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Safe Bulkers (SB)
NYSE:SB
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.05Last Year’s EPS
0.2Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -11.26%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with strengths in capital structure and fleet renewal efforts, but challenges due to a weaker charter market and decreasing financial performance. The company's commitment to sustainability and cash flow visibility provides a positive angle, though market conditions remain a concern.Company Guidance
During the Safe Bulkers conference call for the fourth quarter of 2024, the company provided detailed guidance on several financial and operational metrics. The company announced a $0.05 per share dividend, maintaining a strong capital structure with a leverage of about 35% and liquidity of $276 million. They have a contracted revenue of $205 million, bolstered by $145 million from period-chartered Capes with an average daily rate of $22,000. The company reported a net income of $19.4 million for the fourth quarter and an adjusted EBITDA of $40.7 million. The company's fleet, with an average age of 10 years, includes 11 eco-ships and 11 Phase 3 vessels, with plans for seven more Phase 3 newbuilds. The company's debt stands at $545 million, with a weighted average interest rate of 6.12%. The management highlighted a focus on fleet renewal and upgrading, anticipating a softer trade market in the coming quarters but remaining committed to sustainable growth and shareholder wealth.Strong Capital Structure and Liquidity
Safe Bulkers maintains a strong capital structure with a leverage of 35% and ample liquidity of $276 million, providing flexibility for capital allocation and fleet expansion.
Significant Contracted Revenue
The company has a contracted revenue of $205 million, providing considerable cash flow visibility, especially with Capes that have a period time charters averaging $22,000 daily.
Fleet Renewal and Environmental Upgrades
Safe Bulkers has invested in environmentally upgraded vessels and new builds, with a current fleet average age of 10 years and 24 vessels having undergone environmental upgrades.
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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 |
|---|---|---|---|
| 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% |
| Apr 29, 2024 | $4.91 | $4.77 | -2.85% |
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 May 06, 2025, TBA Not Confirmed.
What is Safe Bulkers (SB) earnings time?
Safe Bulkers (SB) earnings time is at May 06, 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 (Q1) is 0.05.
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