Scorpio Bulkers Company Profile (NYSE:SALT)

About Scorpio Bulkers (NYSE:SALT)

Scorpio Bulkers logoScorpio Bulkers Inc. is a shipping company. The Company owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons (dwt). The Company operates through two segments: Kamsarmax and Ultramax. Its Kamsarmax segment includes vessels ranging from approximately 77,500 DWT to 98,700 DWT. Its Ultramax segment includes vessels ranging from approximately 60,200 DWT to 64,000 DWT. All of its owned vessels have carrying capacities of greater than 60,000 dwt. Its vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along shipping routes, and are employed primarily in the spot market or in spot market-oriented pools of similarly sized vessels. As of December 31, 2016, its operating fleet of 48 vessels consisted of 47 drybulk vessels and one chartered-in drybulk vessel. It also has a contract for the construction of one newbuilding drybulk vessel.

Industry, Sector and Symbol:
  • Sector: Transportation
  • Industry: Deep Sea Freight
  • Sub-Industry: N/A
  • Symbol: NYSE:SALT
  • CUSIP: N/A
  • Web: www.scorpiobulkers.com
Capitalization:
  • Market Cap: $520.58 million
  • Outstanding Shares: 71,804,000
Average Prices:
  • 50 Day Moving Avg: $7.64
  • 200 Day Moving Avg: $7.44
  • 52 Week Range: $3.35 - $10.14
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -27.88
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $123.25 million
  • Price / Sales: 4.22
  • Book Value: $12.76 per share
  • Price / Book: 0.57
Profitability:
  • EBIDTA: $610,000.00
  • Net Margins: -72.87%
  • Return on Equity: -7.52%
  • Return on Assets: -4.58%
Debt:
  • Debt-to-Equity Ratio: 0.64%
  • Current Ratio: 4.87%
  • Quick Ratio: 4.87%
Misc:
  • Average Volume: 613,550 shs.
  • Beta: 3.65
  • Short Ratio: 4.62
 

Frequently Asked Questions for Scorpio Bulkers (NYSE:SALT)

What is Scorpio Bulkers' stock symbol?

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

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 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 10.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc. (NYSE:SALT) issued its quarterly earnings results on Monday, July, 24th. The company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by $0.01. The company had revenue of $37.70 million for the quarter, compared to analyst estimates of $38.78 million. Scorpio Bulkers had a negative return on equity of 7.52% and a negative net margin of 72.87%. The firm's revenue was up 116.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.48) EPS. View Scorpio Bulkers' Earnings History.

When will Scorpio Bulkers make its next earnings announcement?

Scorpio Bulkers is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Scorpio Bulkers.

Where is Scorpio Bulkers' stock going? Where will Scorpio Bulkers' stock price be in 2017?

6 analysts have issued twelve-month price targets for Scorpio Bulkers' stock. Their forecasts range from $7.25 to $14.00. On average, they expect Scorpio Bulkers' stock price to reach $9.54 in the next year. View Analyst Ratings for Scorpio Bulkers.

Who are some of Scorpio Bulkers' key competitors?

Who are Scorpio Bulkers' key executives?

Scorpio Bulkers' management team includes the folowing people:

  • Emanuele A. Lauro, Chairman of the Board, Chief Executive Officer
  • Robert L. Bugbee, President, Director
  • Hugh Baker, Chief Financial Officer
  • Cameron K. Mackey, Chief Operating Officer
  • Luca Forgione, General Counsel, Company Secretary

Who owns Scorpio Bulkers stock?

Scorpio Bulkers' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Evermore Global Advisors LLC (8.44%), Raynor Geoffrey (1.99%), Impala Asset Management LLC (1.78%), Royce & Associates LP (1.35%), State Street Corp (1.29%) and Hosking Partners LLP (1.27%). View Institutional Ownership Trends for Scorpio Bulkers.

Who sold Scorpio Bulkers stock? Who is selling Scorpio Bulkers stock?

Scorpio Bulkers' stock was sold by a variety of institutional investors in the last quarter, including Raynor Geoffrey, Boston Partners, Marshall Wace LLP, Impala Asset Management LLC, Engineers Gate Manager LP, Goldman Sachs Group Inc., Parametric Portfolio Associates LLC and Schwab Charles Investment Management Inc.. View Insider Buying and Selling for Scorpio Bulkers.

Who bought Scorpio Bulkers stock? Who is buying Scorpio Bulkers stock?

Scorpio Bulkers' stock was purchased by a variety of institutional investors in the last quarter, including Evermore Global Advisors LLC, Hourglass Capital LLC, Citadel Advisors LLC, Parallax Volatility Advisers L.P., Williams Jones & Associates LLC, Quantitative Investment Management LLC, State Street Corp and Airain ltd. View Insider Buying and Selling for Scorpio Bulkers.

How do I buy Scorpio Bulkers stock?

Shares of Scorpio Bulkers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Scorpio Bulkers' stock price today?

One share of Scorpio Bulkers stock can currently be purchased for approximately $7.25.


MarketBeat Community Rating for Scorpio Bulkers (NYSE SALT)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  202 (Vote Outperform)
Underperform Votes:  161 (Vote Underperform)
Total Votes:  363
MarketBeat's community ratings are surveys of what our community members think about Scorpio Bulkers and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Scorpio Bulkers (NYSE:SALT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $9.54 (31.61% upside)

Analysts' Ratings History for Scorpio Bulkers (NYSE:SALT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/3/2017Jefferies Group LLCReiterated RatingBuy$14.00MediumView Rating Details
7/25/2017Stifel NicolausReiterated RatingHold$8.00LowView Rating Details
4/23/2017Credit Suisse GroupReiterated RatingOutperform$10.00MediumView Rating Details
3/28/2017Morgan StanleyInitiated CoverageEqual -> Equal Weight$10.50MediumView Rating Details
1/18/2017Evercore ISIUpgradeHold -> Buy$4.50 -> $7.50N/AView Rating Details
1/3/2017Deutsche Bank AGUpgradeHold -> Buy$4.50 -> $7.25N/AView Rating Details
8/2/2016Seaport Global SecuritiesReiterated RatingBuy$5.00N/AView Rating Details
6/17/2016Clarkson CapitalUpgradeNeutral -> BuyN/AView Rating Details
1/26/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$11.00N/AView Rating Details
(Data available from 9/24/2015 forward)

Earnings

Earnings History for Scorpio Bulkers (NYSE:SALT)
Earnings by Quarter for Scorpio Bulkers (NYSE:SALT)
Earnings History by Quarter for Scorpio Bulkers (NYSE SALT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017($0.15)N/AView Earnings Details
7/24/2017Q2 2017($0.18)($0.19)$38.78 million$37.70 millionViewN/AView Earnings Details
4/20/2017Q1 2017($0.20)($0.23)$33.92 million$34.73 millionViewN/AView Earnings Details
2/6/2017Q416($0.27)($0.29)$28.41 million$26.85 millionViewListenView Earnings Details
10/31/2016Q316($0.29)($0.30)$24.30 million$23.90 millionViewListenView Earnings Details
7/27/2016Q216($0.53)($0.48)$16.45 million$17.37 millionViewListenView Earnings Details
5/3/2016Q116($1.11)($1.12)$11.03 million$10.24 millionViewN/AView Earnings Details
2/29/2016Q415($0.87)($0.80)$30.21 million$22.02 millionViewListenView Earnings Details
11/2/2015Q315($0.06)($0.05)$26.98 million$15.20 millionViewN/AView Earnings Details
7/28/2015Q215($0.11)($0.09)$16.23 million$12.78 millionViewListenView Earnings Details
4/28/2015Q115($0.11)($0.10)$14.37 million$12.27 millionViewN/AView Earnings Details
3/4/2015Q414($0.11)($0.11)$18.60 million$17.70 millionViewN/AView Earnings Details
10/29/2014Q314($0.14)($0.12)$18.70 million$12.60 millionViewN/AView Earnings Details
7/30/2014Q214($0.09)($0.11)$13.13 million$13.18 millionViewN/AView Earnings Details
4/30/2014Q114($0.02)($0.08)$4.41 million$5.47 millionViewN/AView Earnings Details
3/4/2014($0.01)($0.04)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Scorpio Bulkers (NYSE:SALT)
Current Year EPS Consensus Estimate: $-0.68 EPS
Next Year EPS Consensus Estimate: $-0.26 EPS

Dividends

Dividend History for Scorpio Bulkers (NYSE:SALT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading History for Scorpio Bulkers (NYSE:SALT)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Scorpio Bulkers (NYSE:SALT)
Latest Headlines for Scorpio Bulkers (NYSE:SALT)
Source:
DateHeadline
americanbankingnews.com logoScorpio Bulkers Inc. (SALT) Stock Rating Upgraded by BidaskClub
www.americanbankingnews.com - September 21 at 10:16 PM
americanbankingnews.com logoComparing StealthGas (GASS) & Scorpio Bulkers (SALT)
www.americanbankingnews.com - September 18 at 12:30 AM
americanbankingnews.com logo Brokerages Anticipate Scorpio Bulkers Inc. (SALT) Will Post Quarterly Sales of $38.80 Million
www.americanbankingnews.com - September 15 at 8:58 AM
finance.yahoo.com logoScorpio Bulkers, Inc. – Value Analysis (NYSE:SALT) : September 15, 2017
finance.yahoo.com - September 15 at 8:34 AM
americanbankingnews.com logoScorpio Bulkers (SALT) to Repurchase $50.00 million in Outstanding Shares
www.americanbankingnews.com - September 14 at 11:17 AM
finance.yahoo.com logoScorpio Bulkers, Inc. breached its 50 day moving average in a Bearish Manner : SALT-US : September 13, 2017
finance.yahoo.com - September 14 at 9:38 AM
finance.yahoo.com logoScorpio Bulkers Inc. Authorizes $50 Million Share Repurchase Program
finance.yahoo.com - September 14 at 9:38 AM
americanbankingnews.com logoZacks: Analysts Anticipate Scorpio Bulkers Inc (SALT) to Announce -$0.15 Earnings Per Share
www.americanbankingnews.com - September 13 at 9:30 AM
finance.yahoo.com logo[$$] Shipowners Rejoice Over Rising Demand for Commodities
finance.yahoo.com - September 13 at 8:47 AM
americanbankingnews.com logoValuEngine Lowers Scorpio Bulkers Inc. (SALT) to Sell
www.americanbankingnews.com - September 7 at 11:22 PM
bizjournals.com logoInitiating Research Reports on Shipping Equities -- Navios Maritime Partners, Scorpio Bulkers, Euronav, and DHT Holdings
www.bizjournals.com - September 6 at 7:59 AM
americanbankingnews.com logoScorpio Bulkers Inc. (SALT) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 5 at 12:32 PM
seekingalpha.com logoSafe Bulkers: Another Look At This 9.6% Preferred Stock Yielder
seekingalpha.com - September 4 at 6:25 AM
americanbankingnews.com logoScorpio Bulkers Inc. (SALT) Expected to Post Quarterly Sales of $38.80 Million
www.americanbankingnews.com - August 27 at 4:46 AM
americanbankingnews.com logo-$0.15 EPS Expected for Scorpio Bulkers Inc. (SALT) This Quarter
www.americanbankingnews.com - August 25 at 10:06 PM
americanbankingnews.com logoComparing Hornbeck Offshore Services (HOS) & Scorpio Bulkers (SALT)
www.americanbankingnews.com - August 24 at 12:20 AM
americanbankingnews.com logoScorpio Bulkers Inc. (SALT) Upgraded to "Hold" by BidaskClub
www.americanbankingnews.com - August 17 at 7:16 AM
seekingalpha.com logoSell Diana Shipping Inc. Due To Its Evaporating Liquidity; Buy Star Bulk Carriers And Scorpio Bulkers As A Hedge - Seeking Alpha
seekingalpha.com - August 15 at 3:33 PM
finance.yahoo.com logoETFs with exposure to Scorpio Bulkers, Inc. : August 11, 2017
finance.yahoo.com - August 12 at 7:36 AM
finance.yahoo.com logoEdited Transcript of SALT earnings conference call or presentation 24-Jul-17 1:00pm GMT
finance.yahoo.com - August 12 at 7:36 AM
americanbankingnews.com logoScorpio Bulkers Inc. (NYSE:SALT) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - August 11 at 6:18 PM
americanbankingnews.com logo$38.80 Million in Sales Expected for Scorpio Bulkers Inc. (NYSE:SALT) This Quarter
www.americanbankingnews.com - August 9 at 7:20 AM
seekingalpha.com logoScorpio Bulkers Inc.: Solid Earnings, Don't Expect A Dividend Quite Yet - Seeking Alpha
seekingalpha.com - August 7 at 3:16 PM
americanbankingnews.com logo-$0.15 Earnings Per Share Expected for Scorpio Bulkers Inc. (NYSE:SALT) This Quarter
www.americanbankingnews.com - August 7 at 12:12 PM
americanbankingnews.com logoFinancial Review: Star Bulk Carriers Corp. (SBLK) and Scorpio Bulkers (SALT)
www.americanbankingnews.com - August 3 at 10:26 PM
americanbankingnews.com logoScorpio Bulkers Inc. (NYSE:SALT) Downgraded by BidaskClub
www.americanbankingnews.com - July 29 at 12:30 PM
finance.yahoo.com logoScorpio Bulkers, Inc. :SALT-US: Earnings Analysis: Q2, 2017 By the Numbers : July 28, 2017
finance.yahoo.com - July 29 at 7:01 AM
americanbankingnews.com logoScorpio Bulkers Inc (NYSE:SALT) Rating Reiterated by Stifel Nicolaus
www.americanbankingnews.com - July 25 at 9:32 PM
finance.yahoo.com logoInvestor Network: Scorpio Bulkers, Inc. to Host Earnings Call
finance.yahoo.com - July 25 at 6:27 AM
finance.yahoo.com logoScorpio Bulkers Inc. Announces Financial Results for the Second Quarter of 2017
finance.yahoo.com - July 25 at 6:27 AM
americanbankingnews.com logoScorpio Bulkers Inc. (NYSE:SALT) Issues Earnings Results, Misses Estimates By $0.02 EPS
www.americanbankingnews.com - July 24 at 5:24 PM
americanbankingnews.com logoScorpio Bulkers Inc. (NYSE:SALT) Raised to "Hold" at Zacks Investment Research
www.americanbankingnews.com - July 22 at 7:28 AM
americanbankingnews.com logoScorpio Bulkers Inc. (SALT) Given "Hold" Rating at Stifel Nicolaus
www.americanbankingnews.com - July 19 at 12:21 PM
americanbankingnews.com logoScorpio Bulkers Inc. (NYSE:SALT) Receives Average Recommendation of "Hold" from Analysts
www.americanbankingnews.com - July 17 at 12:32 PM
globenewswire.com logoScorpio Bulkers Inc. To Announce Second Quarter 2017 Results ... - GlobeNewswire (press release)
globenewswire.com - July 12 at 7:37 AM
feeds.benzinga.com logoScorpio Bulkers Inc. To Announce Second Quarter 2017 Results
feeds.benzinga.com - July 11 at 6:46 PM
americanbankingnews.com logoScorpio Bulkers (SALT) vs. Ardmore Shipping Corporation (ASC) Financial Analysis
www.americanbankingnews.com - June 28 at 7:56 AM
finance.yahoo.com logoScorpio Bulkers, Inc. – Value Analysis (NYSE:SALT) : June 27, 2017
finance.yahoo.com - June 27 at 7:45 PM
finance.yahoo.com logoScorpio Bulkers, Inc. breached its 50 day moving average in a Bullish Manner : SALT-US : June 26, 2017
finance.yahoo.com - June 27 at 8:02 AM
americanbankingnews.com logo$38.98 Million in Sales Expected for Scorpio Bulkers Inc. (SALT) This Quarter
www.americanbankingnews.com - June 24 at 10:42 AM
americanbankingnews.com logo-$0.15 Earnings Per Share Expected for Scorpio Bulkers Inc. (SALT) This Quarter
www.americanbankingnews.com - June 22 at 8:20 AM
americanbankingnews.com logoScorpio Bulkers Inc. (SALT) Downgraded to "Sell" at Zacks Investment Research
www.americanbankingnews.com - June 22 at 7:22 AM
americanbankingnews.com logoScorpio Bulkers Inc. (SALT) Given Average Recommendation of "Buy" by Analysts
www.americanbankingnews.com - June 20 at 10:30 AM
finance.yahoo.com logoWhy Scorpio Bulkers Inc Stock Tumbled 22% in May
finance.yahoo.com - June 8 at 3:17 AM
finance.yahoo.com logoETFs with exposure to Scorpio Bulkers, Inc. : June 2, 2017
finance.yahoo.com - June 2 at 11:35 PM
americanbankingnews.com logoScorpio Bulkers Inc (SALT) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - May 30 at 9:32 PM
americanbankingnews.com logo$38.98 Million in Sales Expected for Scorpio Bulkers Inc (SALT) This Quarter
www.americanbankingnews.com - May 28 at 7:48 AM
seekingalpha.com logoTime To Shift Our Attention In Drybulk
seekingalpha.com - May 27 at 8:02 PM
americanbankingnews.com logoScorpio Bulkers Inc (SALT) Expected to Announce Earnings of -$0.15 Per Share
www.americanbankingnews.com - May 26 at 10:12 PM
americanbankingnews.com logoScorpio Bulkers Inc (SALT) Given Consensus Rating of "Buy" by Analysts
www.americanbankingnews.com - May 26 at 1:30 PM

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Scorpio Bulkers (SALT) Chart for Sunday, September, 24, 2017

This page was last updated on 9/24/2017 by MarketBeat.com Staff