Scorpio Tankers (STNG) Projected to Post Earnings on Wednesday

Scorpio Tankers (NYSE:STNG - Get Free Report) will likely be releasing its Q2 2025 earnings data before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $219.26 million for the quarter.

Scorpio Tankers (NYSE:STNG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The shipping company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.32. Scorpio Tankers had a net margin of 48.08% and a return on equity of 12.30%. The business had revenue of $204.20 million for the quarter, compared to the consensus estimate of $205.89 million. During the same quarter in the previous year, the firm earned $3.97 earnings per share. The company's revenue for the quarter was down 45.3% on a year-over-year basis. On average, analysts expect Scorpio Tankers to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Scorpio Tankers Price Performance

STNG stock traded down $0.52 during trading on Friday, reaching $44.12. The company's stock had a trading volume of 617,295 shares, compared to its average volume of 1,348,734. The company has a market capitalization of $2.25 billion, a P/E ratio of 4.35 and a beta of -0.04. The company has a quick ratio of 4.12, a current ratio of 4.20 and a debt-to-equity ratio of 0.30. The company's fifty day moving average is $41.91 and its 200-day moving average is $41.77. Scorpio Tankers has a 1 year low of $30.63 and a 1 year high of $77.83.

Scorpio Tankers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were paid a $0.40 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 3.63%. Scorpio Tankers's payout ratio is 15.76%.

Hedge Funds Weigh In On Scorpio Tankers

A hedge fund recently raised its stake in Scorpio Tankers stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Scorpio Tankers Inc. (NYSE:STNG - Free Report) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,500 shares of the shipping company's stock after buying an additional 1,144 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Scorpio Tankers worth $996,000 as of its most recent SEC filing. Institutional investors own 54.64% of the company's stock.

Analyst Upgrades and Downgrades

STNG has been the subject of a number of research analyst reports. Jefferies Financial Group restated a "buy" rating and set a $65.00 price objective on shares of Scorpio Tankers in a research report on Thursday, May 1st. Evercore ISI reduced their target price on shares of Scorpio Tankers from $60.00 to $57.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Fearnley Fonds raised Scorpio Tankers from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $60.50.

About Scorpio Tankers

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.