Latest news with #SafeBulkers
Yahoo
6 days ago
- Business
- Yahoo
Safe Bulkers, Inc. Announces Availability of 2024 Sustainability Report
MONACO, June 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the 'Company') (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's 2024 Sustainability Report is available for download and can be accessed from its website using the link provided below. The 2024 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines, 'in accordance with the GRI Standards', and the Sustainability Accounting Standards Board (SASB) recommendation for maritime transport, alongside additional indicators that are materially important to the Company and its stakeholders. The report is available for download and can be accessed from the Company's website using the link: Dr. Loukas Barmparis, President of the Company commented: 'Our 2024 Sustainability Report presents a comprehensive overview of our environmental, social, and governance ('ESG') practices. It reflects our strategic commitment to managing environmental risks, supporting the communities where we operate, and continuously enhancing our governance framework in alignment with regulatory expectations and stakeholder interests.' About Safe Bulkers, Inc. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The Company's common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols 'SB', ' and ' respectively. Forward-Looking Statements This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as 'expects,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates' and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For further information please contact: Company Contact: Dr. Loukas Barmparis President Safe Bulkers, Inc. Tel.: +30 2 111 888 400 Fax: +30 2 111 878 500 E-Mail: directors@ Investor Relations / Media Contact: Nicolas Bornozis, President Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, N.Y. 10169 Tel.: (212) 661-7566 Fax: (212) 661-7526 E-Mail: safebulkers@ in to access your portfolio
Yahoo
25-05-2025
- Business
- Yahoo
Safe Bulkers First Quarter 2025 Earnings: Beats Expectations
Revenue: US$64.3m (down 21% from 1Q 2024). Net income: US$5.25m (down 78% from 1Q 2024). Profit margin: 8.2% (down from 28% in 1Q 2024). EPS: US$0.05 (down from US$0.21 in 1Q 2024). We've discovered 3 warning signs about Safe Bulkers. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 16%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 3 years, while revenues in the Shipping industry in the US are expected to remain flat. Performance of the American Shipping industry. The company's shares are down 2.4% from a week ago. What about risks? Every company has them, and we've spotted 3 warning signs for Safe Bulkers you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
21-05-2025
- Business
- Yahoo
Safe Bulkers Inc (SB) Q1 2025 Earnings Call Highlights: Navigating Market Challenges with ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Safe Bulkers Inc (NYSE:SB) maintained a strong balance sheet with ample liquidity and a leverage of about 37%. The company completed a repurchase program of roughly 3% of its common stock, indicating confidence in its valuation. Declared a $0.05 per share dividend, marking the 14th consecutive quarterly dividend, representing a 5.5% dividend yield. Safe Bulkers Inc (NYSE:SB) has a young, technologically advanced fleet with a focus on energy efficiency and environmental performance. The company has a significant order book of six new builds, positioning it favorably for future growth and compliance with environmental regulations. Safe Bulkers Inc (NYSE:SB) faced a weaker capital market environment, leading to decreased revenue and earnings from cargo-fitted vessels. Operating expenses increased, impacting overall profitability. The dry bulk fleet is projected to grow faster than demand, potentially putting pressure on freight rates. The company reported a decrease in adjusted EBITDA and earnings per share compared to the same period in 2024. Market conditions, including geopolitical uncertainties and tariffs, pose risks to global trade and growth, affecting the company's outlook. Warning! GuruFocus has detected 5 Warning Sign with SB. Q: How is Safe Bulkers approaching share buybacks given the current market conditions and recent completion of a buyback program? A: The company considers market conditions and stock price when deciding on buybacks. If the market is profitable and the stock price is depressed, they may initiate buybacks. They believe their stock is undervalued, making it a worthwhile investment compared to buying new ships. (Unidentified_2, CEO) Q: Can you provide insights into the current sale and purchase market for ships and how it affects your strategy? A: S&P values have dropped by about 25% for older ships and 10-15% for modern ships. Current prices are not attractive for buying ships, so the company is focusing on new building deliveries and buybacks, waiting for better market conditions. (Unidentified_3, CFO) Q: Was the 3 million share buyback program completed in the first quarter, and were there any repurchases post-quarter end? A: Yes, the 3 million share buyback program was completed within the first quarter, and no repurchases were made after the quarter ended. (Unidentified_3, CFO) Q: What is the strategy for capesize vessels with medium-term contracts expiring soon? A: The company plans to trade vessels on the spot market if charter rates are not favorable for long-term contracts. They will consider period employment if rates exceed $20,000 for a couple of years. (Unidentified_3, CFO) Q: How does Safe Bulkers plan to manage its liquidity and capital resources moving forward? A: The company maintains a strong liquidity position with $250 million in combined liquidity and capital resources. This provides flexibility for fleet expansion and long-term shareholder prosperity. (Unidentified_4, CFO) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
3 Promising Penny Stocks With Market Caps Under $200M
The U.S. stock market has experienced a slight downturn, following a period of gains for the S&P 500, as investors digest recent economic developments and corporate earnings. In this context, penny stocks continue to capture attention as they represent smaller or newer companies that can offer unique investment opportunities. While the term might seem outdated, these stocks still hold potential for growth when backed by strong financials and solid fundamentals. Name Share Price Market Cap Financial Health Rating Safe Bulkers (NYSE:SB) $3.71 $393.17M ★★★★☆☆ Tuya (NYSE:TUYA) $2.64 $1.64B ★★★★★★ Perfect (NYSE:PERF) $1.78 $181.29M ★★★★★★ Flexible Solutions International (NYSEAM:FSI) $4.25 $55.65M ★★★★★★ Imperial Petroleum (NasdaqCM:IMPP) $2.50 $86.38M ★★★★★★ Table Trac (OTCPK:TBTC) $4.50 $21.82M ★★★★★★ BAB (OTCPK:BABB) $0.8495 $5.75M ★★★★★★ Lifetime Brands (NasdaqGS:LCUT) $3.14 $73.52M ★★★★★☆ New Horizon Aircraft (NasdaqCM:HOVR) $0.69 $21.41M ★★★★★★ CBAK Energy Technology (NasdaqCM:CBAT) $0.805 $78.43M ★★★★★☆ Click here to see the full list of 720 stocks from our US Penny Stocks screener. Let's explore several standout options from the results in the screener. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Black Diamond Therapeutics, Inc. is a clinical-stage oncology company dedicated to discovering and developing MasterKey therapies for genetically defined tumors, with a market cap of $110.88 million. Operations: Black Diamond Therapeutics, Inc. currently does not report any revenue segments. Market Cap: $110.88M Black Diamond Therapeutics has recently transitioned to profitability, reporting a net income of US$56.54 million for Q1 2025, a significant improvement from the previous year's loss. The company is debt-free with strong short-term assets of US$155.7 million exceeding liabilities and has secured a strategic licensing agreement with Servier for BDTX-4933, potentially yielding up to US$710 million in milestone payments. Despite its low return on equity at 3.6%, analysts expect substantial stock price growth, though earnings are forecasted to decline by 33.1% annually over the next three years due to its pre-revenue status in oncology therapies development. Dive into the specifics of Black Diamond Therapeutics here with our thorough balance sheet health report. Gain insights into Black Diamond Therapeutics' outlook and expected performance with our report on the company's earnings estimates. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Caribou Biosciences, Inc. is a clinical-stage biopharmaceutical company focused on developing genome-edited allogeneic cell therapies for hematologic malignancies and autoimmune diseases, with a market cap of $87.28 million. Operations: Caribou Biosciences generates revenue primarily from developing a pipeline of allogeneic CAR-T and CAR-NK cell therapies, amounting to $9.92 million. Market Cap: $87.28M Caribou Biosciences, Inc. remains unprofitable with a net loss of US$39.99 million in Q1 2025, though losses have slightly narrowed compared to the previous year. The company is debt-free and holds strong short-term assets of US$217.3 million, exceeding its liabilities significantly. Recent strategic moves include a proposed reverse stock split and pipeline prioritization to extend its cash runway into late 2027. Despite high volatility and ongoing equity offerings totaling up to US$400 million, revenue is forecasted to grow substantially at over 70% annually as it advances its clinical-stage therapies for hematologic malignancies and autoimmune diseases. Click to explore a detailed breakdown of our findings in Caribou Biosciences' financial health report. Understand Caribou Biosciences' earnings outlook by examining our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Puma Biotechnology, Inc. is a biopharmaceutical company dedicated to developing and commercializing cancer care products both in the United States and internationally, with a market cap of approximately $168.27 million. Operations: The company generates $232.71 million in revenue from the development and commercialization of innovative cancer care products. Market Cap: $168.27M Puma Biotechnology, Inc. has demonstrated significant earnings growth, with a 147.6% increase over the past year and profitability achieved over the last five years. The company's financial health is supported by more cash than debt and a strong balance sheet where short-term assets exceed liabilities. Recent revenue figures indicate steady performance, with US$46.01 million reported in Q1 2025 compared to US$43.8 million a year ago, alongside net income of US$2.97 million reversing prior losses. Strategic partnerships for NERLYNX® expansion into Eastern Europe and Central Asia could further bolster its market presence in oncology treatments. Jump into the full analysis health report here for a deeper understanding of Puma Biotechnology. Examine Puma Biotechnology's earnings growth report to understand how analysts expect it to perform. Access the full spectrum of 720 US Penny Stocks by clicking on this link. Interested In Other Possibilities? This technology could replace computers: discover the 22 stocks are working to make quantum computing a reality. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:BDTX NasdaqGS:CRBU and NasdaqGS:PBYI. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
Safe Bulkers, Inc. Sets Date for the First Quarter 2025 Results, Conference Call, and Webcast
Earnings Release: Monday, May 19, 2025, After Market Closes Conference Call and Webcast: Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time MONACO, May 13, 2025 (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, 2025, after the market closes in New York on Monday, May 19, 2025. On Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time, the Company's management team will host a conference call to discuss the financial results. Conference Call Details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: +1 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In), or +0 800 756 3429 (UK Toll-Free Dial In). Please quote 'Safe Bulkers' to the operator and/or conference ID 13753313. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Slides and Audio Webcast:There will also be a live, and then archived, webcast of the conference call and accompanying slides, available through the Company's website. To listen to the archived audio file, visit our website and click on Events & Presentations. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. About Safe Bulkers, Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The Company's common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols 'SB', ' and ' respectively. Forward-Looking StatementsThis press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as 'expects,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates' and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, business disruptions due to natural disasters or other events, such as the recent COVID-19 pandemic, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, changes in TCE rates, changes in fuel prices, risks associated with operations outside the United States, general domestic and international political conditions, uncertainty in the banking sector and other related market volatility, disruption of shipping routes due to political events, risks associated with vessel construction and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For further information please contact:Company Contact:Dr. Loukas BarmparisPresidentSafe Bulkers, +30 21 11888400+357 25 887200E-Mail:directors@ Investor Relations / Media Contact:Nicolas Bornozis, PresidentCapital Link, Inc.230 Park Avenue, Suite 1536New York, N.Y. 10169Tel.: (212) 661-7566Fax: (212) 661-7526E-Mail:safebulkers@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
