safe Bulkers' existing cash resources.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 2:04 pm

Safe Bulkers, Inc. has announced the sale of a 2015-built Kamsarmax class dry-bulk vessel for a gross sale price of $26.6 million.

Portfolio Pulse from Bill Haddad

November 27, 2023 | 2:01 pm

Benzinga Insights has identified five value stocks in the industrials sector based on low P/E ratios. CompoSecure (CMPO), PROG Holdings (PRG), Greenpro Capital (GRNQ), Capital Product Partners (CPLP), and Safe Bulkers (SB) are on the watch list. CMPO's Q3 EPS decreased by 4%, PRG's EPS decreased slightly, GRNQ reported a negative EPS, CPLP's EPS increased by 12% and reported a higher dividend yield, while SB's EPS decreased with a stable dividend yield. Value stocks may take time to rebound and carry the risk of not doing so.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 2:41 pm

Safe Bulkers (NYSE:SB) reported Q3 earnings, missing estimates by 20.0% with an EPS of $0.08 versus an estimate of $0.1. Revenue was down $29.06 million from the same period last year. Last quarter, the company also missed on EPS which was followed by a 3.02% drop in the share price the next day.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 9:40 pm

Safe Bulkers (NYSE:SB) reported Q3 earnings of $0.08 per share, missing the analyst consensus estimate of $0.10 by 20%. This is a 79.49% decrease from the same period last year. However, the company reported quarterly sales of $64.65 million, beating the analyst consensus estimate of $58.07 million by 11.33%. This is a 31.01% decrease from the same period last year.

Portfolio Pulse from bharat@benzinga.com

November 07, 2023 | 9:38 pm

Safe Bulkers (NYSE:SB) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.10. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $3.23 and has seen a 16.61% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 7:01 pm

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