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Safe Bulkers, Inc. (SB)

NYSE - NYSE Delayed Price. Currency in USD
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4.3500+0.1700 (+4.07%)
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Commodity Channel Index

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Previous Close4.1800
Open4.2100
Bid4.2900 x 1000
Ask4.3000 x 2900
Day's Range4.2000 - 4.3500
52 Week Range0.8200 - 4.4600
Volume2,241,312
Avg. Volume1,673,640
Market Cap473.606M
Beta (5Y Monthly)0.83
PE Ratio (TTM)70.16
EPS (TTM)0.0620
Earnings DateAug 02, 2021 - Aug 06, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateAug 14, 2015
1y Target Est4.70
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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Overvalued
-45% Est. Return
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  • Safe Bulkers, Inc. Announces Voluntary Prepayments of $21.2 million of Debt as Part of its Deleveraging Strategy
    GlobeNewswire

    Safe Bulkers, Inc. Announces Voluntary Prepayments of $21.2 million of Debt as Part of its Deleveraging Strategy

    MONACO, June 03, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that in the context of its deleveraging strategy the Company has voluntarily prepaid $21.2 million of debt. Dr. Loukas Barmparis, President of the Company commented: “The Company is accelerating its deleveraging strategy, by voluntarily prepaying debt with the objective of creating a clear path towards a modern, energy-efficie

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  • Safe Bulkers, Inc. Announces Upsizing of At-the-Market (ATM) Program
    GlobeNewswire

    Safe Bulkers, Inc. Announces Upsizing of At-the-Market (ATM) Program

    MONACO, May 26, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (NYSE: SB) (the “Company”), an international provider of marine drybulk transportation services, increased to $100.0 million the maximum aggregate dollar amount of shares of the Company’s common stock that may be sold under its previously announced at-the-market (“ATM”) program established on August 7, 2020 with DNB Markets. Inc. (“DNB”), as sales agent. On May 26, 2021, the Company filed a prospectus supplement in connection with an amendment to its previously disclosed Sales Agreement with DNB to increase the size of its at-the-market program pursuant to which the Company may now offer and sell, from time to time through DNB, shares of the Company’s common stock having an aggregate offering price up to $100.0 million. As of May 25, 2021, the Company has sold approximately 6,664,774 shares of common stock under the ATM and, as a result, shares of common stock with an aggregate offering price of up to approximately $78.8 million remain available for sale. About Safe Bulkers, Inc.The Company is an international provider of marine drybulk transportation services, 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’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively. Forward-Looking StatementsThis press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For further information please contact: Company Contact:Dr. Loukas BarmparisPresidentSafe Bulkers, Inc.Tel.: +30 2 111 888 400Fax: +30 2 111 878 500E-Mail: directors@safebulkers.com Investor Relations / Media Contact:Nicolas Bornozis, President Capital Link, Inc.230 Park Avenue, Suite 1536 New York, N.Y. 10169Tel.: (212) 661-7566Fax: (212) 661-7526E-Mail: safebulkers@capitallink.com