Last $4.05 USD
Change Today 0.00 / 0.00%
Volume 0.0
SB On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

safe bulkers inc (SB) Snapshot

Open
$4.15
Previous Close
$4.06
Day High
$4.20
Day Low
$3.96
52 Week High
03/7/14 - $11.48
52 Week Low
12/18/14 - $3.96
Market Cap
337.9M
Average Volume 10 Days
680.4K
EPS TTM
$0.46
Shares Outstanding
83.4M
EX-Date
11/19/14
P/E TM
8.7x
Dividend
$0.16
Dividend Yield
5.43%
Current Stock Chart for SAFE BULKERS INC (SB)

safe bulkers inc (SB) Related Businessweek News

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safe bulkers inc (SB) Details

Safe Bulkers, Inc. provides marine dry bulk transportation services worldwide. It is involved in the acquisition, ownership, and operation of dry bulk vessels for transporting bulk cargoes, primarily coal, grain, and iron ore. The company’s subsidiaries own 32 dry bulk vessels, with an aggregating carrying capacity of 2.9 million deadweight tons. Its fleet consists of Panamax, Kamsarmax, Post-Panamax, and Capesize class vessels. As of July 28, 2014, the company’s average age of the fleet was 5.6 years. Safe Bulkers, Inc. was incorporated in 2007 and is based in Athens, Greece.

5 Employees
Last Reported Date: 03/5/14
Founded in 2007

safe bulkers inc (SB) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

safe bulkers inc (SB) Key Developments

Safe Bulkers, Inc. Declares Cash Dividend for the Third Quarter of 2014, Payable on or About December 5, 2014; Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014

Safe Bulkers, Inc. announced unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net revenue was $36,516,000 against $41,880,000 a year ago. Operating income was $3,214,000 against $15,445,000 a year ago. Net income was $1,478,000 against $11,595,000 a year ago. Net loss available to common shareholders was $2,072,000 or 0.02 per share against net income of $10,777,000 or $0.14 per share a year ago. Adjusted net income was $955,000 against $13,078,000 a year ago. Adjusted EBITDA was $13,902,000 against $24,841,000 a year ago. Adjusted loss per share was $0.03 against earnings per share of $0.16 a year ago. For the nine months, net revenue was $115,037,000 against $127,549,000 a year ago. Operating income was $23,103,000 against $58,968,000 a year ago. Net income was $14,782,000 against $52,239,000 a year ago. Net income available to common shareholders was $8,942,000 or 0.11 per share against $51,270,000 or $0.67 per share a year ago. Adjusted net income was $12,799,000 against $44,109,000 a year ago. Adjusted EBITDA was $51,305,000 against $78,854,000 a year ago. Adjusted earnings per share were $0.08 against $0.56 a year ago. For the quarter, the company reported fleet utilization of 99.1% compared to 99.3% a year ago. Average number of vessels in the period was 31.05 compared to 27.43 a year ago. Time charter equivalent rate was $10,736 compared to $15,264 a year ago. For the nine months, the company reported fleet utilization of 99.0% compared to 98.8% a year ago. Average number of vessels in the period was 30.64 compared to 26.14 a year ago. Time charter equivalent rate was $12,062 compared to $16,769 a year ago. The board of directors of company declared a cash dividend on the company's common stock of $0.04 per share payable on or about December 5, 2014 to shareholders of record at the close of trading of the company's common stock on the New York Stock Exchange on November 21, 2014.

Safe Bulkers, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Safe Bulkers, Inc., Q3 2014 Earnings Call, Nov 06, 2014

Safe Bulkers, Inc. to Report Q3, 2014 Results on Nov 05, 2014

Safe Bulkers, Inc. announced that they will report Q3, 2014 results After-Market on Nov 05, 2014

 

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SB Competitors

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Company Last Change
Eagle Bulk Shipping Inc $14.00 USD +0.25
Global Ship Lease Inc $4.27 USD +0.25
Golden Ocean Group Ltd 5.28 NOK +0.105
Knightsbridge Shipping Ltd $4.34 USD +0.23
Scorpio Bulkers Inc $1.93 USD -0.02
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Industry Analysis

SB

Industry Average

Valuation SB Industry Range
Price/Earnings 8.6x
Price/Sales 1.9x
Price/Book 0.5x
Price/Cash Flow 3.9x
TEV/Sales NM Not Meaningful
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