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Safe Bulkers, Inc. (NYSE:SB ) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Polys Hajioannou - Chairman & Chief Executive Officer Conference Call Participants Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Safe Bulkers Conference Call on the First Quarter 2024 Financial Results. We have with us Mr.
Safe Bulkers (SB) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Safe Bulkers (SB) closed at $4.81 in the latest trading session, marking a +0.84% move from the prior day.
The latest trading day saw Safe Bulkers (SB) settling at $4.77, representing a +1.27% change from its previous close.
Safe Bulkers (SB) closed the most recent trading day at $4.71, moving -1.88% from the previous trading session.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Safe Bulkers is a bet on mid-size dry bulk vessels. The company has a superior fleet compared to its peers in the mid-cap segment. In 2023, SB realized YoY declining revenue and profits due to a weak market for small and midsize bulkers. SB offers secure dividends with a 4.1% TTM yield. In 4Q23, the company announced a share repurchase program, too.
BTDR and SB made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 1, 2023.
Safe Bulkers (SB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Does Safe Bulkers (SB) have what it takes to be a top stock pick for momentum investors? Let's find out.