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Safe Bulkers, Inc.

SB · NYSE

Market closed$6.82$-0.190000 (-2.71%)After hours $6.82 · 0.00%

Key statistics

Previous close$7.01
Open$6.97
Day high$6.98
Day low$6.73
52-week high$7.38
52-week low$3.61
Market cap694.46M
Volume1.14M
Average volume748.03K
P/E ratio15.16
Forward P/E—
EPS0.45
Dividend yield+3.08%

Market context

Why it moved

Safe Bulkers (SB) shares declined ahead of its quarterly earnings release, with analysts projecting modest earnings per share, as investor sentiment turned cautious and selling pressure pushed the stock down from its previous close.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Safe Bulkers closed down 2.71% amid a challenging backdrop for dry bulk shipping, as geopolitical risks intensified across key maritime routes — Iran reportedly directed Houthis to stand ready to close the Red Sea's Bab el-Mandeb strait, while Ukraine's Black Sea grain export capacity fell by a third due to Russian attacks, squeezing freight logistics. A Seeking Alpha piece this week highlighted peer Star Bulk Carriers' rate-dependent yield, reflecting broader investor caution around dry bulk earnings sustainability. Safe Bulkers also announced its 6th Annual Scholarship Programme today, a routine ESG initiative.

-2.7104

July 17, 2026Safe Bulkers closed down about 2% amid a soft session for dry bulk shipping names, with the stock trading near its 52-week high of $7.38 as investors weigh a mixed near-term outlook. Recent analyst commentary has held a 'hold' rating with a price target near $7.19, citing limited upside after a remarkable 88% one-year run driven by strong Q1 2026 results — operating revenue rose 15.6% YoY with a 35.3% operating margin. Headwinds include declining profit margins (15.9% vs. 24.6% last year) and earnings forecasted to contract, while the Ukraine Black Sea port disruptions and peer Seanergy's strength offer mixed sector signals.

-2.095

July 16, 2026Safe Bulkers edged modestly higher, outpacing its previous close amid elevated volume—roughly double the average—as the dry bulk shipping sector benefits from a favorable macro backdrop. Escalating Russian attacks on Ukraine's Black Sea grain ports have reduced monthly export capacity by roughly a third, tightening bulk shipping supply and supporting freight rates. Meanwhile, peer Genco delivered blockbuster Q1 results with 73% revenue growth and a projected Q2 dividend increase of 367%, reinforcing broadly bullish sentiment across the dry bulk space. Hapag-Lloyd's raised annual EBITDA outlook further underscores improving shipping fundamentals, even as geopolitical risks around the Strait of Hormuz remain a wildcard for the broader sector.

0.4208

July 15, 2026Safe Bulkers gained over 2% in heavy volume — more than triple its average — as dry bulk shipping sentiment strengthened on multiple fronts. A freight rate rally lifted sector peers, with Hapag-Lloyd boosting its annual outlook and container shipping stocks advancing broadly. Meanwhile, geopolitical tensions around the Strait of Hormuz and the ongoing Genco/Diana Shipping M&A standoff highlighted consolidation dynamics and strong asset values across dry bulk. Analyst coverage recently reaffirmed a hold near a ~$7.19 target, citing solid Q1 2026 results with 15.6% revenue growth and a $172M liquidity cushion.

2.4425

July 14, 2026Safe Bulkers edged higher, outperforming broader dry bulk peers as geopolitical tensions in the Strait of Hormuz continued to reshape global shipping dynamics. Escalating U.S.-Iran hostilities have disrupted key maritime chokepoints, lifted war-risk insurance premiums sharply, and driven freight rate volatility — factors that can benefit dry bulk operators through tighter vessel supply and improved ton-mile demand. A recent Seeking Alpha analysis highlighted Safe Bulkers' continued operational execution and the appeal of its 7.7%-yielding preferred shares, noting the common stock has appreciated roughly 5% since April. The stock saw above-average volume as investors weighed the macro shipping backdrop, Maersk's partial resumption of Red Sea services, and an active Q2 earnings season beginning this week.

0.8696

July 11, 2026Safe Bulkers closed up nearly 3% as a fresh Seeking Alpha piece flagged the appeal of pairing the common stock with its 7.7%-yielding preferred shares, highlighting the company's strong Q1 2026 results — operating revenue up 15.6% YoY and a 35.3% operating margin — alongside fleet renewal progress and $172M in liquidity. Analyst sentiment remains cautiously constructive, with fair value estimates recently raised to $7.34, though the common is seen as fairly valued near current levels. Geopolitical disruptions in the Middle East continue to support dry bulk shipping demand, even as Maersk and Hapag-Lloyd's gradual Red Sea return signals potential normalization in container freight rates.

2.9851

July 9, 2026Safe Bulkers closed modestly lower as dry bulk shipping sentiment faces headwinds from two competing forces: the gradual return of Maersk and Hapag-Lloyd to the Suez Canal route, which signals easing capacity constraints that had supported freight rates, and renewed Middle East geopolitical tensions after Trump declared the US-Iran interim agreement 'over,' sparking an oil price surge and broader market volatility. Meanwhile, peer Seanergy Maritime's €100M bond raise for fleet expansion highlights active capital deployment across the sector, while SB's own scrubber-fitted fleet strategy remains a key differentiator as bunker spread economics and evolving emissions regulations continue to shape charter competitiveness.

-1.4706

July 8, 2026Safe Bulkers edged up modestly in regular trading, bucking a broader market risk-off session triggered by President Trump declaring the Iran MOU 'over,' which sent oil surging 5%+ and rattled global equities. The resilience is notable given the geopolitical headwinds, with investors also weighing the early-July resumption of Suez Canal routes by Maersk and Hapag-Lloyd — a potential freight rate headwind for dry bulk peers. Positive underpinnings include a strong Q1 2026 earnings beat (EPS +66% vs. estimates), 15.6% YoY revenue growth driven by Capesize charter rates, and a $172M liquidity cushion, though analysts maintain a hold near the ~$7.19 target.

1.0401

Seeking Alpha · July 10, 2026Safe Bulkers: Pair The Common With The 7.7%-Yielding Preferreds (NYSE:SB)Pluang · July 10, 2026Safe Bulkers shows strong operations but stock lacks margin of safety; preferred shares offer 7.7% yield.marketscreener.com · June 29, 2026Safe Bulkers, Inc.(NYSE: SB) dropped from Russell 2000 Dynamic IndexSimply Wall Street · June 23, 2026Safe Bulkers, Inc. Just Beat EPS By 90%: Here's What Analysts Think Will Happen NextGlobeNewswire · June 22, 2026Safe Bulkers Announces Annual Meeting of StockholdersInvesting.com · June 18, 2026Safe Bulkers Q1 2026 slides: rates rise, costs fall as profit jumpsWhite & Case LLP · June 1, 2026White & Case advises Safe Bulkers, Inc. on dual listing on Euronext AthensMoomoo · May 19, 2026Safe Bulkers | 6-K: Report of foreign private issuer [Rules 13a-16 and 15d-16]
Benzinga · June 22, 2026Full Transcript: Safe Bulkers Q1 2026 Earnings Call
Mt Newswire · June 17, 2026Safe Bulkers Q1 Adjusted Earnings, Revenue Rise
Benzinga · June 17, 2026Safe Bulkers Q1 Adj. EPS $0.18 Beats $0.11 Estimate, Sales $74.390M Beat $65.500M Estimate
Mt Newswire · May 18, 2026Safe Bulkers to Sell Two Dry Bulk Vessels for $27.7 Million
Benzinga · May 18, 2026Safe Bulkers Enters Agreement To Sell Two Vessels For A Combined $27.7M
Mt Newswire · May 11, 2026Safe Bulkers to Acquire Four Newbuild Dry-Bulk Vessels
Benzinga · May 11, 2026Safe Bulkers Signs Agreement To Acquire Four Japanese Dry Bulk Vessels; Financial Terms Undisclosed
Benzinga · February 18, 2026Safe Bulkers: Q4 Earnings Insights

Peers

S&P 500SPX · $7,457.69-1.01%Genco Shipping & Trading LimitedGNK · $24.12-4.55%Star Bulk Carriers Corp.SBLK · $24.90-4.30%Corgi GOOGL 2x Daily ETFGOGL · $24.76-5.36%Navios Maritime Partners L.P.NMM · $71.37-4.11%Diana Shipping Inc.DSX · $2.05-2.38%Seanergy Maritime Holdings Corp.SHIP · $14.01-5.40%Euroseas Ltd.ESEA · $69.23-3.49%Costamare Inc.CMRE · $14.74-3.09%SFL Corporation LtdSFL · $11.11-1.59%Capital Clean Energy Carriers Corp.CCEC · $22.19-1.40%Danaos CorporationDAC · $125.87-3.57%