Should I buy or sell Safe Bulkers stock right now?

1 Wall Street 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 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 Wall Street analysts have issued twelve-month target prices for Safe Bulkers' stock. Their SB share price targets range from $6.00 to $6.00. On average, they anticipate the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 24.7% 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 start of the year. Since then, SB shares have increased by 22.4% and is now trading at $4.81. 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 data on Tuesday, February, 13th. The shipping company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. The shipping company earned $82.29 million during the quarter, compared to the consensus estimate of $72.70 million. Safe Bulkers had a trailing twelve-month return on equity of 9.05% and a net margin of 27.20%. During the same period in the previous year, the firm earned $0.29 earnings per share.

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

Safe Bulkers declared a quarterly dividend on Monday, February 12th. Stockholders of record on Friday, March 1st will be given a dividend of $0.05 per share on Tuesday, March 19th. This represents a $0.20 dividend on an annualized basis and a yield of 4.16%. 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 4.25%. 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 50,203 shares of SB stock, representing 0.54% 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 institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.41%), Denali Advisors LLC (0.09%) and Counterpoint Mutual Funds LLC (0.02%). 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 .

NYSE:SB

Safe Bulkers (SB) Stock Price, News & Analysis

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Free SB Stock Alerts

$4.81

+0.04 (+0.84%)

(As of 04/19/2024 ET)

Compare

Today's Range: $4.74
▼
$4.82
50-Day Range: $4.16
▼
$5.13
52-Week Range: $2.97
▼
$5.15

Volume: 322,298 shs
Average Volume: 858,759 shs
Market Capitalization: $536.84 million

P/E Ratio: 7.76
Dividend Yield: 4.16%
Price Target: $6.00

Get Safe Bulkers alerts:

Safe Bulkers MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 24.7% Upside
$6.00 Price Target
Short Interest: Healthy
4.07% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -5.84
Upright™ Environmental Score
News Sentiment: 0.99
Based on 5 Articles This Week
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.

4.68 out of 5 stars

Transportation Sector

6th out of 110 stocks

Deep Sea Foreign Transportation Of Freight Industry

1st out of 25 stocks

2.5

Analyst's Opinion

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.

3.0

Short Interest

Percentage of Shares Shorted
4.07% 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 2.9, 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 6.64%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Safe Bulkers is a leading dividend payer. It pays a dividend yield of 4.25%, 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 32.26%. 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 19.80% next year. This indicates that Safe Bulkers will be able to sustain or increase its dividend.

1.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Safe Bulkers has received a -17.60% net impact score from Upright. The largest negative impact of Safe Bulkers in category "GHG emissions" is driven by its "Heavy fuel oil ship freight transport services" product. See details.
Environmental Sustainability
The Environmental Impact score for Safe Bulkers is -5.84.

2.8

News and Social Media Coverage

News Sentiment
Safe Bulkers has a news sentiment score of 0.99. 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 0.50 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Safe Bulkers this week, compared to 2 articles on an average week.
Search Interest
Only 5 people have searched for SB on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Safe Bulkers to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% compared to the previous 30 days.

1.7

Company Ownership

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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Safe Bulkers are expected to grow by 16.09% in the coming year, from $0.87 to $1.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Safe Bulkers is 7.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.76.
Price to Earnings Ratio vs. Sector
The P/E ratio of Safe Bulkers is 7.76, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 16.72.
Price to Book Value per Share Ratio
Safe Bulkers has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

SB Stock News Headlines

April 17, 2024 | investorplace.com

3 Undervalued Penny Dividend Stocks to Buy for 100% Returns

April 17, 2024 | americanbankingnews.com

Safe Bulkers Target of Unusually Large Options Trading (NYSE:SB)

April 19, 2024 | Crypto 101 Media (Ad)

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April 15, 2024 | finance.yahoo.com

Why Safe Bulkers, Inc. (NYSE:SB) Could Be Worth Watching

April 14, 2024 | markets.businessinsider.com

Safe Bulkers (SB) Gets a Buy from Cleaves Securities

April 12, 2024 | msn.com

County offers free safe shredding event in Beaufort

April 10, 2024 | americanbankingnews.com

Safe Bulkers (NYSE:SB) Stock Crosses Above 200 Day Moving Average of $3.97

April 4, 2024 | finance.yahoo.com

Here's What Could Help Safe Bulkers (SB) Maintain Its Recent Price Strength

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 3, 2024 | msn.com

Safe Bulkers Cum Red Perp Pfd Shs Series D declares $0.50 dividend

April 3, 2024 | msn.com

Safe Bulkers Cum Red Perp Pfd Shs Series C declares $0.50 dividend

April 3, 2024 | globenewswire.com

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

March 28, 2024 | finance.yahoo.com

3 Top Vanguard Mutual Funds to Build a Solid Portfolio

March 20, 2024 | wsj.com

Safe Bulkers Inc.

March 16, 2024 | finance.yahoo.com

Safe Bulkers' (NYSE:SB) investors will be pleased with their impressive 299% return over the last five years

March 15, 2024 | finance.yahoo.com

SB Oct 2024 5.000 put

March 7, 2024 | finance.yahoo.com

SB Jul 2024 4.000 call

March 6, 2024 | globenewswire.com

Safe Bulkers, Inc. Announces the Sale of Two Dry-bulk Vessels

February 29, 2024 | globenewswire.com

Safe Bulkers Announces Filing of 2023 Annual Report on Form 20-F

February 29, 2024 | investorplace.com

Wall Street Favorites: 7 Penny Stocks With Strong Buy Ratings for February 2024

February 27, 2024 | msn.com

Safe Bulkers raised, Flex LNG lowered at Jefferies with free cash flow at forefront

February 25, 2024 | msn.com

Safe Bulkers (SB) Price Target Increased by 5.54% to 4.37

February 24, 2024 | finance.yahoo.com

Here's What We Like About Safe Bulkers' (NYSE:SB) Upcoming Dividend

February 17, 2024 | 247wallst.com

These Are The Best Dividend Stocks, According to Wall Street

February 15, 2024 | investing.com

Safe Bulkers Inc Pc Pref (SB_pc)

February 15, 2024 | finance.yahoo.com

Safe Bulkers, Inc. (NYSE:SB) Just Beat EPS By 6.2%: Here's What Analysts Are Forecasting For This Year

February 14, 2024 | finance.yahoo.com

Safe Bulkers, Inc. (NYSE:SB) Q4 2023 Earnings Call Transcript

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: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Transportation
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
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: +25.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.62
Trailing P/E Ratio: 7.69
Forward P/E Ratio: 5.48
P/E Growth: N/A
Net Income: $77.35 million
Net Margins: 27.20%
Pretax Margin: 27.20%
Return on Equity: 9.05%
Return on Assets: 5.52%

Debt

Debt-to-Equity Ratio: 0.61
Current Ratio: 2.63
Quick Ratio: 2.33

Sales & Book Value

Annual Sales: $284.40 million
Price / Sales: 1.87
Cash Flow: $1.15 per share
Price / Cash Flow: 4.15
Book Value: $7.10 per share
Price / Book: 0.67

Miscellaneous

Outstanding Shares: 111,610,000
Free Float: 66,686,000
Market Cap: $532.38 million
Optionable: Optionable
Beta: 1.02

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Key Executives

Mr. Polys Hajioannou (Age 57)
Chairman & CEO
Dr. Loukas Barmparis (Age 61)
President, Secretary & Director
Mr. Konstantinos Adamopoulos (Age 61)
CFO, Treasurer & Director
Mr. Ioannis Foteinos (Age 65)
COO & Director

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SB Stock Analysis - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?: 1 Wall Street 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 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 Wall Street analysts have issued twelve-month target prices for Safe Bulkers' stock. Their SB share price targets range from $6.00 to $6.00. On average, they anticipate the company's stock price to reach $6.00 in the next twelve months. This suggests a possible upside of 24.7% 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 start of the year. Since then, SB shares have increased by 22.4% and is now trading at $4.81.
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 data on Tuesday, February, 13th. The shipping company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. The shipping company earned $82.29 million during the quarter, compared to the consensus estimate of $72.70 million. Safe Bulkers had a trailing twelve-month return on equity of 9.05% and a net margin of 27.20%. During the same period in the previous year, the firm earned $0.29 earnings per share.
How often does Safe Bulkers pay dividends? What is the dividend yield for Safe Bulkers?: Safe Bulkers declared a quarterly dividend on Monday, February 12th. Stockholders of record on Friday, March 1st will be given a dividend of $0.05 per share on Tuesday, March 19th. This represents a $0.20 dividend on an annualized basis and a yield of 4.16%. 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 4.25%. 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 50,203 shares of SB stock, representing 0.54% 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 institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.41%), Denali Advisors LLC (0.09%) and Counterpoint Mutual Funds LLC (0.02%).
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 4/19/2024 by MarketBeat.com Staff

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