Scorpio Bulkers - SALT Stock Forecast, Price & News

Scorpio Bulkers Inc. (NYSE:SALT) released its earnings results on Monday, February, 1st. The shipping company reported ($40.90) earnings per share for the quarter, missing the consensus estimate of ($0.28) by $40.62. Scorpio Bulkers had a negative net margin of 109.97% and a negative trailing twelve-month return on equity of 2.90%.

Scorpio Bulkers (NYSE:SALT) pays an annual dividend of $0.20 per share and currently has a dividend yield of 1.00%. The dividend payout ratio is 1.68%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SALT.

Shares of Scorpio Bulkers reverse split before market open on 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 stock prior to the reverse split would have 10 shares after the split.

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."

One share of SALT stock can currently be purchased for approximately $7.90.

Scorpio Bulkers (NYSE:SALT) has a market capitalization of $90.42 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' mailing address is 9 BOULEVARD CHARLES III, Monaco O9, 98000. The official website for the company is www.scorpiobulkers.com. The shipping company can be reached via phone at 377-9798-5715.