Core Viewpoint - Safe Bulkers (NYSE: SB) is highlighted as a promising investment opportunity in the dry bulk shipping sector, with a market capitalization of $380 million, making it a notable player in the industry [1]. Company Overview - Safe Bulkers is characterized as a "David" among dry bulk shippers, suggesting it is a smaller yet potentially high-performing company within a competitive market [1]. Investment Philosophy - The article emphasizes the importance of knowledge in achieving significant returns, both financially and personally, indicating a belief in thorough research and analysis as key components of successful investing [1]. Focus Areas - The primary focus of the analysis includes REITs, shipping, and value/growth small-cap stocks, with a noted indifference towards megacap stocks, suggesting a strategy that favors smaller, potentially undervalued companies [1].

1 Q3 2024 EARNINGS PRESENTATION MV PEDHOULAS FARMER EEDI-PHASE 3 – IMO NOx TIER III KAMSARMAX DELIVERED JULY 2024 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1934, as amended, and in Section 21E of the Securities Act of 1933, as amended) including, among other items, statements concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions ...

Core Viewpoint - Safe Bulkers reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.08 per share a year ago [1] - The company posted revenues of $70.5 million for the quarter, missing the Zacks Consensus Estimate by 9.06%, but up from $58.7 million year-over-year [2] Group 1: Earnings Performance - Safe Bulkers' earnings of $0.16 per share were in line with expectations, but the company had previously projected earnings of $0.18 per share, resulting in a surprise of -5.56% when actual earnings were $0.17 [1] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [1] Group 2: Revenue Analysis - The reported revenue of $70.5 million for the quarter was below the consensus estimate, indicating a potential concern for future performance [2] - The company has exceeded consensus revenue estimates two times in the last four quarters [2] Group 3: Stock Performance and Outlook - Safe Bulkers shares have increased by approximately 10.7% since the beginning of the year, while the S&P 500 has gained 25.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for earnings revisions [3][4] Group 4: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $82.31 million, and for the current fiscal year, it is $0.69 on revenues of $314.48 million [7] - The Transportation - Shipping industry, to which Safe Bulkers belongs, is currently ranked in the bottom 17% of Zacks industries, which may negatively impact stock performance [8]

Wall Street expects a year-over-year increase in earnings on higher revenues when Safe Bulkers (SB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the sto ...

Core Points - Safe Bulkers, Inc. announced the election of three Class I directors at its annual meeting of stockholders held in Monaco [1][2] - The elected directors will serve a term ending at the annual meeting of stockholders in 2027 [2] - Stockholders ratified the appointment of Deloitte as the Company's independent auditors for the fiscal year ending December 31, 2024 [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]

galitskaya/iStock via Getty Images Safe Bulkers Inc. (NYSE:SB) has seen a 100% bull run in their share price between November 2023 and June 2024. Currently, they are in a 20% pullback, after reporting mixed earnings results in Q2 2024. In this article, I will cover some of their highlights during Q2 2024, including some of the headwinds that the company is currently facing, and I will look at different factors, including share buybacks, financial metrics, and price action, to explain the rationale behind my ...

Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Many of the remarks today contain forward-looking statements based on current expectations. Actual results may differ materially from the results projected from those forward-looking statements. Additional information concerning factors that can cause the actual results to differ materially from those in the forward-looking statements is contained in the second-quarter 2024 earnings release, which is available on the Safe Bulkers' website, again, ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Finally, our model also underscores that SB has a P/CF ratio of 4.30. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This ...

Management Commentary Implementation of Integrated Management System in Compliance with DryBMS Standards The Company is gradually renewing its fleet with newbuilds designed to meet the most recent International Maritime Organization (the "IMO") regulations related to the reduction of greenhouse gas emissions (the "IMO GHG Phase 3") and nitrogen oxides emissions (the "IMO NOx Tier III"), and selectively selling older vessels. As of July 19, 2024, the IMO GHG Phase 3 NOx Tier III newbuild program consisted of ...

Orderbook Vessel Sales Newbuild delivery During the second quarter of 2024, we operated 45.43 vessels, on average earning a TCE of $18,650, compared to 44.01 vessels earning a TCE of $17,271 during the same period in 2023. As of July 19, 2024, we employed, or had contracted to employ, (i) 9 vessels in the spot time charter market (with up to three months` original duration) and (ii) 38 vessels in the period time charter market (with original duration in excess of three months). Of the vessels chartered in t ...