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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Low VIX? 3 High Beta Stocks To Boost Your Returns
Best Bear Market Funds: Top 3 Investment Options to Consider
How and When to Roll Your Options Positions?
NYSE:SB

Safe Bulkers (SB) Stock Price, News & Analysis

$4.96
-0.03 (-0.60%)
(As of 03/27/2024 ET)
Today's Range
$4.90
$5.01
50-Day Range
$3.91
$5.13
52-Week Range
$2.97
$5.15
Volume
1.12 million shs
Average Volume
1.04 million shs
Market Capitalization
$553.03 million
P/E Ratio
7.99
Dividend Yield
4.04%
Price Target
$6.00

Safe Bulkers MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
21.1% Upside
$6.00 Price Target
Short Interest
Healthy
3.81% 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
16.09%
From $0.87 to $1.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.85 out of 5 stars

Transportation Sector

8th out of 116 stocks

Deep Sea Foreign Transportation Of Freight Industry

1st out of 26 stocks

SB stock logo

About Safe Bulkers Stock (NYSE:SB)

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.

SB Stock Price History

SB Stock News Headlines

Safe Bulkers Inc.
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There's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.
SB Oct 2024 5.000 put
SB Jul 2024 4.000 call
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Safe Bulkers Inc Pc Pref (SB_pc)
Cleaves Securities Reaffirms Their Buy Rating on Safe Bulkers (SB)
Cleaves Securities Keeps Their Buy Rating on Safe Bulkers (SB)
See More Headlines
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/19 Dividend
2/29/2024
Dividend Payable
3/19/2024
Today
3/28/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

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 Target
$6.00
High Stock Price Target
$6.00
Low Stock Price Target
$6.00
Potential Upside/Downside
+21.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$77.35 million
Pretax Margin
27.20%

Debt

Sales & Book Value

Annual Sales
$284.40 million
Cash Flow
$1.13 per share
Book Value
$7.10 per share

Miscellaneous

Free Float
66,686,000
Market Cap
$553.03 million
Optionable
Optionable
Beta
1.02
12 Stocks Corporate Insiders are Abandoning Cover

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SB Stock Analysis - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SB shares.
View SB analyst ratings
or view top-rated stocks.

What is Safe Bulkers' stock price target for 2024?

1 brokerages have issued 1-year price targets for Safe Bulkers' stock. Their SB share price targets range from $6.00 to $6.00. On average, they expect the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 21.1% from the stock's current price.
View analysts price targets for SB
or view top-rated stocks among Wall Street analysts.

How have SB shares performed in 2024?

Safe Bulkers' stock was trading at $3.93 at the beginning of the year. Since then, SB shares have increased by 26.1% and is now trading at $4.9550.
View the best growth stocks for 2024 here
.

When is Safe Bulkers' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our SB earnings forecast
.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) issued its quarterly earnings results on Tuesday, February, 13th. The shipping company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. The shipping company had revenue of $82.29 million for the quarter, compared to analyst estimates of $72.70 million. Safe Bulkers had a net margin of 27.20% and a trailing twelve-month return on equity of 9.05%. During the same quarter in the prior year, the business earned $0.29 EPS.

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

Safe Bulkers announced a quarterly dividend on Monday, February 12th. Investors of record on Friday, March 1st will be paid a dividend of $0.05 per share on Tuesday, March 19th. This represents a $0.20 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for SB
.

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 4.02%. SB has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 19.80% next year. This indicates that the company will be able to sustain or increase its dividend.
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.

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).

Who are Safe Bulkers' major shareholders?

Safe Bulkers' stock is owned by many different retail and institutional investors. Top institutional investors include Bridgeway Capital Management LLC (0.87%), Goldman Sachs Group Inc. (0.74%), Goldman Sachs Group Inc. (0.74%), Vanguard Group Inc. (0.55%), Vanguard Group Inc. (0.55%) and Harvey Capital Management Inc. (0.42%).
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.

This page (NYSE:SB) was last updated on 3/28/2024 by MarketBeat.com Staff

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