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

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$7.25 -0.15 (-2.03 %)
(As of 06/21/2018 04:00 PM ET)
Previous Close$7.40
Today's Range$7.20 - $7.45
52-Week Range$6.15 - $8.85
Volume352,200 shs
Average Volume508,355 shs
Market Capitalization$570.84 million
P/E Ratio-12.72
Dividend Yield1.08%
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

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 Ratio55.77
P/E GrowthN/A

Sales & Book Value

Annual Sales$162.21 million
Price / Sales3.45
Cash Flow$0.3360 per share
Price / Cash21.58
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

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 Friday, April 20th. Investors of record on Tuesday, May 15th will be paid a dividend of $0.02 per share on Thursday, May 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Monday, May 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 program on Thursday, September 14th 2017, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 10.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) announced its earnings results on Monday, April, 23rd. The shipping company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.03) by $0.05. The shipping company earned $54.20 million during the quarter, compared to analyst estimates 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 for the quarter was up 56.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.23) 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, July, 23rd 2018. View Earnings Estimates for Scorpio Bulkers.

What price target have analysts set for SALT?

4 Wall Street analysts have issued twelve-month target prices for Scorpio Bulkers' shares. Their forecasts range from $8.50 to $14.00. On average, they anticipate Scorpio Bulkers' stock price to reach $10.3750 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:
  • 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 articles about SALT stock have trended somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news 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 coverage optimism score of 0.19 on Accern's scale. They also assigned news stories about the shipping company an impact score of 46.86 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect 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 shareholders include Evermore Global Advisors LLC (8.64%), BlackRock Inc. (3.65%), Dimensional Fund Advisors LP (2.15%), Hourglass Capital LLC (1.36%), Hosking Partners LLP (1.34%) and Millennium Management LLC (1.20%). View Institutional Ownership Trends for Scorpio Bulkers.

Which institutional investors are selling Scorpio Bulkers stock?

SALT stock was sold by a variety of institutional investors in the last quarter, including Raynor Geoffrey, Hourglass Capital LLC, BlackRock Inc. and Cubist Systematic Strategies LLC. View Insider Buying and Selling 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 Dimensional Fund Advisors LP, Valueworks LLC, Evermore Global Advisors LLC, California Public Employees Retirement System, UBS Group AG, Wells Fargo & Company MN, Royal Bank of Canada and A.R.T. Advisors 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 $570.84 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 (SALT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  262 (Vote Outperform)
Underperform Votes:  240 (Vote Underperform)
Total Votes:  502
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 6/21/2018 by MarketBeat.com Staff

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