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Safe Bulkers has 46 vessels, 22 of them equipped with scrubbers. The average age of the fleet is ten years. SB is focused on period and time charter operations. Despite the constant capital investment in updating its fleet, SB maintains a healthy balance sheet with 57% total debt to equity and 37.4% total liabilities to total assets. SB has top margins and returns compared to similar-sized companies; apart from that, its management excels at capital allocation.

Safe Bulkers Inc. is trading at a significant discount compared to its peers in the dry bulk shipping industry. The company has a robust fleet and is actively modernizing its vessels to align with upcoming environmental regulations. Safe Bulkers offers a competitive advantage with its versatile approach to chartering and a commitment to shareholder value through dividends and share repurchases.

Safe Bulkers, Inc. (NYSE:SB ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Polys Hajioannou - Chairman & Chief Executive Officer Conference Call Participants Climent Molins - Value Investor's Edge Operator Thank you for standing by ladies and gentlemen, and welcome to the Safe Bulkers Conference Call to discuss the Third Quarter 2023 Financial Results. Today, we have with us Mr.

Earnings Release: Tuesday, November 7, 2023, After Market Closes Conference Call and Webcast: Wednesday, November 8, 2023, at 9:00 A.M. Eastern Time MONACO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the third quarter ended September 30, 2023, after the market closes in New York on Tuesday, November 7, 2023.

Safe Bulkers is a dry bulk shipping company equipped with a modern fleet and is positioned to take advantage of the volatile dry bulk market. With a solid market positioning and an eye on 2024, Safe Bulkers holds significant potential for value with 76% of its fleet available for deployment on the spot market. The company presents an attractive investment opportunity in the dry bulk space, with a compelling 38% upside potential. I believe the SB stock is a 'Buy' for value-seeking investors.

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.

In late July, Safe Bulkers reported sequentially improved second quarter results. The company recorded Adjusted EBITDA of $34.3 million and generated $28.6 million in cash from operating activities. Safe Bulkers declared its seventh consecutive quarterly cash dividend of $0.05 per share but suspended its share repurchase program for the time being. Considering the weaker-than-anticipated charter rate environment so far in Q3, I would expect the company's average daily TCE rate to be down sequentially with a resulting impact on cash generation.

Safe Bulkers reports resilient Q2 2023 financial results despite a weakened chartering market, due to economic growth uncertainties. The growing fleet and solid balance sheet present a solid foundation for growth. Safe Bulkers declares a dividend of $0.05 per share of common stock, reflecting a strong balance sheet and commitment to return capital to shareholders.

Earnings Release: Wednesday, July 26, 2023, After Market Closes Conference Call and Webcast: Thursday, July 27, 2023, at 10:00 A.M. Eastern Time MONACO, July 21, 2023 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the second quarter ended June 30, 2023, after the market closes in New York on Wednesday, July 26, 2023.

Initiating coverage of Safe Bulkers, a leading dry bulk shipper focused on the larger vessel classes. The company is effectively controlled by CEO and Chairman Polys Haji-Ioannou, a Cypriot billionaire and shipping magnate. Last month, Safe Bulkers reported seasonally weaker first quarter results but still managed to generate a decent amount of cash from operations.