Safe Bulkers

Safe Bulkers, Inc. provides international marine drybulk transportation services. The firm offers transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The company was founded on December 11, 2007 and is headquartered in Les Acanthes, Monaco.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Safe Bulkers reports stable Q1 earnings amidst market challenges

Safe Bulkers delivered solid financial performance in Q1 2023, emphasizing stability and profitability. The company faces challenges in the aging fleet and uncertain newbuild market but remains focused on sustainable fleet strategies. Opportunities lie in market recovery, global demand growth, and strategic investments in scrubbers and fleet expansion.

Safe Bulkers adapts to market challenges, emphasizes sustainability initiatives

Safe Bulkers navigated a challenging market environment in Q2 2023, focusing on financial stability, operational efficiency, and strategic investments.
The company's strong liquidity, capital structure, and contracted revenues provide a solid foundation for growth and adaptation to industry changes.
While facing market volatility and economic uncertainties, Safe Bulkers remains resilient, emphasizing environmental upgrades and seizing opportunities for expansion.

Safe Bulkers reports Q3 decline, eyes growth amid economic challenges

Safe Bulkers navigated Q3 2023 with resilience amid global economic uncertainties, reporting lower adjusted EBITDA but increased contracted revenue.
The company's strategic focus on environmental competitiveness and shareholder value distribution strengthens its position in the market.
While facing challenges from economic headwinds, Safe Bulkers maintains financial stability and eyes growth opportunities in the drybulk sector.

Safe Bulkers reports strong Q4 performance amidst market opportunities

Safe Bulkers' Q4 2023 earnings call highlighted solid financial performance, market insights, and global economic projections.
The company's strengths lie in strong liquidity, operational efficiency, and strategic financial planning for future growth.
Challenges include market volatility, regulatory uncertainties, and strategic decision-making amidst changing economic conditions.
Opportunities for Safe Bulkers include leveraging its financial strength for growth initiatives and capitalizing on positive market conditions.

Safe Bulkers reports strong Q1 performance and eyes growth opportunities

Safe Bulkers' Q1 2024 earnings call showcased a strong performance, emphasizing fleet modernization and market updates. The company faces challenges in optimizing capital allocation and managing operating expenses but has opportunities for growth through fleet renewal and market exploration.

Safe Bulkers reports strong Q2 earnings, eyes sustainability initiatives

Safe Bulkers delivered a strong performance in Q2 2024 with increased revenues and solid liquidity.
The company's focus on sustainability and fleet upgrades positions it well for long-term success.
Challenges in investing in Capesize vessels and market dynamics require careful navigation for future growth.

Safe Bulkers reports resilient Q3 performance amidst market challenges

Safe Bulkers navigated market challenges well in Q3, leveraging its strong fleet and financial position. While facing uncertainties, the company remains well-positioned for growth and compliance with environmental standards.

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MONACO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of MV Pedhoulas Cherry, a 2015 Chinese-built, Kamsarmax class, dry-bulk vessel at a gross sale price of $26.6 million and an estimated forward delivery in January to February 2024.

Safe Bulkers, Inc. Announces Sale of a 2015-built Kamsarmax Class Dry-bulk Vessel

MONACO, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced that it has formed a new Board of Directors committee on Environmental, Social and Governance (the “ESG Committee”).

Safe Bulkers, Inc. Announces the Formation of a Board of Directors Committee on Environmental, Social and Governance

Safe Bulkers, Inc. (NYSE:SB ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Polys Hajioannou - Chairman & Chief Executive Officer Conference Call Participants Climent Molins - Value Investor's Edge Operator Thank you for standing by ladies and gentlemen, and welcome to the Safe Bulkers Conference Call to discuss the Third Quarter 2023 Financial Results. Today, we have with us Mr.

Safe Bulkers, Inc. (SB) Q3 2023 Earnings Call Transcript

MONACO, Nov. 07, 2023 (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, 2023. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.

Safe Bulkers, Inc. Reports Third Quarter and Nine Months 2023 Results and Declares Dividend on Common Stock

Earnings Release: Tuesday, November 7, 2023, After Market Closes Conference Call and Webcast: Wednesday, November 8, 2023, at 9:00 A.M. Eastern Time MONACO, Nov. 02, 2023 (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, 2023, after the market closes in New York on Tuesday, November 7, 2023.

Safe Bulkers, Inc. Sets Date for the Third Quarter 2023 Results, Conference Call and Webcast

Safe Bulkers is a dry bulk shipping company equipped with a modern fleet and is positioned to take advantage of the volatile dry bulk market. With a solid market positioning and an eye on 2024, Safe Bulkers holds significant potential for value with 76% of its fleet available for deployment on the spot market. The company presents an attractive investment opportunity in the dry bulk space, with a compelling 38% upside potential. I believe the SB stock is a 'Buy' for value-seeking investors.

Safe Bulkers: A Dry Bulk Shipping Value Opportunity

MONACO, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that in relation to its ESG strategy, has entered into contracts for the acquisition of two dual-fueled, 81,200 dwt, Kamsarmax class dry-bulk vessels, at attractive prices with scheduled delivery dates in the fourth quarter of 2026 for the first vessel, and in the first quarter of 2027 for the second vessel.

Safe Bulkers, Inc. Announces Contracts for the Acquisition of Two Dual-Fueled Kamsarmax Class Newbuild Vessels

In late July, Safe Bulkers reported sequentially improved second quarter results. The company recorded Adjusted EBITDA of $34.3 million and generated $28.6 million in cash from operating activities. Safe Bulkers declared its seventh consecutive quarterly cash dividend of $0.05 per share but suspended its share repurchase program for the time being. Considering the weaker-than-anticipated charter rate environment so far in Q3, I would expect the company's average daily TCE rate to be down sequentially with a resulting impact on cash generation.

Safe Bulkers: Buy On Solid Operating Performance And Discounted Valuation

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.

Safe Bulkers, Inc. Announces Results of 2023 Annual Meeting of Stockholders

Safe Bulkers reports resilient Q2 2023 financial results despite a weakened chartering market, due to economic growth uncertainties. The growing fleet and solid balance sheet present a solid foundation for growth. Safe Bulkers declares a dividend of $0.05 per share of common stock, reflecting a strong balance sheet and commitment to return capital to shareholders.

Safe Bulkers: A Hold Until Waters Settle

MONACO, July 26, 2023 (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, 2023. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.

Safe Bulkers, Inc. Reports Second Quarter 2023 Results and Declares Dividend on Common Stock

MONACO, July 26, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's 2022 Sustainability Report is available for download and can be accessed from its website using the link provided below.

Safe Bulkers, Inc. Announces Availability of 2022 Sustainability Report

Earnings Release: Wednesday, July 26, 2023, After Market Closes Conference Call and Webcast: Thursday, July 27, 2023, at 10:00 A.M. Eastern Time MONACO, July 21, 2023 (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, 2023, after the market closes in New York on Wednesday, July 26, 2023.

Safe Bulkers, Inc. Sets Date for the Second Quarter 2023 Results, Conference Call and Webcast

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Prior to June 30, 2023, my readers mentioned 42 equities in their comments on my articles. Some bad-news investments (Rogues) mixed with (mostly) Favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: GGB, PFE, VFC, SB, GSL, BTI, PDM, PBR, SBSW, and IPOOF, averaged 65.57% net gains from reader data collected 7/17/23. Ten analyst-target-augured June TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: BRSP, GGB, PFE, VFC, SB, PDM, BPI, GSL, SBSW, & IPOOF boasting a 55.56% average target price upside estimate.

Readers Reveal 30 June Dividend Buys

MONACO, June 26, 2023 (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 7, 2023, at 16:00 local time at the Fairmont Hotel, 12 Avenue des Spélugues, Monte Carlo, 98000 Monaco.

Safe Bulkers Announces Annual Meeting of Stockholders

Initiating coverage of Safe Bulkers, a leading dry bulk shipper focused on the larger vessel classes. The company is effectively controlled by CEO and Chairman Polys Haji-Ioannou, a Cypriot billionaire and shipping magnate. Last month, Safe Bulkers reported seasonally weaker first quarter results but still managed to generate a decent amount of cash from operations.

Safe Bulkers: A Decent Value In The Dry Bulk Space - Buy

MONACO, May 23, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has authorized a new 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 4.5% of the shares of the Company's common stock outstanding and 8.1% of its public float.

Safe Bulkers, Inc. Announces a New Five Million Shares of Common Stock Repurchase Program

Safe Bulkers, Inc. remains stable despite its revenue and margin contraction. Its sound financial positioning is still one of its sturdy foundations.

Safe Bulkers: Sailing With Security Amidst The Stormy Market

Safe Bulkers, Inc. (NYSE:SB ) Q1 2023 Earnings Conference Call May 11, 2023 10:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - CFO Polys Hajioannou - Chairman and CEO Conference Call Participants Chris Wetherbee - Citigroup Omar Nokta - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to the Safe Bulkers conference call to discuss the First Quarter 2023 Financial Results. Today, we have with us Mr.

Safe Bulkers, Inc. (SB) Q1 2023 Earnings Call Transcript

MONACO, May 10, 2023 (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 period ended March 31, 2023. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.

Safe Bulkers, Inc. Reports First Quarter 2023 Results and Declares Dividend on Common Stock

Earnings Release: Wednesday, May 10, 2023, After Market Closes Conference Call and Webcast: Thursday, May 11, 2023, at 10:00 A.M. Eastern Time MONACO, May 05, 2023 (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, 2023, after the market closes in New York on Wednesday, May 10, 2023.

Safe Bulkers, Inc. Sets Date for the First Quarter 2023 Results, Conference Call and Webcast

Safe Bulkers (NYSE: SB) stock price has done well in 2023 even as the shipping industry goes through a difficult period as prices drop. The stock has jumped by more than 25% this year and is hovering near the highest point since August last year.

Safe Bulkers stock recovery stalls as commodity prices sink

Based on SB's attractive valuation and strong financial position, I anticipate that the stock will continue to outperform, not only meeting but potentially exceeding market expectations. The prospects for dry bulk shipping are showing a significant improvement, with the demand side expected to be the driving force for the foreseeable future.

Safe Bulkers Common And Preferred Stocks Should Satisfy Your Needs

MONACO, March 20, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (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 4.3% of the shares of the Company's common stock outstanding and 6.6% of its public float.

Safe Bulkers, Inc. Announces Common Stock Repurchase Program

MONACO, March 14, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the sale of a Kamsarmax MV Efrossini, a 2012 Japanese-built, Panamax class, dry-bulk vessel at a gross sale price of $22.5 million and forward delivery date within June 2023.

News for Safe Bulkers Stock (SB)