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

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$4.68 +0.18 (+4.00 %)
(As of 02/18/2019 06:47 AM ET)
Previous Close$4.50
Today's Range$4.53 - $4.79
52-Week Range$3.89 - $8.45
Volume535,134 shs
Average Volume372,913 shs
Market Capitalization$333.30 million
P/E Ratio-156.00
Dividend Yield1.78%
Beta2.14
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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$242.50 million
Cash Flow$1.0759 per share
Book Value$12.09 per share

Profitability

Net Income$-12,690,000.00

Miscellaneous

Employees6
Market Cap$333.30 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 Monday, January 28th. Stockholders of record on Friday, February 15th will be paid a dividend of $0.02 per share on Friday, March 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, February 14th. View Scorpio Bulkers' Dividend History.

How will Scorpio Bulkers' stock buyback program work?

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

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) issued its earnings results on Monday, January, 28th. The shipping company reported $0.02 EPS for the quarter, missing the Zacks' consensus estimate of $0.10 by $0.08. The shipping company earned $65.20 million during the quarter, compared to the consensus estimate of $70.61 million. Scorpio Bulkers had a negative net margin of 5.24% and a negative return on equity of 0.19%. The business's revenue was up 27.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) 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, April 22nd 2019. View Earnings Estimates for Scorpio Bulkers.

What price target have analysts set for SALT?

8 brokerages have issued 12 month price targets 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 103.0% 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 somewhat positive on Monday, according to InfoTrie. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Scorpio Bulkers earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned news coverage about the shipping company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.

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 40)
  • Mr. Robert L. Bugbee, Co-Founder, Pres & Director (Age 59)
  • Mr. Hugh Baker, Chief Financial Officer (Age 51)
  • Mr. Cameron L. Mackey, Chief Operating Officer (Age 51)
  • Ms. Yang Fan, Sec.

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Evermore Global Advisors LLC (8.77%), Dimensional Fund Advisors LP (4.36%), BlackRock Inc. (4.30%), Bank of New York Mellon Corp (3.90%), Royce & Associates LP (1.84%) and Hosking Partners LLP (1.57%).

Which institutional investors are selling Scorpio Bulkers stock?

SALT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Evermore Global Advisors LLC, Hourglass Capital LLC, Northern Trust Corp and Barclays PLC.

Which institutional investors are buying Scorpio Bulkers stock?

SALT stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Hosking Partners LLP, GeoSphere Capital Management LLC, BlackRock Inc., Geode Capital Management LLC, Royce & Associates LP and Rhumbline Advisers.

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 $4.68.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $333.30 million and generates $242.50 million in revenue each year. The shipping company earns $-12,690,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis. Scorpio Bulkers employs 6 workers across the globe.

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:  311 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  603
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 2/18/2019 by MarketBeat.com Staff

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