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Does Safe Bulkers (SB) have what it takes to be a top stock pick for momentum investors? Let's find out.

Safe Bulkers (SB) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

Here is how Safe Bulkers (SB) and SkyWest (SKYW) have performed compared to their sector so far this year.

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.

There is a maxim on Wall Street that essentially says, “20% of investors who want to make money are in stocks, while the 80% who want to keep their money are in bonds.

Safe Bulkers, Inc. (SB) Q4 2023 Earnings Call Transcript

Safe Bulkers (SB) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.29 per share a year ago.

Safe Bulkers (SB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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.