Safe Bulkers, Inc. provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. As of March 15, 2021, the company had a fleet of 43 drybulk vessels having an average age of 10.3 years; and an aggregate carrying capacity of 3,937,000 deadweight tons. Its fleet consisted of 15 Panamax class vessels, 10 Kamsarmax class vessels, 14 post- Panamax class vessels, and four Capesize class vessels. The company was incorporated in 2007 and is based in Monaco.
IPO Year: 2008
Exchange: NYSE
Website: safebulkers.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/27/2024 | $4.00 → $6.00 | Hold → Buy | Jefferies |
9/26/2022 | $5.00 → $4.00 | Buy → Hold | Jefferies |
7/21/2022 | $5.00 | Buy | Jefferies |
4/27/2022 | $4.50 | Hold | Jefferies |
9/13/2021 | $6.50 | Buy | H.C. Wainwright |
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
EFFECT - SAFE BULKERS, INC. (0001434754) (Filer)
F-3 - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
6-K - SAFE BULKERS, INC. (0001434754) (Filer)
MONACO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE:SB), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 5,000,000 shares of the Company's common stock. If the maximum number of shares of the Company's common stock are purchased pursuant to the aforementioned program, it would represent approximately 4.7% of the shares of the Company's common stock outstanding and 8.7% of its public float. The program does not obligate the Company to purchase shares of the Company's common stock and the program may be modified or terminated at
MONACO, Nov. 13, 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 nine month periods ended September 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ3 2024Q2 2024Q1 2024Q4 2023Q3 2023Nine Months 2024Nine Months 2023Net revenues75.978.581.782.364.7236.1202.1Net income25.127.625.327.615.078.049.7Adjusted Net income119.020.324.229.511.163.440.7EBITDA247.449.247.948.834.8144.5107.4Adjusted EB
The company has secured partnerships with major biogas suppliers, green methanol product offtakers, equipment and technology corporations, and a licensing agreement with MIT. Emvolon, an MIT spun-off technology company that converts greenhouse gas emissions into carbon-negative fuels and chemicals, today announced several commercial and technical milestones. Following its recent field pilot announcement with Montauk Renewables to demonstrate the benefits of converting biogas into green methanol, Emvolon has secured multiple new partnerships with biogas suppliers, green methanol product offtakers, and multinational equipment and technology companies. Additionally, Emvolon announced that MIT
Earnings Release: Wednesday, November 13, 2024, After Market Closes Conference Call and Webcast: Thursday, November 14, 2024, at 9:00 A.M. Eastern Time MONACO, Nov. 07, 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 third quarter ended September 30, 2024, after the market closes in New York on Wednesday, November 13, 2024. On Thursday, November 14, 2024, at 9:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minu
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: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024. Each dividend will be paid on October 30, 2024 to all sharehol
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. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
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. Financial highlights In million U.S. Dollars except per share dataQ2 2024Q1 2024Q4 2023Q3 2023Q2 2023Six Months 2024Six Months 2023Net revenues78.581.782.364.770.6160.2137.5Net income27.625.327.615.015.452.934.7Adjusted Net income120.324.229.511.115.344.529.5EBITDA249.247.948.834.834.497.172.6Adjusted EBITDA241.
Earnings Release: Monday, July 29, 2024, After Market Closes Conference Call and Webcast: Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time MONACO, July 22, 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 second quarter ended June 30, 2024, after the market closes in New York on Monday, July 29, 2024. On Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled t
MONACO, July 02, 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: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from April 30, 2024 to July 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from April 30, 2024 to July 29, 2024. Each dividend will be paid on July 30, 2024, to all shareholde
MONACO, June 27, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced today that its Board of Directors has called an annual meeting of the stockholders to be held on September 12, 2024, at 14:00 local time at the Fairmont Hotel, 12 Avenue des Spélugues, Monte Carlo, 98000 Monaco. Stockholders of record at the close of business on July 17, 2024 will be entitled to receive notice of, and to vote at, the annual meeting, or any adjournments or postponements thereof. Formal notice of the meeting and/or the Company's proxy statement will be sent to stockholders of the Company in due course.
Jefferies upgraded Safe Bulkers from Hold to Buy and set a new price target of $6.00 from $4.00 previously
Jefferies downgraded Safe Bulkers from Buy to Hold and set a new price target of $4.00 from $5.00 previously
Jefferies initiated coverage of Safe Bulkers with a rating of Buy and set a new price target of $5.00
Jefferies resumed coverage of Safe Bulkers with a rating of Hold and set a new price target of $4.50
H.C. Wainwright initiated coverage of Safe Bulkers with a rating of Buy and set a new price target of $6.50
Jefferies reiterated coverage of Safe Bulkers with a rating of Hold and set a new price target of $3.50 from $3.00 previously
Jefferies reiterated coverage of Safe Bulkers with a rating of Hold and set a new price target of $2.50 from $1.75 previously
Stifel upgraded Safe Bulkers from Hold to Buy and set a new price target of $3.00
Jefferies downgraded Safe Bulkers from Buy to Hold and set a new price target of $1.75 from $1.50 previously
https://13f.info/13f/000090514824001390-scion-asset-management-llc-q1-2024
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Safe Bulkers (NYSE:SB) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.17 by 47.06 percent. This is a 13.79 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $82.29 million which beat the analyst consensus estimate of $74.54 million by 10.40 percent. This is a 5.04 percent decrease over sales of $86.66 million the same period last year.
Companies Reporting Before The Bell • Beasley Broadcast Group (NASDAQ:BBGI) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million. • Trimble (NASDAQ:TRMB) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million. • Monday.Com (NASDAQ:MNDY) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million. • Alexander's (NYSE:ALX) is projected to report earnings for its fourth quarter. Companies Reporting After The Bell • Cemtrex (NASDAQ:CETX) is estimated to report earnings for its first quarter. • Star Bulk Carriers (NASDAQ:SBLK) is projected to report quarterly earnings at $0.73 per share on reve
MONACO, Nov. 13, 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 nine month periods ended September 30, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Financial highlights In million U.S. Dollars except per share dataQ3 2024Q2 2024Q1 2024Q4 2023Q3 2023Nine Months 2024Nine Months 2023Net revenues75.978.581.782.364.7236.1202.1Net income25.127.625.327.615.078.049.7Adjusted Net income119.020.324.229.511.163.440.7EBITDA247.449.247.948.834.8144.5107.4Adjusted EB
Earnings Release: Wednesday, November 13, 2024, After Market Closes Conference Call and Webcast: Thursday, November 14, 2024, at 9:00 A.M. Eastern Time MONACO, Nov. 07, 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 third quarter ended September 30, 2024, after the market closes in New York on Wednesday, November 13, 2024. On Thursday, November 14, 2024, at 9:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minu
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: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from July 30, 2024 to October 29, 2024. Each dividend will be paid on October 30, 2024 to all sharehol
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. Financial highlights In million U.S. Dollars except per share dataQ2 2024Q1 2024Q4 2023Q3 2023Q2 2023Six Months 2024Six Months 2023Net revenues78.581.782.364.770.6160.2137.5Net income27.625.327.615.015.452.934.7Adjusted Net income120.324.229.511.115.344.529.5EBITDA249.247.948.834.834.497.172.6Adjusted EBITDA241.
Earnings Release: Monday, July 29, 2024, After Market Closes Conference Call and Webcast: Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time MONACO, July 22, 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 second quarter ended June 30, 2024, after the market closes in New York on Monday, July 29, 2024. On Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled t
MONACO, July 02, 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: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from April 30, 2024 to July 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from April 30, 2024 to July 29, 2024. Each dividend will be paid on July 30, 2024, to all shareholde
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. Financial highlights In million U.S. Dollars except per share dataQ1 2024Q4 2023Q3 2023Q2 2023Q1 2023Net revenues81.782.364.770.6 66.8 Net income 25.3 27.615.015.4 19.3 Adjusted Net income1 24.2 29.511.115.3 14.2 EBITDA2 47.9 48.834.834.4 38.2 Adjusted EBITDA 2 46.8 50.730.9
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. On Tuesday, April 30, 2024, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes b
MONACO, April 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: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the "Series C Preferred Shares") (NYSE:SB) for the period from January 30, 2024 to April 29, 2024;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the "Series D Preferred Shares") (NYSE:SB) for the period from January 30, 2024 to April 29, 2024. Each dividend will be paid on April 30, 2024 to all shareho
MONACO, March 06, 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 two separate agreements, for the sale of MV Panayiota K, a 2010-built Post-Panamax class dry-bulk vessel, at a gross sale price of $20.45 million and delivery date in April 2024 and of MV Paraskevi 2, a 2011-built, Panamax class, dry-bulk vessel, at a gross sale price of $20.3 million and forward delivery date in July 2024. Dr. Loukas Barmparis, President of the Company commented: "Following recent newbuild orders, in the context of our fleet renewal strategy, we sold these two vessels in an imp
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. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
MONACO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of three Class III directors at the Company's annual meeting of stockholders held in Monaco today. Konstantinos Adamopoulos, Kristin H. Holth and Frank Sica were elected Class III directors. The Class III directors were elected to hold office for a term ending at the annual meeting of stockholders in 2026 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for
MONACO, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine drybulk transportation services, announced the election of two Class II directors at the Company's annual meeting of stockholders held in Monaco today. Loukas Barmparis and Christos Megalou were elected Class II directors. The Class II directors were elected to hold office for a term ending at the annual meeting of stockholders in 2025 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal year ending De
MONACO, Sept. 14, 2021 (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 Athens today. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2024 and until their respective successors have been duly elected and qualified. Stockholders also ratified the appointment of Deloitte, Certified Public Accountants S.A. as the Company's independent auditors for the fiscal ye
MONACO, Jan. 08, 2021 (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: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from October 30, 2020 to January 29, 2021; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: SB.PR.D) for the period from October 30, 2020 to January 29, 2021. Each dividend will be paid on February 1,