Sugar (SB)

Safe Bulkers Stock (NYSE:SB), Trade Ideas

Safe Bulkers

Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.

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Capital Link President Nicolas Bornozis hosted an interview with Dr. Loukas Barmparis, President of Safe Bulkers (NYSE: SB) on August 1, 2023.

Safe Bulkers – Focusing Of Fleet Investments While Positioning For Dry Bulk Sector Rebound


	Safe Bulkers Inc (NYSE: SB) has agreed to sell MV Pedhoulas Trader, a 2006 Japanese-built, Kamsarmax class, dry-bulk vessel, for a net sale price of $15.84 million.
	The sale carries a forward delivery date lies within December 2022.


Safe Bulkers Divests 2006-Built Kamsarmax Vessel For ~$16M

Safe Bulkers, Inc Common Stock ($0.001 par value)

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<h3>Gainers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares increased by 8.5% to $0.68 during Monday's after-market session. The market value of their outstanding shares is at $11.0 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares increased by 6.11% to $1.89. The market value of their outstanding shares is at $173.0 million. </li>
<li>Knightscope (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KSCP#NASDAQ">KSCP</a>) shares moved upwards by 5.98% to $0.54. The market value of their outstanding shares is at $55.2 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock rose 5.33% to $0.17. The company's market cap stands at $3.1 million. </li>
<li>Caesarstone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTE#NASDAQ">CSTE</a>) shares rose 5.11% to $5.96. The market value of their outstanding shares is at $205.8 million. </li>
<li>Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) stock moved upwards by 5.01% to $4.97. The market value of their outstanding shares is at $554.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) shares declined by 13.1% to $8.0 during Monday's after-market session. The company's market cap stands at $65.7 million. As per the press release, Q4 earnings came out today. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares fell 5.06% to $0.35. The market value of their outstanding shares is at $4.6 million. </li>
<li>TPI Composites (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPIC#NASDAQ">TPIC</a>) shares declined by 4.89% to $2.53. The market value of their outstanding shares is at $119.5 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares fell 4.72% to $0.49. The market value of their outstanding shares is at $39.6 million. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares fell 3.7% to $0.25. The company's market cap stands at $12.2 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) stock declined by 2.42% to $0.28. The company's market cap stands at $2.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Monday's After-Market Session

Asset Sales

Safe Bulkers Announces Sale Of Two Dry-Bulk Vessels; MV Panayiota K At $20.45M And MV Paraskevi 2 At $20.3M

Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.17 by 47.06 percent. This is a 13.79 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $82.29 million which beat the analyst consensus estimate of $74.54 million by 10.40 percent. This is a 5.04 percent decrease over sales of $86.66 million the same period last year.

Earnings

Safe Bulkers Q4 EPS $0.25 Beats $0.17 Estimate, Sales $82.29M Beat $74.54M Estimate

Safe Bulkers Announces $12.2M Sale Of Panamax Class Dry-Bulk Vessel

<h3>Companies Reporting Before The Bell</h3>
&bull; Beasley Broadcast Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) is projected to report quarterly loss at $0.07 per share on revenue of $66.05 million.
&bull; Trimble (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMB#NASDAQ">TRMB</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $911.34 million.
&bull; Monday.Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $197.95 million.
&bull; Alexander&#39;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALX#NYSE">ALX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) is estimated to report earnings for its first quarter.
&bull; Star Bulk Carriers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBLK#NASDAQ">SBLK</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $203.01 million.
&bull; Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $74.54 million.
&bull; PetVivo Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETV#NASDAQ">PETV</a>) is estimated to report earnings for its third quarter.
&bull; Delta Apparel (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DLA#AMEX">DLA</a>) is likely to report quarterly loss at $0.91 per share on revenue of $92.50 million.
&bull; Goodyear Tire &amp; Rubber (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $5.39 billion.
&bull; Electrovaya (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELVA#NASDAQ">ELVA</a>) is likely to report earnings for its first quarter.
&bull; 2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $280.67 million.
&bull; Service Corp Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCI#NYSE">SCI</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $1.02 billion.
&bull; Equity Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQC#NYSE">EQC</a>) is projected to report earnings for its fourth quarter.
&bull; Safehold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAFE#NYSE">SAFE</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $85.95 million.
&bull; Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) is projected to report earnings for its fourth quarter.
&bull; Federal Realty Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRT#NYSE">FRT</a>) is estimated to report earnings for its fourth quarter.
&bull; SPDR ICE Preferred Securities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSK#NYSE">PSK</a>) is likely to report quarterly earnings at $0.23 per share on revenue of $125.00 million.
&bull; Intercorp Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFS#NYSE">IFS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $419.95 million.
&bull; ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $310.67 million.
&bull; Teradata (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $456.79 million.
&bull; Avis Budget Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) is projected to report quarterly earnings at $4.15 per share on revenue of $2.81 billion.
&bull; Investcorp Credit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICMB#NASDAQ">ICMB</a>) is estimated to report quarterly earnings at $0.13 per share on revenue of $6.42 million.
&bull; Blackbaud (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLKB#NASDAQ">BLKB</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $299.05 million.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $141.34 million.
&bull; Otter Tail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTTR#NASDAQ">OTTR</a>) is estimated to report quarterly earnings at $1.25 per share on revenue of $319.48 million.
&bull; Hudson Pacific Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>) is estimated to report earnings for its fourth quarter.
&bull; Watts Water Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTS#NYSE">WTS</a>) is estimated to report quarterly earnings at $1.78 per share on revenue of $532.29 million.
&bull; Aspen Aerogels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASPN#NYSE">ASPN</a>) is projected to report quarterly loss at $0.12 per share on revenue of $80.86 million.
&bull; Trinseo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSE#NYSE">TSE</a>) is estimated to report quarterly loss at $1.33 per share on revenue of $853.00 million.
&bull; Brighthouse Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) is likely to report quarterly earnings at $3.69 per share on revenue of $2.13 billion.
&bull; Beyond Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAIR#NASDAQ">XAIR</a>) is expected to report quarterly loss at $0.53 per share on revenue of $450 thousand.
&bull; Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) is likely to report quarterly earnings at $1.70 per share on revenue of $1.53 billion.
&bull; Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) is likely to report quarterly earnings at $0.45 per share on revenue of $176.19 million.
&bull; Vornado Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) is likely to report earnings for its fourth quarter.
&bull; Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) is estimated to report quarterly earnings at $2.22 per share on revenue of $498.71 million.
&bull; James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) is estimated to report earnings for its third quarter.
&bull; Principal Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFG#NASDAQ">PFG</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $3.60 billion.
&bull; Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is likely to report quarterly earnings at $1.33 per share on revenue of $1.06 billion.
&bull; Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is expected to report quarterly earnings at $1.53 per share on revenue of $5.20 billion.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For February 12, 2024

Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) is set to give its latest quarterly earnings report on Monday, 2024-02-12. Here's what investors need to know before the announcement.
Analysts estimate that Safe Bulkers will report an earnings per share (EPS) of $0.17. 
Safe Bulkers bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.02, which was followed by a 0.94% increase in the share price the next day.
Here's a look at Safe Bulkers's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.10</td>
<td>0.12</td>
<td>0.16</td>
<td>0.25</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.12</td>
<td>0.10</td>
<td>0.29</td>
</tr>
<tr>
<td>Price Change %</td>
<td>0.94%</td>
<td>-3.02%</td>
<td>-2.19%</td>
<td>-1.83%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707494441_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Safe Bulkers were trading at $4.15 as of February 08. Over the last 52-week period, shares are up 26.44%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SB/earnings">To track all earnings releases for Safe Bulkers visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Safe Bulkers

Safe Bulkers Enters Agreement For Acquisition Of Japanese Kamsarmax Class Dry-Bulk Vessel

The newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index related to the reduction of greenhouse gas emissions ("GHG-EEDI Phase 3") as adopted by the International Maritime Organization, ("IMO") and also comply with the latest NOx emissions regulation, NOx-Tier III ("NOx-Tier III"). This newbuild vessel is a sister vessel to a number of newbuilds in our orderbook with advanced energy efficiency characteristics resulting to lower fuel consumption.

Safe Bulkers Entered Into An Agreement For The Acquisition Of A Japanese, 82,000 dwt, Dry-Bulk, Kamsarmax Class Vessel; Scheduled Delivery Date Within H1 2026; Terms Not Disclosed

Safe Bulkers, Inc. (the "Company" or "Safe Bulkers") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 5,000,000 shares of the Company's common stock. If the maximum number of shares of the Company's common stock are purchased pursuant to the aforementioned program, it would represent approximately 4.5% of the shares of the Company's common stock outstanding and 8.1% of its public float. &nbsp;
The program does not obligate the Company to purchase shares of the Company's common stock and the program may be modified or terminated at any time without prior notice. Any such purchases will be made in the open market in compliance with applicable laws and regulations, and that purchases on the open market will be conducted within the safe harbor provisions of Regulation 10b-18 under the Securities Exchange Act of 1934, as amended. The purchases will be funded using the Company's existing cash resources.

Buybacks

Safe Bulkers, Inc. Announces A 5M Shares Of Common Stock Repurchase Program

Safe Bulkers, Inc. Announces Sale Of A 2015-Built Kamsarmax Class Dry-Bulk Vessel For Gross Sale Price Of $26.6M

<h3>Understanding Value Stocks</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Benzinga Insights has compiled a list of value stocks in the industrials sector that may be worth watching:</h2>
<ol>
<li>CompoSecure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) - P/E: 5.97</li>
<li>PROG Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRG#NYSE">PRG</a>) - P/E: 8.99</li>
<li>Greenpro Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRNQ#NASDAQ">GRNQ</a>) - P/E: 3.0</li>
<li>Capital Product Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPLP#NASDAQ">CPLP</a>) - P/E: 5.19</li>
<li>Safe Bulkers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SB#NYSE">SB</a>) - P/E: 5.17</li>
</ol>
CompoSecure has reported Q3 earnings per share at $0.24, which has decreased by 4.0% compared to Q2, which was 0.25. PROG Holdings saw a decrease in earnings per share from 0.92 in Q2 to $0.9 now. Most recently, Greenpro Capital reported earnings per share at $-0.02, whereas in Q2 earnings per share sat at $0.86. Capital Product Partners has reported Q3 earnings per share at $0.84, which has increased by 12.0% compared to Q2, which was 0.75. Most recently, the company reported a dividend yield of 4.32%, which has increased by 0.39% from last quarter's yield of 3.93%.
Safe Bulkers saw a decrease in earnings per share from 0.12 in Q2 to $0.08 now. Its most recent dividend yield is at 6.17%, which has ('', 'not changed') by 0.0% from 6.17% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.