Scorpio Bulkers Inc. is a shipping company. The Company owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons (dwt). The Company operates through two segments: Kamsarmax and Ultramax. Its Kamsarmax segment includes vessels ranging from approximately 77,500 DWT to 98,700 DWT. Its Ultramax segment includes vessels ranging from approximately 60,200 DWT to 64,000 DWT. All of its owned vessels have carrying capacities of greater than 60,000 dwt. Its vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along shipping routes, and are employed primarily in the spot market or in spot market-oriented pools of similarly sized vessels. As of December 31, 2016, its operating fleet of 48 vessels consisted of 47 drybulk vessels and one chartered-in drybulk vessel. It also has a contract for the construction of one newbuilding drybulk vessel.
Industry, Sector and Symbol:
- Sector: Transportation
- Industry: Deep Sea Freight
- Sub-Industry: N/A
- Symbol: NYSE:SALT
- CUSIP: N/A
- Web: www.scorpiobulkers.com
- Market Cap: $581.05 million
- Outstanding Shares: 71,804,000
- 50 Day Moving Avg: $7.64
- 200 Day Moving Avg: $7.44
- 52 Week Range: $3.35 - $10.14
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -38.50
- P/E Growth: 0.00
- Annual Revenue: $123.25 million
- Price / Sales: 4.49
- Book Value: $12.76 per share
- Price / Book: 0.60
- EBIDTA: $610,000.00
- Net Margins: -72.87%
- Return on Equity: -7.52%
- Return on Assets: -4.58%
- Debt-to-Equity Ratio: 0.64%
- Current Ratio: 4.87%
- Quick Ratio: 4.87%
- Average Volume: 613,550 shs.
- Beta: 3.65
- Short Ratio: 4.62
Frequently Asked Questions for Scorpio Bulkers (NYSE:SALT)
What is Scorpio Bulkers' stock symbol?
Scorpio Bulkers trades on the New York Stock Exchange (NYSE) under the ticker symbol "SALT."
How will Scorpio Bulkers' stock buyback program work?
Scorpio Bulkers announced that its board has authorized a share repurchase plan on Thursday, September 14th 2017, which authorizes the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 10.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.
How were Scorpio Bulkers' earnings last quarter?
Scorpio Bulkers Inc. (NYSE:SALT) posted its quarterly earnings data on Monday, July, 24th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.18) by $0.01. The firm earned $37.70 million during the quarter, compared to analyst estimates of $38.78 million. Scorpio Bulkers had a negative net margin of 72.87% and a negative return on equity of 7.52%. The company's revenue for the quarter was up 116.7% on a year-over-year basis. During the same period last year, the business posted ($0.48) EPS. View Scorpio Bulkers' Earnings History.
When will Scorpio Bulkers make its next earnings announcement?
Where is Scorpio Bulkers' stock going? Where will Scorpio Bulkers' stock price be in 2017?
6 equities research analysts have issued 12 month target prices for Scorpio Bulkers' stock. Their forecasts range from $7.25 to $14.00. On average, they expect Scorpio Bulkers' stock price to reach $9.54 in the next year. View Analyst Ratings for Scorpio Bulkers.
Who are some of Scorpio Bulkers' key competitors?
Some companies that are related to Scorpio Bulkers include Seaspan Corporation (SSW), Star Bulk Carriers Corp. (SBLK), Costamare (CMRE), International Seaways (INSW), Capital Product Partners L.P. (CPLP), Diana Shipping inc. (DSX), Tsakos Energy Navigation Ltd (TNP), Navios Maritime Partners LP (NMM), Safe Bulkers (SB), Ardmore Shipping Corporation (ASC), DryShips (DRYS), Danaos Corporation (DAC), Hornbeck Offshore Services (HOS), StealthGas (GASS), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA) and Diana Containerships (DCIX).
Who are Scorpio Bulkers' key executives?
Scorpio Bulkers' management team includes the folowing people:
- Emanuele A. Lauro, Chairman of the Board, Chief Executive Officer
- Robert L. Bugbee, President, Director
- Hugh Baker, Chief Financial Officer
- Cameron K. Mackey, Chief Operating Officer
- Luca Forgione, General Counsel, Company Secretary
Who owns Scorpio Bulkers stock?
Scorpio Bulkers' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Evermore Global Advisors LLC (8.44%), Raynor Geoffrey (1.99%), Impala Asset Management LLC (1.78%), Royce & Associates LP (1.35%), State Street Corp (1.29%) and Hosking Partners LLP (1.27%). View Institutional Ownership Trends for Scorpio Bulkers.
Who sold Scorpio Bulkers stock? Who is selling Scorpio Bulkers stock?
Scorpio Bulkers' stock was sold by a variety of institutional investors in the last quarter, including Raynor Geoffrey, Boston Partners, Marshall Wace LLP, Impala Asset Management LLC, Engineers Gate Manager LP, Goldman Sachs Group Inc., Parametric Portfolio Associates LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Scorpio Bulkers.
Who bought Scorpio Bulkers stock? Who is buying Scorpio Bulkers stock?
Scorpio Bulkers' stock was acquired by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, Hourglass Capital LLC, Citadel Advisors LLC, Parallax Volatility Advisers L.P., Williams Jones & Associates LLC, Quantitative Investment Management LLC, State Street Corp and Airain ltd. View Insider Buying and Selling for Scorpio Bulkers.
How do I buy Scorpio Bulkers stock?
Shares of Scorpio Bulkers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Scorpio Bulkers' stock price today?
MarketBeat Community Rating for Scorpio Bulkers (NYSE SALT)MarketBeat's community ratings are surveys of what our community members think about Scorpio Bulkers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Scorpio Bulkers stock can currently be purchased for approximately $7.70.
Consensus Ratings for Scorpio Bulkers (NYSE:SALT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.67)|
|Consensus Price Target: ||$9.54 (23.92% upside)|
Analysts' Ratings History for Scorpio Bulkers (NYSE:SALT)
(Data available from 9/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/3/2017||Jefferies Group LLC||Reiterated Rating||Buy||$14.00||Medium|
|7/25/2017||Stifel Nicolaus||Reiterated Rating||Hold||$8.00||Low|
|4/23/2017||Credit Suisse Group||Reiterated Rating||Outperform||$10.00||Medium|
|3/28/2017||Morgan Stanley||Initiated Coverage||Equal -> Equal Weight||$10.50||Medium|
|1/18/2017||Evercore ISI||Upgrade||Hold -> Buy||$4.50 -> $7.50||N/A|
|1/3/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||$4.50 -> $7.25||N/A|
|8/2/2016||Seaport Global Securities||Reiterated Rating||Buy||$5.00||N/A|
|6/17/2016||Clarkson Capital||Upgrade||Neutral -> Buy||N/A|
|1/26/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$11.00||N/A|
Earnings History for Scorpio Bulkers (NYSE:SALT)Earnings History by Quarter for Scorpio Bulkers (NYSE SALT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/24/2017||Q2 2017||($0.18)||($0.19)||$38.78 million||$37.70 million||View||N/A|
|4/20/2017||Q1 2017||($0.20)||($0.23)||$33.92 million||$34.73 million||View||N/A|
|2/6/2017||Q416||($0.27)||($0.29)||$28.41 million||$26.85 million||View||Listen|
|10/31/2016||Q316||($0.29)||($0.30)||$24.30 million||$23.90 million||View||Listen|
|7/27/2016||Q216||($0.53)||($0.48)||$16.45 million||$17.37 million||View||Listen|
|5/3/2016||Q116||($1.11)||($1.12)||$11.03 million||$10.24 million||View||N/A|
|2/29/2016||Q415||($0.87)||($0.80)||$30.21 million||$22.02 million||View||Listen|
|11/2/2015||Q315||($0.06)||($0.05)||$26.98 million||$15.20 million||View||N/A|
|7/28/2015||Q215||($0.11)||($0.09)||$16.23 million||$12.78 million||View||Listen|
|4/28/2015||Q115||($0.11)||($0.10)||$14.37 million||$12.27 million||View||N/A|
|3/4/2015||Q414||($0.11)||($0.11)||$18.60 million||$17.70 million||View||N/A|
|10/29/2014||Q314||($0.14)||($0.12)||$18.70 million||$12.60 million||View||N/A|
|7/30/2014||Q214||($0.09)||($0.11)||$13.13 million||$13.18 million||View||N/A|
|4/30/2014||Q114||($0.02)||($0.08)||$4.41 million||$5.47 million||View||N/A|
Earnings Estimates for Scorpio Bulkers (NYSE:SALT)
Current Year EPS Consensus Estimate: $-0.65 EPS
Next Year EPS Consensus Estimate: $-0.2 EPS
Dividend History for Scorpio Bulkers (NYSE:SALT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Scorpio Bulkers (NYSE:SALT)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Scorpio Bulkers (NYSE:SALT)
Latest Headlines for Scorpio Bulkers (NYSE:SALT)
|Comparing StealthGas (GASS) & Scorpio Bulkers (SALT)|
www.americanbankingnews.com - September 18 at 12:30 AM
| Brokerages Anticipate Scorpio Bulkers Inc. (SALT) Will Post Quarterly Sales of $38.80 Million|
www.americanbankingnews.com - September 15 at 8:58 AM
|Scorpio Bulkers, Inc. – Value Analysis (NYSE:SALT) : September 15, 2017|
finance.yahoo.com - September 15 at 8:34 AM
|Scorpio Bulkers (SALT) to Repurchase $50.00 million in Outstanding Shares|
www.americanbankingnews.com - September 14 at 11:17 AM
|Scorpio Bulkers, Inc. breached its 50 day moving average in a Bearish Manner : SALT-US : September 13, 2017|
finance.yahoo.com - September 14 at 9:38 AM
|Scorpio Bulkers Inc. Authorizes $50 Million Share Repurchase Program|
finance.yahoo.com - September 14 at 9:38 AM
|Zacks: Analysts Anticipate Scorpio Bulkers Inc (SALT) to Announce -$0.15 Earnings Per Share|
www.americanbankingnews.com - September 13 at 9:30 AM
|[$$] Shipowners Rejoice Over Rising Demand for Commodities|
finance.yahoo.com - September 13 at 8:47 AM
|ValuEngine Lowers Scorpio Bulkers Inc. (SALT) to Sell|
www.americanbankingnews.com - September 7 at 11:22 PM
|Initiating Research Reports on Shipping Equities -- Navios Maritime Partners, Scorpio Bulkers, Euronav, and DHT Holdings|
www.bizjournals.com - September 6 at 7:59 AM
|Scorpio Bulkers Inc. (SALT) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - September 5 at 12:32 PM
|Safe Bulkers: Another Look At This 9.6% Preferred Stock Yielder|
seekingalpha.com - September 4 at 6:25 AM
|Scorpio Bulkers Inc. (SALT) Expected to Post Quarterly Sales of $38.80 Million|
www.americanbankingnews.com - August 27 at 4:46 AM
|-$0.15 EPS Expected for Scorpio Bulkers Inc. (SALT) This Quarter|
www.americanbankingnews.com - August 25 at 10:06 PM
|Comparing Hornbeck Offshore Services (HOS) & Scorpio Bulkers (SALT)|
www.americanbankingnews.com - August 24 at 12:20 AM
|Scorpio Bulkers Inc. (SALT) Upgraded to "Hold" by BidaskClub|
www.americanbankingnews.com - August 17 at 7:16 AM
|Sell Diana Shipping Inc. Due To Its Evaporating Liquidity; Buy Star Bulk Carriers And Scorpio Bulkers As A Hedge - Seeking Alpha|
seekingalpha.com - August 15 at 3:33 PM
|ETFs with exposure to Scorpio Bulkers, Inc. : August 11, 2017|
finance.yahoo.com - August 12 at 7:36 AM
|Edited Transcript of SALT earnings conference call or presentation 24-Jul-17 1:00pm GMT|
finance.yahoo.com - August 12 at 7:36 AM
|Scorpio Bulkers Inc. (NYSE:SALT) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - August 11 at 6:18 PM
|$38.80 Million in Sales Expected for Scorpio Bulkers Inc. (NYSE:SALT) This Quarter|
www.americanbankingnews.com - August 9 at 7:20 AM
|Scorpio Bulkers Inc.: Solid Earnings, Don't Expect A Dividend Quite Yet - Seeking Alpha|
seekingalpha.com - August 7 at 3:16 PM
|-$0.15 Earnings Per Share Expected for Scorpio Bulkers Inc. (NYSE:SALT) This Quarter|
www.americanbankingnews.com - August 7 at 12:12 PM
|Financial Review: Star Bulk Carriers Corp. (SBLK) and Scorpio Bulkers (SALT)|
www.americanbankingnews.com - August 3 at 10:26 PM
|Scorpio Bulkers Inc. (NYSE:SALT) Downgraded by BidaskClub|
www.americanbankingnews.com - July 29 at 12:30 PM
|Scorpio Bulkers, Inc. :SALT-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017|
finance.yahoo.com - July 29 at 7:01 AM
|Scorpio Bulkers Inc (NYSE:SALT) Rating Reiterated by Stifel Nicolaus|
www.americanbankingnews.com - July 25 at 9:32 PM
|Investor Network: Scorpio Bulkers, Inc. to Host Earnings Call|
finance.yahoo.com - July 25 at 6:27 AM
|Scorpio Bulkers Inc. Announces Financial Results for the Second Quarter of 2017|
finance.yahoo.com - July 25 at 6:27 AM
|Scorpio Bulkers Inc. (NYSE:SALT) Issues Earnings Results, Misses Estimates By $0.02 EPS|
www.americanbankingnews.com - July 24 at 5:24 PM
|Scorpio Bulkers Inc. (NYSE:SALT) Raised to "Hold" at Zacks Investment Research|
www.americanbankingnews.com - July 22 at 7:28 AM
|Scorpio Bulkers Inc. (SALT) Given "Hold" Rating at Stifel Nicolaus|
www.americanbankingnews.com - July 19 at 12:21 PM
|Scorpio Bulkers Inc. (NYSE:SALT) Receives Average Recommendation of "Hold" from Analysts|
www.americanbankingnews.com - July 17 at 12:32 PM
|Scorpio Bulkers Inc. To Announce Second Quarter 2017 Results ... - GlobeNewswire (press release)|
globenewswire.com - July 12 at 7:37 AM
|Scorpio Bulkers Inc. To Announce Second Quarter 2017 Results|
feeds.benzinga.com - July 11 at 6:46 PM
|Scorpio Bulkers (SALT) vs. Ardmore Shipping Corporation (ASC) Financial Analysis|
www.americanbankingnews.com - June 28 at 7:56 AM
|Scorpio Bulkers, Inc. – Value Analysis (NYSE:SALT) : June 27, 2017|
finance.yahoo.com - June 27 at 7:45 PM
|Scorpio Bulkers, Inc. breached its 50 day moving average in a Bullish Manner : SALT-US : June 26, 2017|
finance.yahoo.com - June 27 at 8:02 AM
|$38.98 Million in Sales Expected for Scorpio Bulkers Inc. (SALT) This Quarter|
www.americanbankingnews.com - June 24 at 10:42 AM
|-$0.15 Earnings Per Share Expected for Scorpio Bulkers Inc. (SALT) This Quarter|
www.americanbankingnews.com - June 22 at 8:20 AM
|Scorpio Bulkers Inc. (SALT) Downgraded to "Sell" at Zacks Investment Research|
www.americanbankingnews.com - June 22 at 7:22 AM
|Scorpio Bulkers Inc. (SALT) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - June 20 at 10:30 AM
|Why Scorpio Bulkers Inc Stock Tumbled 22% in May|
finance.yahoo.com - June 8 at 3:17 AM
|ETFs with exposure to Scorpio Bulkers, Inc. : June 2, 2017|
finance.yahoo.com - June 2 at 11:35 PM
|Scorpio Bulkers Inc (SALT) Downgraded to Hold at Zacks Investment Research|
www.americanbankingnews.com - May 30 at 9:32 PM
|$38.98 Million in Sales Expected for Scorpio Bulkers Inc (SALT) This Quarter|
www.americanbankingnews.com - May 28 at 7:48 AM
|Time To Shift Our Attention In Drybulk|
seekingalpha.com - May 27 at 8:02 PM
|Scorpio Bulkers Inc (SALT) Expected to Announce Earnings of -$0.15 Per Share|
www.americanbankingnews.com - May 26 at 10:12 PM
|Scorpio Bulkers Inc (SALT) Given Consensus Rating of "Buy" by Analysts|
www.americanbankingnews.com - May 26 at 1:30 PM
|Scorpio Bulkers Inc. Announces Purchase of Common Shares by ... - GlobeNewswire (press release)|
globenewswire.com - May 26 at 6:44 AM
Scorpio Bulkers (SALT) Chart for Thursday, September, 21, 2017