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Safe Bulkers (SB)
NYSE:SB
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.06Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 19, 2025
|% Change Since: 4.04%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment. The company showcased a strong balance sheet, consistent dividends, and successful vessel deliveries, but faced significant challenges with a weaker charter market, decreased revenues, and increased operating expenses. Despite strategic initiatives to strengthen their fleet and financial position, market conditions remain challenging.Company Guidance
During the first quarter of 2025, Safe Bulkers faced a challenging market environment characterized by softer charter markets, geopolitical uncertainties, and tariff-related concerns. Despite these challenges, the company maintained a strong balance sheet and completed the delivery of its 12th newbuild. Safe Bulkers declared a $0.05 per share dividend, reflecting a 5.5% dividend yield, and completed a share repurchase program of 3 million common shares, amounting to a 3% buyback. The company's leverage was approximately 37%, with ample liquidity and capital resources of $276 million. The global drybulk demand is expected to range from -1% to 0% in 2025, with grain and minor bulk shipments anticipated to drive growth. Safe Bulkers continues to focus on fleet renewal, environmental performance, and capital allocation towards newbuilds to enhance shareholder value, with $203 million in revenue backlog providing cash flow visibility. The company maintained a young fleet with an average age of 10 years and achieved zero vessels in the D and E carbon intensity ratings for 2024.Strong Balance Sheet and Capital Structure
Safe Bulkers maintained a strong capital structure, with ample liquidity and a leverage of about 37%.
New Vessel Deliveries and Environmental Upgrades
The company took delivery of its 12th newbuild and has environmentally upgraded 24 vessels, with 11 being ECO vessels. They have six more Phase III vessels on order.
Consistent Dividend Policy
Declared a 14th consecutive quarterly dividend of $0.05, representing a 5.5% dividend yield.
Share Repurchase Program
Completed a repurchase program of 3 million common shares, amounting to roughly 3% of the company's common stock.
Cash Position and Financial Flexibility
Reported a strong cash position of around $122 million and $128 million available in committed revolving credit facilities.
SB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 19, 2025 | $3.71 | $3.83 | +3.23% |
Feb 18, 2025 | $3.64 | $3.64 | 0.00% |
Nov 13, 2024 | $4.29 | $4.18 | -2.56% |
Jul 29, 2024 | $5.25 | $4.94 | -5.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Safe Bulkers (SB) report earnings?
Safe Bulkers (SB) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Safe Bulkers (SB) earnings time?
Safe Bulkers (SB) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SB EPS forecast?
SB EPS forecast for the fiscal quarter 2025 (Q2) is 0.06.