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

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Earnings data Q3 2023

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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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Searching for value stocks based on reading and studying Benjamin Graham's classics on the subject, an investor would be searching for specific criteria before doing further diligence on an investing opportunity. Is it trading near or below book value?

Safe Bulkers: A Value Stock in a Cyclical Upswing

Safe Bulkers, Inc.'s (SB) CEO Polys Hajioannou on Q4 2021 Results - Earnings Call Transcript

Safe Bulkers (SB) delivered earnings and revenue surprises of -2.50% and 0.90%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Safe Bulkers (SB) Lags Q4 Earnings Estimates

MONACO, March 09, 2022 (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 twelve months periods ended December 31, 2021. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of common stock.

Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2021 Results and Declares Dividend on Common Stock

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Earnings Release: Wednesday, March 9, 2022, After Market Closes

Safe Bulkers, Inc. Sets Date for the Fourth Quarter & Year End 2021 Results, Conference Call and Webcast

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Safe Bulkers (SB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Safe Bulkers (SB) to Report Q4 Results: Wall Street Expects Earnings Growth

MONACO, Feb. 11, 2022 (GLOBE NEWSWIRE) -- Safe Bulkers Inc. (the “Company”) (NYSE: SB) announced today that its wholly owned subsidiary, Safe Bulkers Participations Plc, has successfully priced its previously announced offering of €100 million of unsecured bonds (the “Bonds”) to be listed on the Athens Exchange (“ATHEX”). The Bonds have a coupon of 2.95% payable semi-annually. The Bonds are guaranteed by the Company and will mature in 2027. The trading of the Bonds on the ATHEX is expected to commence on February 14, 2022 under the ticker symbol SBB1.

Safe Bulkers Inc. Announces Pricing of €100 Million Unsecured Bonds

MONACO, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Safe Bulkers Inc. (the “Company”) (NYSE: SB) announced today that its wholly owned subsidiary, Safe Bulkers Participations Plc (the “Issuer”), plans to launch a public offer in Greece of up to €100 million of unsecured bonds (the “Bonds”), which will be admitted to trading in the category of fixed income securities of the Regulated Market of the Athens Exchange (Greece).

Safe Bulkers Inc. Announces Offering of Unsecured Bonds on the Athens Stock Exchange

Shares are cheap due to the dry bulk market seasonality, amplified by external factors.

Safe Bulkers: 3 Reasons Why It's Cheap

MONACO, Jan. 25, 2022 (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 acquisition of a 2014-built, Japanese, dry-bulk, 181,000 dwt, Capesize class vessel, to be named MV Maria, with a scheduled delivery date within February 2022. The vessel will be acquired at a purchase price of $33.8 million and will be financed from the cash reserves of the Company.

Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Capesize Class Dry-bulk Japanese Vessel

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MONACO, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company has entered into a new credit facility of $100.0 million with a five-year tenor secured with six vessels, comprising of a term loan tranche of $50.0 million and a reducing revolving credit facility tranche providing for a draw down capacity of up to $50.0 million reducing from its third year onwards. This agreement represents the Company's second sustainability linked credit facility and incorporates incentive discount or increase on interest rate, linked to independently verified pre-determined emission targets.

Safe Bulkers, Inc. Enters into Second Sustainability-linked Credit Facility of $100 Million to Refinance Existing Loan Facilities

Safe Bulkers Inc (NYSE: SB) has agreed to acquire a Japanese dry-bulk 82,000 dwt, Kamsarmax class vessel, with delivery scheduled for 4Q23. Financial terms were not disclosed.

Safe Bulkers Orders One Newbuild Kamsarmax Class Japanese Vessel

MONACO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into agreement for the acquisition of a Japanese dry-bulk 82,000 dwt, Kamsarmax class vessel with scheduled delivery date within the fourth quarter of 2023.

Safe Bulkers, Inc. Entered into an Agreement for the Acquisition of One Kamsarmax Class Dry-bulk Japanese Vessel

The heavy selling pressure might have exhausted for Safe Bulkers (SB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Here's Why Safe Bulkers (SB) is Poised for a Turnaround After Losing 26.7% in 4 Weeks

The company plays it safe with the majority of its vessels performing on time charter contracts. They significantly reduced their debt and their available liquidity. A dividend may be on the cards in the following quarters, should favorable market conditions continue.

Playing It Safe With Safe Bulkers

Safe Bulkers, Inc. (SB) Management on Q3 2021 Results - Earnings Call Transcript

Safe Bulkers (SB) delivered earnings and revenue surprises of 2.56% and 6.10%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Safe Bulkers (SB) Q3 Earnings and Revenues Surpass Estimates

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Why Shares of Star Bulk Carriers and Safe Bulkers Dropped Today

Improved market conditions are likely to have boosted revenues in the September quarter at Safe Bulkers (SB).

News for Safe Bulkers Stock (SB)