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Safe Bulkers, Inc. (NYSE:SB) is one of the best NYSE penny stocks to invest in now. On July 29, the company announced its Q2 2025 earnings results, reporting an EPS of $0.01 for the quarter, which was $0.05 below the analyst consensus estimate. The company’s revenue came in at $65.7 million, exceeding the analyst consensus estimate of $61.42 million.
Net income declined to $1.7 million from $27.6 million reported in Q2 2024, and net revenues decreased by 16.3% to $65.75 million compared to the same quarter last year. Adjusted EBITDA for the quarter also fell to $25.9 million from $50.7 million in Q2 2024. The company stated that the decline in revenues was mainly due to a weaker charter market and reduced earnings from scrubber-fitted vessels (ships equipped with devices to reduce emissions).
The average daily Time Charter Equivalent (TCE) rate decreased from $18,650 in Q2 2024 to $14,857 in Q2 2025. The company operated an average of 46.75 vessels during the quarter, slightly higher than the 45.43 vessels in Q2 2024. Be that as it may, Safe Bulkers declared a quarterly cash dividend of $0.05 per share. The dividend will be paid on September 5, 2025, and marks the company’s fifteenth consecutive payout.
Safe Bulkers, Inc. (NYSE:SB) is a Monaco-based provider of marine dry bulk transportation services. It owns and operates a fleet of bulk carriers that transport commodities worldwide. Safe Bulkers’ core business is dry bulk shipping, supported by long-term charter contracts.
While we acknowledge the potential of SB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best Low-Priced Stocks to Buy Right Now and 11 Best Canadian Gold Stocks to Buy According to Hedge Funds.
Disclosure: None. This article is originally published at Insider Monkey.
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