Safe Bulkers Future Growth

Future criteria checks 2/6

Safe Bulkers's revenue is forecast to decline at 0.6% per annum while its annual earnings are expected to grow at 17% per year. EPS is expected to grow by 17.8% per annum. Return on equity is forecast to be 7.8% in 3 years.

Key information

17.0%

Earnings growth rate

17.8%

EPS growth rate

Shipping earnings growth	17.1%
Revenue growth rate	-0.6%
Future return on equity	7.8%
Analyst coverage	Low
Last updated	27 May 2024

Recent future growth updates

Recent updates

Safe Bulkers, Inc. (NYSE:SB) Surges 27% Yet Its Low P/E Is No Reason For Excitement

Dec 02

What Does Safe Bulkers, Inc.'s (NYSE:SB) Share Price Indicate?

Nov 17

Safe Bulkers: A Dry Bulk Shipping Value Opportunity

Oct 12

Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05

Aug 01

Analysts Just Slashed Their Safe Bulkers, Inc. (NYSE:SB) EPS Numbers

Jul 28

Safe Bulkers: A Decent Value In The Dry Bulk Space - Buy

Jun 25

Safe Bulkers (NYSE:SB) Is Paying Out A Dividend Of $0.05

May 23

Safe Bulkers to acquire one Japanese Kamsarmax class dry-bulk vessel

Feb 21

Safe Bulkers Non-GAAP EPS of $0.29 beats by $0.05, revenue of $86.7M beats by $15.4M

Feb 14

Safe Bulkers: Limited Supply Makes Choppy Demand Easy Sailing

Jan 24

Safe Bulkers: Significantly Discounted Dry Bulk Play

Jan 14

Safe Bulkers, Inc. (NYSE:SB) Analysts Just Trimmed Their Revenue Forecasts By 13%

Nov 18

Safe Bulkers Non-GAAP EPS of $0.39, revenue of $93.7M

Nov 09

Here's Why Safe Bulkers (NYSE:SB) Can Manage Its Debt Responsibly

Oct 19

Safe Bulkers to sell MV Pedhoulas Trader for $15.84M

Sep 26

There's Been No Shortage Of Growth Recently For Safe Bulkers' (NYSE:SB) Returns On Capital

Sep 20

Here's Why Safe Bulkers (NYSE:SB) Has Caught The Eye Of Investors

Aug 31

Safe Bulkers: A Value Shipper With A Big Dividend

Aug 21

Returns At Safe Bulkers (NYSE:SB) Are On The Way Up

May 24

Safe Bulkers: A Safer Voyage To Growth And Sustainability

Apr 06

Safe Bulkers Stock: Why Q4 2021 Results Make It Even Safer

Mar 12

Safe Bulkers: 3 Reasons Why It's Cheap

Jan 26

Earnings and Revenue Growth Forecasts

NYSE:SB - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	308	130	145	187	1
12/31/2025	323	81	66	135	2
12/31/2024	285	95	132	150	1
3/31/2024	299	75	-84	125	N/A
12/31/2023	284	69	-87	122	N/A
9/30/2023	289	77	-44	139	N/A
6/30/2023	318	113	-29	155	N/A
3/31/2023	339	147	7	190	N/A
12/31/2022	350	164	35	218	N/A
9/30/2022	356	193	116	225	N/A
6/30/2022	354	197	147	256	N/A
3/31/2022	344	178	130	239	N/A
12/31/2021	329	164	108	217	N/A
9/30/2021	289	105	87	183	N/A
6/30/2021	248	53	75	129	N/A
3/31/2021	215	6	49	100	N/A
12/31/2020	198	-25	13	63	N/A
9/30/2020	199	-29	-26	53	N/A
6/30/2020	198	-27	-7	55	N/A
3/31/2020	195	-11	12	51	N/A
12/31/2019	198	4	19	58	N/A
9/30/2019	197	10	21	67	N/A
6/30/2019	196	13	10	66	N/A
3/31/2019	198	16	29	75	N/A
12/31/2018	193	16	40	85	N/A
9/30/2018	183	-80	14	74	N/A
6/30/2018	170	-81	7	67	N/A
3/31/2018	158	-89	0	60	N/A
12/31/2017	148	-99	N/A	50	N/A
9/30/2017	137	-18	N/A	42	N/A
6/30/2017	127	-50	N/A	41	N/A
3/31/2017	118	-55	N/A	25	N/A
12/31/2016	110	-70	N/A	13	N/A
9/30/2016	108	-95	N/A	12	N/A
6/30/2016	114	-78	N/A	16	N/A
3/31/2016	120	-74	N/A	N/A	N/A
12/31/2015	127	-62	N/A	26	N/A
9/30/2015	136	-32	N/A	N/A	N/A
6/30/2015	139	-23	N/A	N/A	N/A
3/31/2015	145	-15	N/A	N/A	N/A
12/31/2014	154	5	N/A	44	N/A
9/30/2014	174	39	N/A	N/A	N/A
6/30/2014	180	52	N/A	N/A	N/A
3/31/2014	184	76	N/A	84	N/A
12/31/2013	187	81	N/A	101	N/A
9/30/2013	174	83	N/A	99	N/A
6/30/2013	179	93	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SB's forecast earnings growth (17% per year) is above the savings rate (2.4%).

Earnings vs Market: SB's earnings (17% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: SB's earnings are forecast to grow, but not significantly.

Revenue vs Market: SB's revenue is expected to decline over the next 3 years (-0.6% per year).

High Growth Revenue: SB's revenue is forecast to decline over the next 3 years (-0.6% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SB's Return on Equity is forecast to be low in 3 years time (7.8%).

Safe Bulkers Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus EPS estimates increase by 27%

Price target increased by 14% to US$4.79

Price target increased by 9.7% to US$4.19

Consensus EPS estimates increase by 17%

Consensus EPS estimates fall by 17%

Price target decreased by 15% to US$3.82

Recent updates

Safe Bulkers: Better Margins At A Cheaper Price

COO & Director notifies of intention to sell stock

President notifies of intention to sell stock

First quarter dividend of US$0.05 announced

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 27%

New major risk - Revenue and earnings growth

Safe Bulkers, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Safe Bulkers: Bet On Mid-Size Bulk Carriers With The Best In Class

Price target increased by 14% to US$4.79

Upcoming dividend of US$0.05 per share

Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05

Fourth quarter dividend of US$0.05 announced

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Safe Bulkers, Inc. Declares Cash Dividend, Payable on March 19, 2024

Safe Bulkers, Inc. to Report Q4, 2023 Results on Feb 12, 2024

Price target increased by 9.7% to US$4.19

Safe Bulkers: My Favorite Bulker Stock To Play The Shipping Cycle

Safe Bulkers: The Resurgence Of Repurchases Poised To Propel Stock Re-Rating

Safe Bulkers, Inc. (NYSE:SB) Surges 27% Yet Its Low P/E Is No Reason For Excitement

Safe Bulkers, Inc. Announces the Formation of A Board of Directors Committee on Environmental, Social and Governance

What Does Safe Bulkers, Inc.'s (NYSE:SB) Share Price Indicate?

Upcoming dividend of US$0.05 per share at 5.6% yield

Consensus EPS estimates increase by 17%

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Safe Bulkers, Inc. Declares Dividend on Common Stock, Payable on December 14, 2023

Safe Bulkers, Inc. to Report Q3, 2023 Results on Nov 07, 2023

Safe Bulkers: A Dry Bulk Shipping Value Opportunity

Consensus EPS estimates fall by 17%

Price target decreased by 15% to US$3.82

Upcoming dividend of US$0.05 per share at 6.0% yield

Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05

New minor risk - Profit margin trend

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Analysts Just Slashed Their Safe Bulkers, Inc. (NYSE:SB) EPS Numbers

Safe Bulkers, Inc. Declares Cash Dividend, Payable on September 1, 2023

Consensus EPS estimates fall by 30%

Safe Bulkers, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Safe Bulkers, Inc., Annual General Meeting, Sep 07, 2023

Safe Bulkers: A Decent Value In The Dry Bulk Space - Buy

Safe Bulkers (NYSE:SB) Is Paying Out A Dividend Of $0.05

Upcoming dividend of US$0.05 per share at 5.5% yield

Consensus revenue estimates fall by 11%

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Safe Bulkers, Inc. Declares Cash Dividend on Common Stock, Payable on June 7, 2023

Safe Bulkers, Inc. to Report Q1, 2023 Results on May 10, 2023

Investor sentiment improves as stock rises 15%

Safe Bulkers to acquire one Japanese Kamsarmax class dry-bulk vessel

Upcoming dividend of US$0.05 per share at 6.2% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Safe Bulkers, Inc. Reports Fourth Quarter Dividend, Payable on March 17, 2023

Safe Bulkers Non-GAAP EPS of $0.29 beats by $0.05, revenue of $86.7M beats by $15.4M

Safe Bulkers, Inc. to Report Q4, 2022 Results on Feb 14, 2023

Safe Bulkers: Limited Supply Makes Choppy Demand Easy Sailing

Safe Bulkers: Significantly Discounted Dry Bulk Play

Price target decreased to US$4.15

Safe Bulkers, Inc. (NYSE:SB) Analysts Just Trimmed Their Revenue Forecasts By 13%

Upcoming dividend of US$0.05 per share

Less than half of directors are independent

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Safe Bulkers, Inc. Declares Cash Dividend, Payable on December 15, 2022

Safe Bulkers Non-GAAP EPS of $0.39, revenue of $93.7M

Safe Bulkers, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Here's Why Safe Bulkers (NYSE:SB) Can Manage Its Debt Responsibly

Consensus EPS estimates fall by 16%

Price target decreased to US$5.20

Safe Bulkers to sell MV Pedhoulas Trader for $15.84M

There's Been No Shortage Of Growth Recently For Safe Bulkers' (NYSE:SB) Returns On Capital

Here's Why Safe Bulkers (NYSE:SB) Has Caught The Eye Of Investors