SB Stock Recent News

Earnings Release: Wednesday, May 10, 2023, After Market Closes Conference Call and Webcast: Thursday, May 11, 2023, at 10:00 A.M. Eastern Time MONACO, May 05, 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 first quarter ended March 31, 2023, after the market closes in New York on Wednesday, May 10, 2023.

Safe Bulkers (NYSE: SB) stock price has done well in 2023 even as the shipping industry goes through a difficult period as prices drop. The stock has jumped by more than 25% this year and is hovering near the highest point since August last year.

Based on SB's attractive valuation and strong financial position, I anticipate that the stock will continue to outperform, not only meeting but potentially exceeding market expectations. The prospects for dry bulk shipping are showing a significant improvement, with the demand side expected to be the driving force for the foreseeable future.

Supply is limited while demand is volatile. However, demand should improve long before supply. In an increasingly regulated environment, SB's fleet stands out in terms of environmental and operational efficiency.

Safe Bulkers is currently trading at a significant discount to its historical valuation. The company has historically traded at-or-above NAV, but now trades at a roughly 50% discount. Throughout 2021 and early 2022, as peers began to return cash to shareholders, Safe Bulkers focused on reducing leverage levels and renewing its fleet, which has weighed on its valuation.

Industrials stocks have been performing relatively well despite high economic uncertainty when looking into 2023. The Marine industry has endured a volatile couple of years.

Safe Bulkers will have to mostly play defense in 2023. Economic headwinds are likely to drive demand down over the next 12 months or so.

Zacks.com users have recently been watching Safe Bulkers (SB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Safe Bulkers (SB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Safe Bulkers, Inc. (NYSE:SB ) Q3 2022 Earnings Conference Call November 10, 2022 10:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Polys Hajioannou - Chairman and Chief Executive Officer Conference Call Participants Chris Wetherbee - Citigroup, Inc. Operator Thank you for standing by, ladies and gentlemen, and welcome to the Safe Bulkers Conference Call to discuss the Third Quarter 2022 Financial Results. Today, we have with us from Safe Bulkers, Chairman and Chief Executive Officer, Mr.