Safe Bulkers: Idea For Income-Oriented Investors That Seek Upside Potential [Seeking Alpha]
Safe Bulkers, Inc ($0.001 par value) (SB)
Last safe bulkers, inc ($0.001 par value) earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
safebulkers.com/invest_stock.htm
Company Research
Source: Seeking Alpha
Follow Play 11min Summary Safe Bulkers employs nine vessels under spot charters and 38 under time charters. The mix between time and spot charters pays off. Net revenue grew by 11% yearly to $78.5 million in 2Q24. Higher day rates combined with more available days contributed to this increase. The company's valuation at 47% PNAV presents significant upside potential, supported by favorable dry bulk market fundamentals. Besides that, SB offers well-secured dividends. SB is a combination of growth and income. That said, I give Safe Bulkers a Strong Buy rating again. nielubieklonu/iStock via Getty Images Note: I previously covered SafeBulkers ( NYSE: SB ) in April 2024. In my note, I discussed company fleet specifications, financials, and dividends. At the time of publication, SB traded at 49% PNAV. Since then, its share price has retraced by 5.5%. SB is still one of my favorite dry bulk ideas. Today, I reviewed the 2Q24 earnings report, fleet changes, and the compan
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News
- Safe Bulkers Inc (SB) Q3 2024 Earnings Call Highlights: Strong Financial Performance Amid ... [Yahoo! Finance]Yahoo! Finance
- Safe Bulkers, Inc. Announces a Five Million Shares of Common Stock Repurchase ProgramGlobeNewswire
- Safe Bulkers (NYSE:SB) Has Affirmed Its Dividend Of $0.05 [Yahoo! Finance]Yahoo! Finance
- Safe Bulkers Third Quarter 2024 Earnings: EPS: US$0.22 (vs US$0.12 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Safe Bulkers, Inc. (NYSE: SB) had its "buy" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $6.00 price target on the stock.MarketBeat
SB
Earnings
- 11/13/24 - In-Line
SB
Sec Filings
- 11/18/24 - Form 6-K
- 11/14/24 - Form 6-K
- 10/4/24 - Form 6-K
- SB's page on the SEC website