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Safe Bulkers declares $0.05 dividend (NYSE:SB)
Seeking Alpha· 2025-11-26 06:37
Core Insights - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] Group 1 - The article suggests that users may face blocks if they have ad-blockers enabled [1]
Safe Bulkers, Inc. (NYSE:SB) Earnings Report Analysis
Financial Modeling Prep· 2025-11-26 06:00
Core Insights - Safe Bulkers, Inc. reported an earnings per share (EPS) of $0.12, missing the expected $0.18, with revenue at $73.08 million, slightly below the forecast of $73.1 million [1][6] Financial Metrics - The company maintains a price-to-earnings (P/E) ratio of approximately 9.38, indicating potential undervaluation relative to its earnings [2][6] - The price-to-sales ratio stands at about 1.80, reflecting the market value in comparison to its sales [2] - The enterprise value to sales ratio is around 3.37, helping investors understand the company's total value relative to its sales [3] - The enterprise value to operating cash flow ratio is approximately 12.37, providing insight into the company's valuation compared to its cash flow [3] - The debt-to-equity ratio is approximately 0.68, suggesting a conservative financing approach [4] - The current ratio of about 1.70 indicates the company's capability to cover its short-term liabilities with its short-term assets [4] Shareholder Returns - The Board of Directors declared a cash dividend of $0.05 per share for its outstanding common stock, reflecting the company's commitment to returning value to shareholders [5][6] - The earnings yield is about 10.66%, offering a return on investment relative to its earnings, appealing to income-seeking investors [5]
Safe Bulkers, Inc. Reports Third Quarter 2025 Results and Declares Dividend on Common Stock
Globenewswire· 2025-11-25 21:05
Core Viewpoint - Safe Bulkers, Inc. reported its unaudited financial results for Q3 and the first nine months of 2025, highlighting a decrease in net revenues and net income compared to the same periods in 2024, while also declaring a cash dividend of $0.05 per share [1][38]. Financial Highlights - Net revenues for Q3 2025 were $73.1 million, a decrease of 4% from $75.9 million in Q3 2024 [2]. - Net income for Q3 2025 was $17.8 million, down from $25.1 million in Q3 2024 [2]. - Adjusted net income for Q3 2025 was $13.9 million, compared to $19.0 million in Q3 2024 [2]. - EBITDA for Q3 2025 was $40.1 million, down from $47.4 million in Q3 2024 [2]. - Earnings per share for Q3 2025 were $0.15, compared to $0.22 in Q3 2024 [2]. Average Daily Results - The average time charter equivalent (TCE) rate for Q3 2025 was $15,507, compared to $17,108 in Q3 2024 [3]. - Daily vessel operating expenses for Q3 2025 were $5,104, a decrease from $5,311 in Q3 2024 [3]. - Daily general and administrative expenses increased to $1,762 in Q3 2025 from $1,680 in Q3 2024 [3]. Selected Financial Highlights - Total cash as of Q3 2025 was $123.9 million, down from $135.9 million in Q4 2024 [8]. - Total debt as of Q3 2025 was $516.3 million, compared to $489.8 million in Q3 2024 [8]. - The number of vessels at the end of Q3 2025 was 45, consistent with Q3 2024 [8]. Management Commentary - The President of the Company noted the impact of geopolitical factors on market volatility and the ongoing fleet renewal strategy, including the sale of older vessels [12]. - The Company is focused on aligning its financing with sustainability goals through a new $75 million sustainability-linked credit facility [14]. Fleet Update - As of November 21, 2025, the fleet consisted of 45 vessels with an average age of 10.3 years [18]. - The Company has an orderbook of six newbuilds, including two methanol dual-fueled vessels scheduled for delivery in 2026 and 2027 [19]. Vessel Sales - The Company sold two Kamsarmax class vessels in 2025 for gross sale prices of $12.5 million and $11.5 million, respectively, as part of its fleet renewal strategy [20][21]. Chartering Strategy - The Company employs its vessels under both period time charters and spot time charters, with a focus on maintaining flexibility in low charter market conditions [22]. - As of November 21, 2025, the Company had contracted revenue of approximately $153.5 million from its charter contracts [23]. Debt and Liquidity - As of September 30, 2025, the Company had a consolidated debt of $525.0 million and a consolidated leverage of approximately 35% [26]. - The Company had $123.9 million in cash and $266.5 million in undrawn borrowing capacity as of September 30, 2025 [32]. Dividend Policy - The Board declared a cash dividend of $0.05 per share, payable on December 19, 2025 [38].
Safe Bulkers, Inc. Sets Date for the Third Quarter 2025 Results, Conference Call, and Webcast
Globenewswire· 2025-11-19 21:05
Core Viewpoint - Safe Bulkers, Inc. is set to release its third-quarter financial results for the period ending September 30, 2025, after market close on November 25, 2025, followed by a conference call on November 26, 2025, at 10:00 A.M. Eastern Time [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes for major users of these services [6]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" respectively [6]. Conference Call Details - The conference call will be hosted by the company's management team to discuss the financial results, with participants advised to dial in 10 minutes prior to the scheduled time using specific toll-free numbers [2][3]. - An alternative registration option is available for participants to join the call more quickly [4]. Webcast Information - A live and archived webcast of the conference call, along with accompanying slides, will be accessible through the company's website [5]. Participants are encouraged to register approximately 10 minutes before the webcast starts [5].
Big Tech Earnings, Powell Casts Doubt on Rate Cuts | Closing Bell
Youtube· 2025-10-29 21:52
Group 1: Market Overview - The trading day is concluding with mixed results across major indices, with the Dow Jones down over 70 points, while the Nasdaq is up about 130 points, marking a 0.6% increase [7] - The S&P 500 is expected to end the day in the red, indicating no record high for the index [7] - The Russell 2000 index is also down by 0.9%, reflecting a broader trend of losses among smaller companies [8] Group 2: Earnings Reports - Major tech companies such as Microsoft and Alphabet are set to report earnings, alongside other firms like Carvana, Starbucks, and Chipotle [6] - Alphabet reported earnings per share (EPS) of $2.87, exceeding the expected $2.26, with revenue also beating estimates at approximately $99.9 billion [13][14] - Microsoft reported first-quarter revenue of $77.67 billion, surpassing the estimate of $75.55 billion, but shares fell about 4% in after-hours trading [17][20] Group 3: Sector Performance - The technology sector managed to finish in the green, up by about 1%, with Nvidia achieving a historic market cap of $5 trillion [8][10] - Energy and industrial sectors faced challenges, while real estate dropped by 2.7% due to rising yields following comments from Jerome Powell [9] - Teradyne, a semi-manufacturing company, saw a significant gain of 20% in its stock price after reporting strong third-quarter results [11] Group 4: Company-Specific Highlights - Meta Platforms reported third-quarter ad revenue of $50 billion, beating expectations, but shares fell by over 7% due to a significant non-cash income tax charge of $5.93 billion [24][25][26] - Starbucks reported fourth-quarter net revenue of $9.6 billion, above estimates, but adjusted earnings per share fell short at $0.52 [21][22] - eBay's fourth-quarter net revenue guidance was raised, but shares dropped nearly 9% due to disappointing performance [32]
Safe Bulkers Stock Stays Afloat Amid The Stormy Market Environment (NYSE:SB)
Seeking Alpha· 2025-10-15 10:17
Core Insights - The logistics sector has seen significant engagement from investors, particularly in the ASEAN and US markets, highlighting its growth potential and diversification opportunities [1] - The popularity of insurance companies in the Philippines since 2014 has influenced investment strategies, leading to a broader portfolio that includes various industries and market capitalizations [1] - The entry into the US market in 2020 has allowed for comparative analysis between US and ASEAN markets, particularly in sectors like banking, hotels, and logistics [1] Investment Strategies - Initial investments were focused on blue-chip companies, but the strategy has evolved to include a mix of holdings for retirement and trading profits [1] - The encouragement to diversify investments beyond traditional savings in banks and properties has led to a more dynamic investment approach [1] - The use of platforms like Seeking Alpha has facilitated knowledge sharing and enhanced market awareness, particularly for newer investors in the US market [1] Market Focus - The primary sectors of interest include banking, telecommunications, logistics, and hotels, indicating a strategic focus on essential services and infrastructure [1] - The logistics industry is particularly emphasized, reflecting its critical role in both ASEAN and US markets [1] - The ongoing analysis of market trends and company performance in these sectors is crucial for informed investment decisions [1]
Safe Bulkers, Inc. to Participate in Capital Link's 17th Annual New York Maritime Forum on October 14, 2025
Globenewswire· 2025-10-07 20:05
Core Points - Safe Bulkers, Inc. announced participation in the 17th Annual New York Maritime Forum on October 14, 2025 [1] - The company will hold one-on-one investor meetings during the event [2] - Safe Bulkers is an international provider of marine drybulk transportation services, focusing on transporting coal, grain, and iron ore [3] Company Overview - Safe Bulkers, Inc. operates in the marine drybulk transportation sector, serving major users of these services globally [3] - The company's common stock and preferred stock are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [3]
Safe Bulkers: A Calmer Ship Sailing At A Discount (NYSE:SB)
Seeking Alpha· 2025-09-24 06:44
Core Viewpoint - The analysis of Safe Bulkers (NYSE: SB) indicates a potential investment opportunity, with a preference for pairing common stock with C/D preferred shares, reflecting a positive outlook on the company's future performance [1]. Company Analysis - The last coverage of Safe Bulkers occurred over four years ago, in June 2021, suggesting a long-term interest in the company's performance and market position [1]. - The analyst expresses a belief in the future of Bitcoin, indicating a broader investment philosophy that may influence views on Safe Bulkers and related sectors [1]. Investment Strategy - The recommendation includes a strategy of pairing common stock with preferred shares, which may provide a more balanced risk-reward profile for investors [1].
Safe Bulkers: A Calmer Ship Sailing At A Discount
Seeking Alpha· 2025-09-24 06:44
Group 1 - The last analysis of Safe Bulkers occurred over four years ago, in June 2021, where the common stock was considered a viable option, but preferred shares were favored [1] - The author expresses a belief in the future of Bitcoin, indicating a broader interest in emerging investment opportunities [1] Group 2 - No current stock, option, or derivative positions in any mentioned companies are held by the author, nor are there plans to initiate any within the next 72 hours [2] - The article reflects the author's personal opinions and is not influenced by compensation from any company [2]
Safe Bulkers, Inc. Announces Results of 2025 Annual Meeting of Stockholders
Globenewswire· 2025-09-16 20:05
Core Points - Safe Bulkers, Inc. announced the election of three Class II directors at its annual meeting of stockholders held in Monaco [1] - The elected directors are Dr. Loukas Barmparis, Marina Hajioannou, and Christos Megalou, who will serve until the annual meeting in 2028 [2] - Stockholders ratified the appointment of Deloitte as the independent auditors for the fiscal year ending December 31, 2025 [2] Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore [3] - The company's common stock and preferred stock are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [3]