Safe Bulkers will report 3Q2011 financials on October 17th, 2011

They might meet these estimates because the Baltic Dry Index has increased slightly in 3Q2011 compared to 2Q2011.  The stock price will get hammered if the S&P turns down, the Baltic Dry Index turns down, or it the EPS numbers are below estimates.  We haven’t seen the bottom in Safe Bulkers yet.

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press release

Oct. 11, 2011, 9:26 a.m. EDT

Safe Bulkers, Inc. Sets Date for Third Quarter 2011 Results, Dividend Announcement, Conference Call and Webcast

Earnings Release: Monday, October 17, 2011, After Market Closes; Conference Call and Webcast: Tuesday, October 18, 2011 at 09:00 A.M. EDT

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ATHENS, GREECE, Oct 11, 2011 (MARKETWIRE via COMTEX) — Safe Bulkers, Inc. (the Company) /quotes/zigman/512899/quotes/nls/sb SB +2.21% , an international provider of marine drybulk transportation services, announced today that it will release its results for the quarter ended September 30, 2011 after the market closes in New York on Monday, October 17, 2011. The Company also expects to announce the declaration of a dividend for the third quarter 2011 at that time.

On Tuesday, October 18, 2011 at 9:00 A.M. EDT, the Company’s management team will host a conference call to discuss the financial results.

Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1 (866) 819-7111 (US Toll Free Dial In), 0(800) 953-0329 (UK Toll Free Dial In) or +44 (0)1452-542-301 (Standard International Dial In). Please quote "Safe Bulkers" to the operator.

A telephonic replay of the conference call will be available until October 25, 2011 by dialing 1 (866) 247-4222 (US Toll Free Dial In), 0(800) 953-1533 (UK Toll Free Dial In) or +44 (0)1452 550-000 (Standard International Dial In). Access Code: 1859591#

Slides and audio webcast: There will also be a live, and then archived, webcast of the conference call, available through the Company’s website ( http://www.safebulkers.com ). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About Safe Bulkers, Inc. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock is listed on the NYSE, where it trades under the symbol "SB." The Company’s current fleet consists of 17 drybulk vessels, all built post-2003, and the Company has contracted to acquire 10 additional drybulk newbuild vessels to be delivered at various times through 2014.

Link to original press release: http://www.marketwatch.com/story/safe-bulkers-inc-sets-date-for-third-quarter-2011-results-dividend-announcement-conference-call-and-webcast-2011-10-11?reflink=MW_news_stmp

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Published in: on October 11, 2011 at 2:56 pm  Leave a Comment  

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