NYSE:SALT - Scorpio Bulkers Stock Price, Forecast & News

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

Scorpio Bulkers declared a quarterly dividend on Wednesday, October 23rd. Shareholders of record on Friday, November 15th will be given a dividend of $0.02 per share on Friday, December 13th. This represents a $0.08 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, November 14th. View Scorpio Bulkers' Dividend History.

Scorpio Bulkers Inc (NYSE:SALT) released its quarterly earnings results on Wednesday, October, 23rd. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The shipping company earned $63.20 million during the quarter, compared to analyst estimates of $60.63 million. Scorpio Bulkers had a net margin of 9.74% and a negative return on equity of 0.74%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. View Scorpio Bulkers' Earnings History.

Scorpio Bulkers is scheduled to release their next quarterly earnings announcement on Monday, January 27th 2020. View Earnings Estimates for Scorpio Bulkers.

4 analysts have issued 1-year price targets for Scorpio Bulkers' shares. Their forecasts range from $8.00 to $9.00. On average, they expect Scorpio Bulkers' share price to reach $8.50 in the next twelve months. This suggests a possible upside of 42.9% from the stock's current price. View Analyst Price Targets for Scorpio Bulkers.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Bulkers in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Scorpio Bulkers.

Media coverage about SALT stock has been trending extremely positive this week, InfoTrie reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Scorpio Bulkers earned a daily sentiment score of 4.1 on InfoTrie's scale. They also gave news coverage about the shipping company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the next several days. View News Stories for Scorpio Bulkers.

Scorpio Bulkers saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 1,250,000 shares, a decline of 17.8% from the September 30th total of 1,520,000 shares. Based on an average daily volume of 382,100 shares, the short-interest ratio is presently 3.3 days. Currently, 2.1% of the company's shares are sold short. View Scorpio Bulkers' Current Options Chain.

Some companies that are related to Scorpio Bulkers include DHT (DHT), COSTAMARE INC/SH (CMRE), Star Bulk Carriers (SBLK), PAC BASIN SHIPP/ADR (PCFBY), Seacor (CKH), Dorian LPG (LPG), Navigator (NVGS), Teekay (TK), DryShips (DRYS), Genco Shipping & Trading (GNK), Eagle Bulk Shipping (EGLE), Diana Shipping (DSX), TSAKOS ENERGY N/SH (TNP), Ardmore Shipping (ASC) and SEACOR Marine (SMHI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Scorpio Bulkers investors own include Omeros (OMER), Star Bulk Carriers (SBLK), Golden Ocean Group (GOGL), Scorpio Tankers (STNG), Ford Motor (F), General Electric (GE), Array Biopharma (ARRY), Micron Technology (MU), Advanced Micro Devices (AMD) and Arrowhead Pharmaceuticals (ARWR).

Scorpio Bulkers' stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (1.31%), Millennium Management LLC (1.00%), Valueworks LLC (0.69%), California Public Employees Retirement System (0.25%), Bay Colony Advisory Group Inc d b a Bay Colony Advisors (0.23%) and Rhumbline Advisers (0.11%).

SALT stock was sold by a variety of institutional investors in the last quarter, including Valueworks LLC, Barclays PLC, Voya Investment Management LLC and Sippican Capital Advisors.

SALT stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Bay Colony Advisory Group Inc d b a Bay Colony Advisors, California Public Employees Retirement System, Rhumbline Advisers and State Street Corp.

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

One share of SALT stock can currently be purchased for approximately $5.95.

Scorpio Bulkers has a market capitalization of $431.30 million and generates $242.50 million in revenue each year. The shipping company earns $-12,700,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis. Scorpio Bulkers employs 6 workers across the globe.View Additional Information About Scorpio Bulkers.

The official website for Scorpio Bulkers is http://www.scorpiobulkers.com/.

Scorpio Bulkers' mailing address is 9 BOULEVARD CHARLES III, Monaco O9, MC98000. The shipping company can be reached via phone at (011)377 9798 5716.