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Safe Bulkers (SB)
NYSE:SB
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Earnings Data
Report Date
Feb 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.15Last Year’s EPS
0.25Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -21.38%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a strong financial performance and robust liquidity, with significant advancements in fleet sustainability. However, it also highlights challenges in the charter market, particularly for Panamax vessels, and geopolitical uncertainties impacting future growth prospects.Company Guidance
During the third quarter of 2024 earnings call for Safe Bulkers, the executives provided guidance on several key metrics. They announced a dividend of $0.05 per common share and reported an average daily rate of $23,600 for their Capesize vessels, contributing to a contracted revenue backlog of $175 million. The company maintained a comfortable consolidated leverage of 32%, with a net debt per vessel just below $9 million. The fleet's average age is 9.8 years, with 80% being Japanese-built vessels. Safe Bulkers highlighted a significant liquidity strength of approximately $318 million, alongside a contracted revenue of $232 million, which more than doubles their outstanding CapEx commitments. The adjusted EBITDA for Q3 stood at $41.3 million, with an adjusted EPS of $0.16. The company remains committed to sustainability, boasting a 7.4% decrease in fleet greenhouse gas emissions and a substantial green fleet advantage.Strong Financial Performance
Adjusted EBITDA for Q3 2024 was $41.3 million, compared to $30.9 million in Q3 2023. Adjusted EPS for Q3 2024 was $0.16, up from $0.08 in Q3 2023.
Robust Liquidity and Leverage
Safe Bulkers reported strong liquidity of $318 million and maintained a comfortable leverage of 32%.
Significant Contracted Revenue
The company has a contracted revenue backlog of $233 million, providing cash flow visibility.
Green Fleet Advancements
23 vessels have been environmentally upgraded, and there are 11 eco-friendly vessels. The fleet's average age is just 9.8 years, emphasizing sustainability.
Positive Dividend Announcement
Safe Bulkers declared a dividend of $0.05 per common share for the quarter.
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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
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SB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $4.35 | $4.23 | -2.76% |
| Jul 29, 2024 | $5.32 | $5.01 | -5.83% |
| Apr 29, 2024 | $4.98 | $4.83 | -3.01% |
| Feb 12, 2024 | $4.01 | $4.07 | +1.50% |
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.
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FAQ
When does Safe Bulkers (SB) report earnings?
Safe Bulkers (SB) is schdueled to report earning on Feb 17, 2025, TBA Not Confirmed.
What is Safe Bulkers (SB) earnings time?
Safe Bulkers (SB) earnings time is at Feb 17, 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 2024 (Q4) is 0.15.
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