Safe Bulkers Past Earnings Performance
Past criteria checks 3/6
Safe Bulkers has been growing earnings at an average annual rate of 32.2%, while the Shipping industry saw earnings growing at 40.5% annually. Revenues have been growing at an average rate of 10.7% per year. Safe Bulkers's return on equity is 12.8%, and it has net margins of 30.7%.
Key information
32.2%
Earnings growth rate
32.5%
EPS growth rate
| Shipping Industry Growth | 51.9% |
| Revenue growth rate | 10.7% |
| Return on equity | 12.8% |
| Net Margin | 30.7% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Safe Bulkers: Maintaining Buy Rating On This Quality Shipper
Dec 21Safe Bulkers' (NYSE:SB) Earnings Are Weaker Than They Seem
Nov 20
Safe Bulkers: Idea For Income-Oriented Investors That Seek Upside Potential
Oct 18Investors Continue Waiting On Sidelines For Safe Bulkers, Inc. (NYSE:SB)
Oct 15Safe Bulkers: The PullBack Might Not Be Over
Aug 17Safe Bulkers (NYSE:SB) Will Pay A Dividend Of $0.05
Aug 02At US$5.13, Is It Time To Put Safe Bulkers, Inc. (NYSE:SB) On Your Watch List?
Jul 31Safe Bulkers: Better Margins At A Cheaper Price
May 31Safe Bulkers: Bet On Mid-Size Bulk Carriers With The Best In Class
Apr 10Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05
Feb 21Safe Bulkers: My Favorite Bulker Stock To Play The Shipping Cycle
Jan 08Safe Bulkers: The Resurgence Of Repurchases Poised To Propel Stock Re-Rating
Dec 27Safe Bulkers, Inc. (NYSE:SB) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Dec 02What Does Safe Bulkers, Inc.'s (NYSE:SB) Share Price Indicate?
Nov 17Safe Bulkers: A Dry Bulk Shipping Value Opportunity
Oct 12Safe Bulkers (NYSE:SB) Is Due To Pay A Dividend Of $0.05
Aug 01Analysts Just Slashed Their Safe Bulkers, Inc. (NYSE:SB) EPS Numbers
Jul 28Safe Bulkers: A Decent Value In The Dry Bulk Space - Buy
Jun 25Safe Bulkers (NYSE:SB) Is Paying Out A Dividend Of $0.05
May 23Safe Bulkers to acquire one Japanese Kamsarmax class dry-bulk vessel
Feb 21Safe Bulkers Non-GAAP EPS of $0.29 beats by $0.05, revenue of $86.7M beats by $15.4M
Feb 14Safe Bulkers: Limited Supply Makes Choppy Demand Easy Sailing
Jan 24Safe Bulkers: Significantly Discounted Dry Bulk Play
Jan 14Safe Bulkers, Inc. (NYSE:SB) Analysts Just Trimmed Their Revenue Forecasts By 13%
Nov 18Safe Bulkers Non-GAAP EPS of $0.39, revenue of $93.7M
Nov 09Here's Why Safe Bulkers (NYSE:SB) Can Manage Its Debt Responsibly
Oct 19Safe Bulkers to sell MV Pedhoulas Trader for $15.84M
Sep 26There's Been No Shortage Of Growth Recently For Safe Bulkers' (NYSE:SB) Returns On Capital
Sep 20Here's Why Safe Bulkers (NYSE:SB) Has Caught The Eye Of Investors
Aug 31Safe Bulkers: A Value Shipper With A Big Dividend
Aug 21Revenue & Expenses Breakdown
How Safe Bulkers makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 318 | 98 | 26 | 0 |
| 30 Jun 24 | 307 | 88 | 25 | 0 |
| 31 Mar 24 | 299 | 75 | 24 | 0 |
| 31 Dec 23 | 284 | 69 | 24 | 0 |
| 30 Sep 23 | 289 | 77 | 23 | 0 |
| 30 Jun 23 | 318 | 113 | 23 | 0 |
| 31 Mar 23 | 339 | 147 | 22 | 0 |
| 31 Dec 22 | 350 | 164 | 22 | 0 |
| 30 Sep 22 | 356 | 193 | 21 | 0 |
| 30 Jun 22 | 354 | 197 | 22 | 0 |
| 31 Mar 22 | 344 | 178 | 22 | 0 |
| 31 Dec 21 | 329 | 164 | 22 | 0 |
| 30 Sep 21 | 289 | 105 | 23 | 0 |
| 30 Jun 21 | 248 | 53 | 22 | 0 |
| 31 Mar 21 | 215 | 6 | 22 | 0 |
| 31 Dec 20 | 198 | -25 | 22 | 0 |
| 30 Sep 20 | 199 | -29 | 21 | 0 |
| 30 Jun 20 | 198 | -27 | 21 | 0 |
| 31 Mar 20 | 195 | -11 | 21 | 0 |
| 31 Dec 19 | 198 | 4 | 21 | 0 |
| 30 Sep 19 | 197 | 10 | 21 | 0 |
| 30 Jun 19 | 196 | 13 | 21 | 0 |
| 31 Mar 19 | 198 | 16 | 20 | 0 |
| 31 Dec 18 | 193 | 16 | 19 | 0 |
| 30 Sep 18 | 183 | -80 | 18 | 0 |
| 30 Jun 18 | 170 | -81 | 17 | 0 |
| 31 Mar 18 | 158 | -89 | 16 | 0 |
| 31 Dec 17 | 148 | -99 | 16 | 0 |
| 30 Sep 17 | 137 | -18 | 12 | 0 |
| 30 Jun 17 | 127 | -50 | 12 | 0 |
| 31 Mar 17 | 118 | -55 | 12 | 0 |
| 31 Dec 16 | 110 | -70 | 15 | 0 |
| 30 Sep 16 | 108 | -95 | 12 | 0 |
| 30 Jun 16 | 114 | -78 | 12 | 0 |
| 31 Mar 16 | 120 | -74 | 12 | 0 |
| 31 Dec 15 | 127 | -62 | 15 | 0 |
| 30 Sep 15 | 136 | -32 | 10 | 0 |
| 30 Jun 15 | 139 | -23 | 9 | 0 |
| 31 Mar 15 | 145 | -15 | 9 | 0 |
| 31 Dec 14 | 154 | 5 | 9 | 0 |
| 30 Sep 14 | 174 | 39 | 10 | 0 |
| 30 Jun 14 | 180 | 52 | 9 | 0 |
| 31 Mar 14 | 184 | 76 | 8 | 0 |
| 31 Dec 13 | 187 | 81 | 8 | 0 |
Quality Earnings: SB has a large one-off gain of $19.0M impacting its last 12 months of financial results to 30th September, 2024.
Growing Profit Margin: SB's current net profit margins (30.7%) are higher than last year (26.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SB's earnings have grown significantly by 32.2% per year over the past 5 years.
Accelerating Growth: SB's earnings growth over the past year (27.4%) is below its 5-year average (32.2% per year).
Earnings vs Industry: SB earnings growth over the past year (27.4%) exceeded the Shipping industry 27.4%.
Return on Equity
High ROE: SB's Return on Equity (12.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:27 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Safe Bulkers, Inc. is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kenneth Hoexter | BofA Global Research |
| Noah Parquette | Canaccord Genuity |
| Natasha Boyden | Cantor Fitzgerald & Co. |