NYSE:SALT - Scorpio Bulkers Stock Price, Price Target & More

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$7.25 +0.05 (+0.69 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$7.20
Today's Range$7.10 - $7.35
52-Week Range$6.50 - $8.85
Volume604,375 shs
Average Volume500,119 shs
Market Capitalization$559.27 million
P/E Ratio-12.72
Dividend Yield1.10%
Beta3.1
Scorpio Bulkers logoScorpio 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
SymbolNYSE:SALT
CUSIPN/A
Phone377-9798-5715

Debt

Debt-to-Equity Ratio0.73
Current Ratio1.20
Quick Ratio1.20

Price-To-Earnings

Trailing P/E Ratio-12.72
Forward P/E Ratio51.79
P/E GrowthN/A

Sales & Book Value

Annual Sales$162.21 million
Price / Sales3.45
Cash Flow$0.3430 per share
Price / Cash21.14
Book Value$12.25 per share
Price / Book0.59

Profitability

EPS (Most Recent Fiscal Year)($0.57)
Net Income$-59,720,000.00
Net Margins-17.02%
Return on Equity-3.32%
Return on Assets-1.94%

Miscellaneous

Employees6
Outstanding Shares77,140,000
Market Cap$559.27

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 announced a quarterly dividend on Friday, April 20th. Investors of record on Tuesday, May 15th will be given a dividend of $0.02 per share on Thursday, May 31st. This represents a $0.08 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Monday, May 14th. View Scorpio Bulkers' Dividend History.

How will Scorpio Bulkers' stock buyback program work?

Scorpio Bulkers declared that its Board of Directors has initiated a share repurchase plan on Thursday, September 14th 2017, which permits the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 10.2% of its shares through open market purchases. Shares buyback plans are usually 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 results on Monday, April, 23rd. The shipping company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by $0.05. The shipping company had revenue of $54.20 million for the quarter, compared to analysts' expectations of $53.57 million. Scorpio Bulkers had a negative return on equity of 3.32% and a negative net margin of 17.02%. The company's revenue was up 56.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.23) earnings per share. 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, July, 23rd 2018. View Earnings Estimates for Scorpio Bulkers.

What price target have analysts set for SALT?

4 brokerages have issued 1-year price objectives for Scorpio Bulkers' shares. Their predictions range from $8.50 to $14.00. On average, they expect Scorpio Bulkers' stock price to reach $10.3750 in the next twelve months. This suggests a possible upside of 43.1% from the stock's current price. View Analyst Ratings for Scorpio Bulkers.

What is the consensus analysts' recommendation 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."

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)

Has Scorpio Bulkers been receiving favorable news coverage?

News coverage about SALT stock has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Scorpio Bulkers earned a media sentiment score of 0.16 on Accern's scale. They also gave news stories about the shipping company an impact score of 46.25 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next few days.

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by a number of of retail and institutional investors. Top institutional investors include Campbell & CO Investment Adviser LLC (0.06%). View Institutional Ownership Trends for Scorpio Bulkers.

Which institutional investors are buying Scorpio Bulkers stock?

SALT stock was bought by a variety of institutional investors in the last quarter, including Campbell & CO Investment Adviser LLC. View Insider Buying and Selling for Scorpio Bulkers.

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 $7.25.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $559.27 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.

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:  269 (Vote Outperform)
Underperform Votes:  251 (Vote Underperform)
Total Votes:  520
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 7/20/2018 by MarketBeat.com Staff

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