Safe Bulkers (SB) Reports Q1 Loss, Misses Revenue Estimates 2020/06/08 21:25:04 Zacks Investment Research
Safe Bulkers (SB) delivered earnings and revenue surprises of -8.33% and -4.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Safe Bulkers EPS misses by $0.04 2020/02/26 21:56:25 Seeking Alpha
Safe Bulkers (NYSE:SB): Q4 Non-GAAP EPS of $0.01 misses by $0.04; GAAP EPS of $0.01 misses by $0.01. Revenue of $53.25M (+1.3% Y/Y) Press Release
Dry Bulk Rates Poised To Hit A New All-Time Low 2020/02/03 21:09:03 Benzinga Feeds
The record for the absolute worst dry bulk shipping spot rate of all time was set in February 2016, when the Baltic Dry Index (BDI) slumped to 219 points and vessel spot rates were just $2,000 per day. Four years later, that ignominious record may about to be broken. The BDI is now in freefall, closing at 466 on Monday, down over 80% since September 2019. Rates for Capesize bulkers (vessels with capacity of around 180,000 deadweight tons) are now at around $3,500-4,000 per day — less than a third of breakeven rates in the low teens. The two most important routes for Capesizes are the Brazil-China and Australia-China iron-ore runs. These two lanes now face pressures on multiple fronts, implying that rates have further to fall. First, there's seasonal demand weakness. Second, Brazilian iron-ore export regions are suffering debilitating floods. Third, there are too many ships in Australia. Fourth, the IMO 2020 rule requires the use of more expensive low-sulfur fuel, slashing ship owner returns.
Is Safe Bulkers (SB) a Suitable Stock for Value Investors? 2019/12/19 08:30:00 Zacks Investment Research
Let's see if Safe Bulkers, Inc. (SB) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.