Scorpio Bulkers Stock Forecast, Price & News

Scorpio Bulkers' stock was trading at $2.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, SALT stock has increased by 562.6% and is now trading at $17.56.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Bulkers in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Scorpio Bulkers stock.
View analyst ratings for Scorpio Bulkers or view MarketBeat's top 5 stock picks.

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538 employees have rated Scorpio Bulkers CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among Scorpio Bulkers' employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Scorpio Bulkers is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
View our earnings forecast for Scorpio Bulkers.

Scorpio Bulkers Inc. (NYSE:SALT) announced its quarterly earnings data on Tuesday, October, 27th. The shipping company reported ($1.45) earnings per share for the quarter, missing analysts' consensus estimates of ($1.05) by $0.40. The shipping company had revenue of $46.69 million for the quarter, compared to analysts' expectations of $47.93 million. Scorpio Bulkers had a negative net margin of 109.97% and a negative return on equity of 2.90%.
View Scorpio Bulkers' earnings history.

Scorpio Bulkers declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 13th will be given a dividend of $0.05 per share on Tuesday, December 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, November 12th.
View Scorpio Bulkers' dividend history.

Scorpio Bulkers pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.08%. The dividend payout ratio of Scorpio Bulkers is 1.68%. This payout ratio is at a healthy, sustainable level, below 75%.
View Scorpio Bulkers' dividend history.

Shares of Scorpio Bulkers reverse split on the morning of Tuesday, April 7th 2020. The 1-10 reverse split was announced on Friday, April 3rd 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, April 6th 2020. An investor that had 100 shares of Scorpio Bulkers stock prior to the reverse split would have 10 shares after the split.

6 brokers have issued 1-year price targets for Scorpio Bulkers' stock. Their forecasts range from $22.00 to $50.00. On average, they anticipate Scorpio Bulkers' stock price to reach $35.83 in the next twelve months. This suggests a possible upside of 104.1% from the stock's current price.
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Some companies that are related to Scorpio Bulkers include Scorpio Tankers (STNG), Danaos (DAC), Dorian LPG (LPG), Navigator (NVGS), TORM (TRMD), Genco Shipping & Trading (GNK), Teekay (TK), Global Ship Lease (GSL), Eagle Bulk Shipping (EGLE), Diana Shipping (DSX), Overseas Shipholding Group (OSG), Safe Bulkers (SB), Capital Product Partners (CPLP), Navios Maritime Containers (NMCI) and Navios Maritime Partners (NMM).
View all of SALT's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Scorpio Bulkers investors own include Scorpio Tankers (STNG), Golden Ocean Group (GOGL), Omeros (OMER), Capital Product Partners (CPLP), Star Bulk Carriers (SBLK), Energy Transfer (ET), General Electric (GE), Safe Bulkers (SB), Teekay LNG Partners (TGP) and AbbVie (ABBV).

Scorpio Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SALT."

Scorpio Bulkers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Evermore Global Advisors LLC (1.69%).

SALT stock was bought by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC.

Shares of SALT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SALT stock can currently be purchased for approximately $17.56.

Scorpio Bulkers has a market capitalization of $200.99 million and generates $224.58 million in revenue each year. The shipping company earns $44.65 million in net income (profit) each year or $11.90 on an earnings per share basis. Scorpio Bulkers employs 7 workers across the globe.

The official website for Scorpio Bulkers is www.scorpiobulkers.com.

Scorpio Bulkers' mailing address is 9 BOULEVARD CHARLES III, Monaco O9, 98000. The shipping company can be reached via phone at 377-9798-5715.