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

$5.93
+0.27 (+4.77 %)
(As of 08/19/2019 04:00 PM ET)
Today's Range
$5.77
Now: $5.93
$5.99
50-Day Range
$4.96
MA: $5.82
$6.63
52-Week Range
$3.57
Now: $5.93
$7.46
Volume416,900 shs
Average Volume419,010 shs
Market Capitalization$429.85 million
P/E RatioN/A
Dividend Yield1.41%
Beta2.32
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. Read More…

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$1.1084 per share
Book Value$12.33 per share

Profitability

Net Income$-12,700,000.00

Miscellaneous

Employees6
Market Cap$429.85 million
Next Earnings Date10/28/2019 (Estimated)
OptionableOptionable

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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, July 22nd. Stockholders of record on Thursday, August 15th will be given a dividend of $0.02 per share on Friday, September 13th. This represents a $0.08 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, August 14th. View Scorpio Bulkers' Dividend History.

How will Scorpio Bulkers' stock buyback program work?

Scorpio Bulkers declared that its Board of Directors has approved a stock buyback program on Thursday, September 14th 2017, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 10.2% of its stock through open market purchases. Stock repurchase programs 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) announced its quarterly earnings results on Monday, July, 22nd. The shipping company reported ($0.15) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.18) by $0.03. The shipping company earned $49.10 million during the quarter, compared to the consensus estimate of $48 million. Scorpio Bulkers had a negative return on equity of 0.31% and a net margin of 10.47%. The firm's revenue for the quarter was down 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 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, October 28th 2019. View Earnings Estimates for Scorpio Bulkers.

What price target have analysts set for SALT?

5 Wall Street analysts have issued twelve-month target prices for Scorpio Bulkers' stock. Their predictions range from $8.00 to $10.00. On average, they expect Scorpio Bulkers' stock price to reach $8.70 in the next twelve months. This suggests a possible upside of 46.7% from the stock's current price. View Analyst Price Targets for Scorpio Bulkers.

What is the consensus analysts' recommendation for Scorpio Bulkers?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Bulkers in the last year. There are currently 1 hold rating and 4 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?

News coverage about SALT stock has been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Scorpio Bulkers earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned news coverage about the shipping company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Scorpio Bulkers.

Are investors shorting Scorpio Bulkers?

Scorpio Bulkers saw a decrease in short interest in July. As of July 31st, there was short interest totalling 2,069,500 shares, a decrease of 28.6% from the June 30th total of 2,899,200 shares. Based on an average daily trading volume, of 400,500 shares, the days-to-cover ratio is presently 5.2 days. Approximately 3.6% of the company's shares are short sold. View Scorpio Bulkers' Current Options Chain.

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 Omeros (OMER), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), Golden Ocean Group (GOGL), General Electric (GE), Array Biopharma (ARRY), Micron Technology (MU), QUALCOMM (QCOM), Alcoa (AA) and AbbVie (ABBV).

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 Mackey, Chief Operating Officer (Age 51)
  • Ms. Yang Fan, Sec. (Age 30)

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.70%), Bank of New York Mellon Corp (3.33%), Renaissance Technologies LLC (2.11%), Hourglass Capital LLC (1.21%), Northern Trust Corp (0.71%) and JPMorgan Chase & Co. (0.66%).

Which institutional investors are selling Scorpio Bulkers stock?

SALT stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, BlackRock Inc., Northern Trust Corp, Invesco Ltd., Wells Fargo & Company MN and BNP Paribas Arbitrage SA.

Which institutional investors are buying Scorpio Bulkers stock?

SALT stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Renaissance Technologies LLC, Hourglass Capital LLC, Campbell & CO Investment Adviser LLC, A.R.T. Advisors LLC, Tower Research Capital LLC TRC , Vanguard Group Inc. and D. E. Shaw & Co. 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, Scottrade, Fidelity and Charles Schwab.

What is Scorpio Bulkers' stock price today?

One share of SALT stock can currently be purchased for approximately $5.93.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $429.85 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.

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:  2.5 out of 5 (star star half star)
Outperform Votes:  337 (Vote Outperform)
Underperform Votes:  326 (Vote Underperform)
Total Votes:  663
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 8/19/2019 by MarketBeat.com Staff

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