{
  "id": 19359629,
  "title": "Earnings call transcript: Safe Bulkers tops Q3 2026 estimates as shares rise",
  "url": "https://urgent.news/2026/11/10/earnings-call-transcript-safe-bulkers-tops-q3-2026-estimates-as",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T16:22:40.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-safe-bulkers-tops-q3-2026-estimates-as-shares-rise-93CH-5016278"
  },
  "original_language": "en",
  "account": "Safe Bulkers exceeded analyst expectations in its third quarter of 2026, reporting adjusted earnings per share of $0.31 on revenue of $91.03 million, surpassing forecasts of $0.28 and $85.9 million, respectively. The dry bulk shipping company's adjusted EBITDA rose to $63.8 million, up 76.7% year-over-year, accompanied by an average time charter equivalent rate of $21,235 per day, marking a 37% increase from the previous year.\n\nThe company's stock climbed 3.19% to $7.45 in after-hours trading following the earnings release. Safe Bulkers' dividend was raised to $0.09 per share, and it continued its buyback program. Management credited stronger charter rates, a modern fleet, and steady operational execution for the impressive results. The company's fleet is notably younger, with an average age of 9.8 years, compared to the global average of 12.5 years, contributing to better fuel efficiency and access to premium trades.\n\nThe company's gross profit margin of 63.64% ranks among the strongest in the sector. With a P/E ratio of 9.64 and a PEG ratio of just 0.13, Safe Bulkers appears attractively valued relative to its growth prospects. Investors can access detailed valuation metrics and exclusive Fair Value analysis through InvestingPro subscriptions.\n\nSafe Bulkers' stock is trading above its 52-week low of $4.662 and below its 52-week high of $9.312, indicating that the market has partly, but not fully, priced in the company's improved earnings power. The company remains optimistic for the next two to three quarters, citing robust freight market conditions and favorable Capesize vessel rates.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}