# Safe Bulkers, Inc. (SB)

> Source: Nexqual · https://nexqual.com/SB · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Safe Bulkers, Inc. (SB), nexqual.com/SB" · informational, not investment advice.

**Price:** USD 8.09 (+2.15% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 7.92 · day 7.81–8.15 · 52w 4.42–9.31 · market cap $921M · NYQ

## Key facts
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 9.5 (range 9.2–9.8).
- Total return with dividends: 1Y +86.8% vs S&P 500 +13.4%; 5Y +125.5% vs S&P 500 +76.9%.
- Next earnings: 2026-11-25, EPS estimate USD 0.27, revenue estimate $82.6M.

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 9.5 (low 9.2, high 9.8).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +86.8% | +125.5% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +87.2% | +17.7% |
| Volatility (annualized) | 37.0% | 36.5% |
| Max drawdown | -14.9% (Sep 2026→Oct 2026) | -48.6% (May 2022→Sep 2022) |

## Peers (Marine Shipping)
CCEC (Capital Clean Energy Carriers C) USD 20.27 +0.15% · CMRE (Costamare Inc.) USD 14.02 -0.92% · SFL (SFL Corporation Ltd) USD 12.66 +2.59% · HOS (Hornbeck Offshore Services, Inc) USD 7.1 +8.07% · NMM (Navios Maritime Partners LP) USD 89.37 +1.23% · SBLK (Star Bulk Carriers Corp.) USD 28.98 +1.15%

## More
Full page: https://nexqual.com/SB · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in SB's own 20-F filed 2026-03-04 (https://www.sec.gov/Archives/edgar/data/1434754/000162828026014408/sb-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Safe Bulkers Management | "In May 2008, we entered into a management agreement with Safety Management and in May 2015, we entered into a management agreement with Safe Bulkers Management, pursuant to which our Managers provided us with our executi…" |
| Partner | Vorini Holdings | "In connection with the closing of our initial public offering, we entered into a registration rights agreement with Vorini Holdings Inc., one of our principal shareholders, pursuant to which we have granted it and certai…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.27 | $0.23 | +15.2% | $82.6M | 2 |
| Next quarter (ends 2026-12-31) | $0.30 | $0.31 | -1.6% | $87.2M | 2 |
| Current fiscal year (ends 2026-12-31) | $1.03 | $0.81 | +27.8% | $322.1M | 2 |
| Next fiscal year (ends 2027-12-31) | $0.70 | $0.45 | +55.6% | $290.8M | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2027-01-15 (includes earnings 2026-11-25): ±14.3%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2027-01-15 | 84 | 37.8% | ±14.3% |
| 2027-04-16 | 175 | 37.2% | ±20.1% |