Safe Bulkers (SB) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $3.45 to $3.58
• 50-Day Range: $3.50 to $4.52
• 52-Week Range: $3.40 to $6.33
• Volume: 899,356 shs
• Average Volume: 678,101 shs
• Market Capitalization: $374.79 million
• P/E Ratio: 3.90
• Dividend Yield: 5.70%
• Price Target: $6.00
• Consensus Rating: Buy

Safe Bulkers Stock Analysis - MarketRank™

Safe Bulkers scored higher than 98% of companies evaluated by MarketBeat, and ranked 3rd out of 130 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Safe Bulkers has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Safe Bulkers has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 31.88%

Earnings Growth

Earnings for Safe Bulkers are expected to grow by 31.88% in the coming year, from $0.69 to $0.91 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Safe Bulkers is 3.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Safe Bulkers is 3.90, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.81.

Price to Book Value per Share Ratio

Safe Bulkers has a P/B Ratio of 0.49. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.20% of the float of Safe Bulkers has been sold short.

Short Interest Ratio / Days to Cover

Safe Bulkers has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Safe Bulkers has recently increased by 5.65%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Safe Bulkers is a leading dividend payer. It pays a dividend yield of 5.51%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Safe Bulkers does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Safe Bulkers is 22.22%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Safe Bulkers will have a dividend payout ratio of 21.98% next year. This indicates that Safe Bulkers will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.6 / 5
• Environmental Score: -5.84

Percentage of Shares Shorted

3.20% of the float of Safe Bulkers has been sold short.

Short Interest Ratio / Days to Cover

Safe Bulkers has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Safe Bulkers has recently increased by 5.65%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.76

News Sentiment

Safe Bulkers has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Safe Bulkers this week, compared to 2 articles on an average week.

Search Interest

10 people have searched for SB on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Safe Bulkers to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Safe Bulkers insiders have not sold or bought any company stock.

Percentage Held by Insiders

40.25% of the stock of Safe Bulkers is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 21.69% of the stock of Safe Bulkers is held by institutions.

SB Stock Analysis - Frequently Asked Questions

How have SB shares performed this year?

Safe Bulkers' stock was trading at $3.93 at the beginning of the year. Since then, SB stock has decreased by 10.7% and is now trading at $3.51.
View the best growth stocks for 2024 here.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) posted its quarterly earnings data on Monday, July, 29th. The shipping company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by $0.01. The shipping company earned $78.55 million during the quarter, compared to the consensus estimate of $69.16 million. Safe Bulkers had a trailing twelve-month return on equity of 11.58% and a net margin of 33.17%.

Who are Safe Bulkers' major shareholders?

Top institutional investors of Safe Bulkers include State Street Corp (1.55%), Connor Clark & Lunn Investment Management Ltd. (0.75%), Geode Capital Management LLC (0.68%) and Empowered Funds LLC (0.49%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Safe Bulkers own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Safe Bulkers investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Arista Networks (ANET), CrowdStrike (CRWD), UnitedHealth Group (UNH) and Advanced Micro Devices (AMD).

Company Calendar

• Last Earnings: 7/29/2024
• Ex-Dividend for 12/17 Dividend: 12/02/2024
• Dividend Payable: 12/17/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Deep sea foreign transportation of freight
• Sub-Industry: Transportation
• Current Symbol: NYSE:SB
• CUSIP: N/A
• CIK: 1434754
• Web: www.safebulkers.com
• Phone: 377302111888400
• Fax: 211-187-8500
• Employees: 9
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.00
• High Stock Price Target: $6.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +70.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.90
• Trailing P/E Ratio: 3.90
• Forward P/E Ratio: 5.09
• P/E Growth: N/A
• Net Income: $77.35 million
• Net Margins: 33.17%
• Pretax Margin: 33.17%
• Return on Equity: 11.58%
• Return on Assets: 6.92%

Debt

• Debt-to-Equity Ratio: 0.52
• Current Ratio: 1.34
• Quick Ratio: 1.34

Sales & Book Value

• Annual Sales: $318.43 million
• Price / Sales: 1.18
• Cash Flow: $1.08 per share
• Price / Cash Flow: 3.24
• Book Value: $7.10 per share
• Price / Book: 0.49

Miscellaneous

• Outstanding Shares: 106,778,000
• Free Float: 63,800,000
• Market Cap: $374.79 million
• Optionable: Optionable
• Beta: 0.91