NYSE:SB

Safe Bulkers (SB) Stock Price, News & Analysis

$5.19
+0.07 (+1.37%)
(As of 05/3/2024 ET)
Today's Range
$5.11
$5.20
50-Day Range
$4.49
$5.19
52-Week Range
$2.97
$5.24
Volume
433,104 shs
Average Volume
511,160 shs
Market Capitalization
$579.26 million
P/E Ratio
7.63
Dividend Yield
3.85%
Price Target
$6.00

Safe Bulkers MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
15.6% Upside
$6.00 Price Target
Short Interest
Healthy
3.86% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.84
Upright™ Environmental Score
News Sentiment
0.54mentions of Safe Bulkers in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.79%
From $0.86 to $0.97 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.

4.77 out of 5 stars

Transportation Sector

9th out of 112 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

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Safe Bulkers (NYSE:SB) Upgraded to Buy at StockNews.com
Safe Bulkers: Q1 Earnings Snapshot
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Safe Bulkers (SB) Scheduled to Post Earnings on Monday
Safe Bulkers (SB) Gets a Buy from Cleaves Securities
3 Top Vanguard Mutual Funds to Build a Solid Portfolio
Safe Bulkers Inc.
SB Oct 2024 5.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 3/19 Dividend
2/29/2024
Dividend Payable
3/19/2024
Last Earnings
4/30/2024
Today
5/05/2024
Ex-Dividend for 5/30 Dividend
5/16/2024
Dividend Payable
5/30/2024
Next Earnings (Estimated)
7/24/2024
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
+15.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$77.35 million
Pretax Margin
27.85%

Debt

Sales & Book Value

Annual Sales
$284.40 million
Cash Flow
$1.14 per share
Book Value
$7.07 per share

Miscellaneous

Free Float
66,686,000
Market Cap
$579.26 million
Optionable
Optionable
Beta
0.99
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SB Stock Analysis - Frequently Asked Questions

Should I buy or sell Safe Bulkers stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Safe Bulkers in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 brokers have issued 12 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 year. This suggests a possible upside of 15.6% 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 stock has increased by 32.1% and is now trading at $5.19.
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, July 24th 2024.
View our SB earnings forecast
.

How were Safe Bulkers' earnings last quarter?

Safe Bulkers, Inc. (NYSE:SB) announced its quarterly earnings results on Tuesday, April, 30th. The shipping company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.01. The shipping company had revenue of $81.67 million for the quarter. Safe Bulkers had a trailing twelve-month return on equity of 10.29% and a net margin of 27.85%. During the same period in the prior year, the business earned $0.10 earnings per share.

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

Safe Bulkers announced a quarterly dividend on Monday, April 29th. Shareholders of record on Friday, May 17th will be paid a dividend of $0.05 per share on Thursday, May 30th. This represents a $0.20 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, May 16th.
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 3.85%. The dividend payout ratio is 29.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SB will have a dividend payout ratio of 20.62% 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 51,838 shares of SB stock, representing 0.57% 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 a variety of institutional and retail investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.41%), Denali Advisors LLC (0.09%), BNP Paribas Financial Markets (0.06%), Principal Financial Group Inc. (0.05%), Arkadios Wealth Advisors (0.05%) 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 5/5/2024 by MarketBeat.com Staff

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