Safe Bulkers

Safe Bulkers, Inc. provides international marine drybulk transportation services. The firm offers transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The company was founded on December 11, 2007 and is headquartered in Les Acanthes, Monaco.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Safe Bulkers reports stable Q1 earnings amidst market challenges

Safe Bulkers delivered solid financial performance in Q1 2023, emphasizing stability and profitability. The company faces challenges in the aging fleet and uncertain newbuild market but remains focused on sustainable fleet strategies. Opportunities lie in market recovery, global demand growth, and strategic investments in scrubbers and fleet expansion.

Safe Bulkers adapts to market challenges, emphasizes sustainability initiatives

Safe Bulkers navigated a challenging market environment in Q2 2023, focusing on financial stability, operational efficiency, and strategic investments.
The company's strong liquidity, capital structure, and contracted revenues provide a solid foundation for growth and adaptation to industry changes.
While facing market volatility and economic uncertainties, Safe Bulkers remains resilient, emphasizing environmental upgrades and seizing opportunities for expansion.

Safe Bulkers reports Q3 decline, eyes growth amid economic challenges

Safe Bulkers navigated Q3 2023 with resilience amid global economic uncertainties, reporting lower adjusted EBITDA but increased contracted revenue.
The company's strategic focus on environmental competitiveness and shareholder value distribution strengthens its position in the market.
While facing challenges from economic headwinds, Safe Bulkers maintains financial stability and eyes growth opportunities in the drybulk sector.

Safe Bulkers reports strong Q4 performance amidst market opportunities

Safe Bulkers' Q4 2023 earnings call highlighted solid financial performance, market insights, and global economic projections.
The company's strengths lie in strong liquidity, operational efficiency, and strategic financial planning for future growth.
Challenges include market volatility, regulatory uncertainties, and strategic decision-making amidst changing economic conditions.
Opportunities for Safe Bulkers include leveraging its financial strength for growth initiatives and capitalizing on positive market conditions.

Safe Bulkers reports strong Q1 performance and eyes growth opportunities

Safe Bulkers' Q1 2024 earnings call showcased a strong performance, emphasizing fleet modernization and market updates. The company faces challenges in optimizing capital allocation and managing operating expenses but has opportunities for growth through fleet renewal and market exploration.

Safe Bulkers reports strong Q2 earnings, eyes sustainability initiatives

Safe Bulkers delivered a strong performance in Q2 2024 with increased revenues and solid liquidity.
The company's focus on sustainability and fleet upgrades positions it well for long-term success.
Challenges in investing in Capesize vessels and market dynamics require careful navigation for future growth.

Safe Bulkers reports resilient Q3 performance amidst market challenges

Safe Bulkers navigated market challenges well in Q3, leveraging its strong fleet and financial position. While facing uncertainties, the company remains well-positioned for growth and compliance with environmental standards.

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Safe Bulkers, Inc. (SB) Q3 2024 Earnings Call Transcript

Safe Bulkers (SB) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.08 per share a year ago.

Safe Bulkers (SB) Matches Q3 Earnings Estimates

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 (SB) to Report Q3 Results: Wall Street Expects Earnings Growth

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: Idea For Income-Oriented Investors That Seek Upside Potential

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. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares

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, Inc. Announces Results of 2024 Annual Meeting of Stockholders

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: The PullBack Might Not Be Over

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. (SB) Q2 2024 Earnings Call Transcript

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Safe Bulkers (SB) Right Now?

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. Reports Second Quarter 2024 Results and Declares Dividend on Common Stock

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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 Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel

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.

Safe Bulkers, Inc. Announces the Implementation of Integrated Management System in Compliance with DryBMS Standards

Safe Bulkers has significantly outperformed its peers, achieving a total return of 89% since I covered it in early 2023. The demand and supply balance in the dry bulk shipping industry has weakened, but SB remains undervalued compared to its peers. SB's fleet continues to out-margin its competitors, and management's capital allocation strategy is impressive.

Safe Bulkers: Better Margins At A Cheaper Price

MONACO, May 30, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's 2023 Sustainability Report is available for download and can be accessed from its website using the link provided below.

Safe Bulkers, Inc. Announces Availability of 2023 Sustainability Report

Safe Bulkers, Inc. (NYSE:SB ) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Polys Hajioannou - Chairman & Chief Executive Officer 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 First Quarter 2024 Financial Results. We have with us Mr.

Safe Bulkers, Inc. (SB) Q1 2024 Earnings Call Transcript

MONACO, April 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 month periods ended March 31, 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. Reports First Quarter 2024 Results and Declares Dividend on Common Stock

Is Safe Bulkers (SB) Stock Undervalued Right Now?

MONACO, April 26, 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 fourth quarter of 2026.

Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Newbuild Japanese Kamsarmax Class Dry-bulk Vessel

Earnings Release: Monday, April 29, 2024, After Market Closes Conference Call and Webcast: Tuesday, April 30, 2024, at 10:00 A.M. Eastern Time MONACO, April 24, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the first quarter ended March 31, 2024, after the market closes in New York on Monday, April 29, 2024.

Safe Bulkers, Inc. Sets Date for the First Quarter 2024 Results, Conference Call, and Webcast

Safe Bulkers (SB) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Here's Why Momentum in Safe Bulkers (SB) Should Keep going

Safe Bulkers (SB) closed at $4.81 in the latest trading session, marking a +0.84% move from the prior day.

Safe Bulkers (SB) Rises As Market Takes a Dip: Key Facts

The latest trading day saw Safe Bulkers (SB) settling at $4.77, representing a +1.27% change from its previous close.

Safe Bulkers (SB) Ascends While Market Falls: Some Facts to Note

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Here is how Safe Bulkers (SB) and Star Bulk Carriers (SBLK) have performed compared to their sector so far this year.

News for Safe Bulkers Stock (SB)