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

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$6.20 -0.10 (-1.59 %)
(As of 12/13/2018 05:23 AM ET)
Previous Close$6.30
Today's Range$6.16 - $6.46
52-Week Range$5.25 - $8.45
Volume560,800 shs
Average Volume509,677 shs
Market Capitalization$462.19 million
P/E Ratio-10.88
Dividend Yield1.29%
Beta2.8
Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers along worldwide shipping routes. As of December 31, 2017, the company owned or finance leased 55 vessels comprising 18 Kamsarmax vessels and 37 Ultramax vessels. Scorpio Bulkers Inc. was founded in 2013 and is based in Monaco, Monaco.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
Current SymbolNYSE:SALT
Previous Symbol
CUSIPN/A
Phone377-9798-5715

Debt

Debt-to-Equity Ratio0.73
Current Ratio1.07
Quick Ratio1.07

Price-To-Earnings

Trailing P/E Ratio-10.88
Forward P/E Ratio88.57
P/E GrowthN/A

Sales & Book Value

Annual Sales$162.21 million
Price / Sales2.88
Cash Flow$0.3468 per share
Price / Cash Flow17.88
Book Value$12.25 per share
Price / Book0.51

Profitability

EPS (Most Recent Fiscal Year)($0.57)
Net Income$-59,720,000.00
Net Margins-2.80%
Return on Equity-0.49%
Return on Assets-0.27%

Miscellaneous

Employees6
Outstanding Shares75,400,000
Market Cap$462.19 million
OptionableOptionable

Scorpio Bulkers (NYSE:SALT) Frequently Asked Questions

What is Scorpio Bulkers' stock symbol?

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

How often does Scorpio Bulkers pay dividends? What is the dividend yield for Scorpio Bulkers?

Scorpio Bulkers declared a quarterly dividend on Tuesday, October 23rd. Stockholders of record on Wednesday, November 14th will be paid a dividend of $0.02 per share on Friday, December 14th. This represents a $0.08 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Tuesday, November 13th. View Scorpio Bulkers' Dividend History.

How will Scorpio Bulkers' stock buyback program work?

Scorpio Bulkers announced that its Board of Directors has initiated a share buyback plan on Thursday, September 14th 2017, which permits the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 10.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) posted its quarterly earnings data on Monday, October, 22nd. The shipping company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.03 by $0.01. The shipping company had revenue of $62.40 million for the quarter, compared to analyst estimates of $62.66 million. Scorpio Bulkers had a negative return on equity of 0.49% and a negative net margin of 2.80%. The company's revenue was up 61.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) EPS. View Scorpio Bulkers' Earnings History.

When is Scorpio Bulkers' next earnings date?

Scorpio Bulkers is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for Scorpio Bulkers.

What price target have analysts set for SALT?

8 Wall Street analysts have issued twelve-month target prices for Scorpio Bulkers' shares. Their forecasts range from $8.00 to $13.00. On average, they anticipate Scorpio Bulkers' stock price to reach $9.50 in the next twelve months. This suggests a possible upside of 53.2% from the stock's current price. View Analyst Price Targets for Scorpio Bulkers.

What is the consensus analysts' recommendation for Scorpio Bulkers?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Bulkers in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Scorpio Bulkers.

Has Scorpio Bulkers been receiving favorable news coverage?

Media stories about SALT stock have been trending neutral this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Scorpio Bulkers earned a news sentiment score of 0.3 on InfoTrie's scale. They also gave media coverage about the shipping company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the next few days.

Who are some of Scorpio Bulkers' key competitors?

Who are Scorpio Bulkers' key executives?

Scorpio Bulkers' management team includes the folowing people:
  • Mr. Emanuele A. Lauro, Co-Founder, Chairman & CEO (Age 39)
  • Mr. Robert L. Bugbee, Co-Founder, Pres & Director (Age 58)
  • Mr. Hugh Baker, Chief Financial Officer (Age 50)
  • Mr. Cameron L. Mackey, Chief Operating Officer (Age 50)
  • Ms. Anoushka Kachelo, Corp. Sec. (Age 38)

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by a number of of institutional and retail investors. Top institutional investors include Evermore Global Advisors LLC (8.43%), Evermore Global Advisors LLC (4.16%), BlackRock Inc. (3.93%), Dimensional Fund Advisors LP (3.49%), Bank of New York Mellon Corp (2.20%) and Renaissance Technologies LLC (1.53%).

Which major investors are selling Scorpio Bulkers stock?

SALT stock was sold by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, Renaissance Technologies LLC, Hourglass Capital LLC, Evermore Global Advisors LLC, JPMorgan Chase & Co. and JPMorgan Chase & Co..

Which major investors are buying Scorpio Bulkers stock?

SALT stock was acquired by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Bank of New York Mellon Corp, Bluefin Trading LLC, Virtu Financial LLC, Russell Investments Group Ltd., BlackRock Inc., Vanguard Group Inc. and GSA Capital Partners LLP.

How do I buy shares of Scorpio Bulkers?

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, Scottrade, Fidelity and Charles Schwab.

What is Scorpio Bulkers' stock price today?

One share of SALT stock can currently be purchased for approximately $6.20.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $462.19 million and generates $162.21 million in revenue each year. The shipping company earns $-59,720,000.00 in net income (profit) each year or ($0.57) on an earnings per share basis. Scorpio Bulkers employs 6 workers across the globe.

What is Scorpio Bulkers' official website?

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

How can I contact Scorpio Bulkers?

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


MarketBeat Community Rating for Scorpio Bulkers (NYSE SALT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  305 (Vote Outperform)
Underperform Votes:  282 (Vote Underperform)
Total Votes:  587
MarketBeat's community ratings are surveys of what our community members think about Scorpio Bulkers and other stocks. Vote "Outperform" if you believe SALT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SALT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/13/2018 by MarketBeat.com Staff

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