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NYSE:SALT

Scorpio Bulkers Stock Forecast, Price & News

$12.87
+0.38 (+3.04 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$12.40
Now: $12.87
$13.62
50-Day Range
$11.69
MA: $13.91
$16.57
52-Week Range
$10.85
Now: $12.87
$77.80
Volume275,225 shs
Average Volume189,534 shs
Market Capitalization$159.42 million
P/E RatioN/A
Dividend Yield1.60%
Beta1.19
Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. The company owns and operates 55 vessels, including 54 wholly-owned or finance leased drybulk vessels comprising 17 Kamsarmax vessels and 37 Ultramax vessels; and 1 time chartered-in Ultramax vessel. Scorpio Bulkers Inc. was founded in 2013 and is based in Monaco.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.77 out of 5 stars


Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
CUSIPN/A
Phone377-9798-5715

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$224.58 million
Cash Flow$20.76 per share
Book Value$120.71 per share

Profitability

Net Income$44.65 million

Miscellaneous

Employees6
Market Cap$159.42 million
Next Earnings Date10/28/2020 (Estimated)
OptionableOptionable
$12.87
+0.38 (+3.04 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Scorpio Bulkers (NYSE:SALT) Frequently Asked Questions

How has Scorpio Bulkers' stock price been impacted by COVID-19?

Scorpio Bulkers' stock was trading at $2.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SALT stock has increased by 385.7% and is now trading at $12.87.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Scorpio Bulkers?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Bulkers in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Scorpio Bulkers
.

When is Scorpio Bulkers' next earnings date?

Scorpio Bulkers is scheduled to release its next quarterly earnings announcement on Wednesday, October 28th 2020.
View our earnings forecast for Scorpio Bulkers
.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) announced its quarterly earnings data on Monday, August, 3rd. The shipping company reported ($3.94) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($3.78) by $0.16. The shipping company had revenue of $26.17 million for the quarter, compared to analyst estimates of $27.64 million. Scorpio Bulkers had a negative net margin of 82.21% and a negative return on equity of 1.40%.
View Scorpio Bulkers' earnings history
.

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

Scorpio Bulkers declared a quarterly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of $0.05 per share on Tuesday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, August 13th.
View Scorpio Bulkers' dividend history
.

When did Scorpio Bulkers' stock split? How did Scorpio Bulkers' stock split work?

Scorpio Bulkers shares 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 closing bell 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.

What price target have analysts set for SALT?

6 brokerages have issued twelve-month price targets for Scorpio Bulkers' stock. Their forecasts range from $22.00 to $50.00. On average, they anticipate Scorpio Bulkers' share price to reach $38.33 in the next year. This suggests a possible upside of 197.9% from the stock's current price.
View analysts' price targets for Scorpio Bulkers
.

Are investors shorting Scorpio Bulkers?

Scorpio Bulkers saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 495,100 shares, a decrease of 28.3% from the August 31st total of 690,900 shares. Based on an average daily volume of 266,700 shares, the days-to-cover ratio is currently 1.9 days. Approximately 6.3% of the shares of the stock are short sold.
View Scorpio Bulkers' Short Interest
.

Who are some of Scorpio Bulkers' key competitors?

What other stocks do shareholders of Scorpio Bulkers own?

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

Who are Scorpio Bulkers' key executives?

Scorpio Bulkers' management team includes the following people:
  • Mr. Emanuele A. Lauro, Co-Founder, Chairman & CEO (Age 40)
  • Mr. Robert L. Bugbee, Co-Founder, Pres & Director (Age 59)
  • Mr. Hugh Baker, Chief Financial Officer (Age 51)
  • Mr. Cameron Mackey, Chief Operating Officer (Age 51)
  • Ms. Yang Fan, Sec. (Age 30)

What is Scorpio Bulkers' stock symbol?

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

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by many different institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (2.37%), Hosking Partners LLP (0.72%), Jefferies Group LLC (0.69%), Tudor Investment Corp Et Al (0.38%), Bridgeway Capital Management Inc. (0.37%) and UBS Group AG (0.26%).

Which institutional 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, Hosking Partners LLP, Bridgeway Capital Management Inc., UBS Group AG, Jeereddi Investments LP, Goldman Sachs Group Inc., California Public Employees Retirement System, and Charles Schwab Investment Management Inc..

Which institutional investors are buying Scorpio Bulkers stock?

SALT stock was acquired by a variety of institutional investors in the last quarter, including Jefferies Group LLC, and Federated Hermes Inc..

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, Robinhood, Fidelity, and Charles Schwab.

What is Scorpio Bulkers' stock price today?

One share of SALT stock can currently be purchased for approximately $12.87.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $159.42 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 employs 6 workers across the globe.

What is Scorpio Bulkers' official website?

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

How can I contact Scorpio Bulkers?

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

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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