About Scorpio Bulkers (NYSE:SALT)
Scorpio 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
Industry Deep Sea Freight
Trailing P/E Ratio-9.63855421686747
Forward P/E Ratio66.67
Sales & Book Value
Annual Sales$162.21 million
Price / Sales3.80
Cash Flow$0.34 per share
Price / Cash23.33
Book Value$11.89 per share
Price / Book0.67
Return on Equity-4.45%
Return on Assets-2.65%
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 Tuesday, February 6th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.02 per share on Thursday, March 15th. This represents a $0.08 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, February 14th. View Scorpio Bulkers' Dividend History.
How will Scorpio Bulkers' stock buyback program work?
Scorpio Bulkers declared that its Board of Directors has authorized a share repurchase program on Thursday, September 14th 2017, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.
How were Scorpio Bulkers' earnings last quarter?
Scorpio Bulkers Inc (NYSE:SALT) issued its quarterly earnings results on Monday, February, 5th. The shipping company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of ($0.01). The shipping company had revenue of $51.13 million for the quarter, compared to analysts' expectations of $49.34 million. Scorpio Bulkers had a negative net margin of 36.82% and a negative return on equity of 4.45%. The business's revenue for the quarter was up 90.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.29) earnings per share. View Scorpio Bulkers' Earnings History.
When will Scorpio Bulkers make its next earnings announcement?
Where is Scorpio Bulkers' stock going? Where will Scorpio Bulkers' stock price be in 2018?
5 equities research analysts have issued 1 year target prices for Scorpio Bulkers' stock. Their predictions range from $9.00 to $14.00. On average, they expect Scorpio Bulkers' share price to reach $10.40 in the next year. View Analyst Ratings for Scorpio Bulkers.
Who are some of Scorpio Bulkers' key competitors?
Some companies that are related to Scorpio Bulkers include Golden Ocean Group (GOGL), Seaspan (SSW), Star Bulk Carriers (SBLK), Costamare (CMRE), Diana Shipping (DSX), Capital Product Partners (CPLP), DryShips (DRYS), Safe Bulkers (SB), Navios Maritime Partners (NMM), Ardmore Shipping (ASC), StealthGas (GASS), Danaos (DAC), Hornbeck Offshore Services (HOS), Baltic Trading (BALT), Global Ship Lease (GSL), Pyxis Tankers (PXS), Euroseas (ESEA) and Diana Containerships (DCIX).
Who are Scorpio Bulkers' key executives?
Scorpio Bulkers' management team includes the folowing people:
- Emanuele A. Lauro, Chairman of the Board, Chief Executive Officer (Age 38)
- Robert L. Bugbee, President, Director (Age 56)
- Hugh Baker, Chief Financial Officer (Age 49)
- Cameron K. Mackey, Chief Operating Officer (Age 48)
- Filippo Lauro, Vice President (Age 40)
- Luca Forgione, General Counsel (Age 40)
- Anoushka Rafia Kachelo, Secretary (Age 36)
- Roberto Giorgi, Independent Director (Age 66)
- Christian M. Gut, Independent Director (Age 37)
- James B. Nish, Independent Director (Age 58)
Who owns Scorpio Bulkers stock?
Scorpio Bulkers' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Evermore Global Advisors LLC (8.38%), Raging Capital Management LLC (4.59%), BlackRock Inc. (3.67%), Royce & Associates LP (1.76%), Renaissance Technologies LLC (1.46%) and Hourglass Capital LLC (1.39%). 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 Horseman Capital Management Ltd, Raynor Geoffrey, BlackRock Inc., Fuller & Thaler Asset Management Inc., Quantitative Investment Management LLC, Goldman Sachs Group Inc., Wells Fargo & Company MN and Rhumbline Advisers. View Insider Buying and Selling for Scorpio Bulkers.
Who bought Scorpio Bulkers stock? Who is buying Scorpio Bulkers stock?
Scorpio Bulkers' stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Renaissance Technologies LLC, Evermore Global Advisors LLC, Raging Capital Management LLC, Deutsche Bank AG, Royce & Associates LP, TIAA CREF Investment Management LLC and Hourglass Capital LLC. 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 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 Scorpio Bulkers stock can currently be purchased for approximately $8.00.
How big of a company is Scorpio Bulkers?
Scorpio Bulkers has a market capitalization of $617.13 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 ($0.83) on an earnings per share basis. Scorpio Bulkers employs 3 workers across the globe.
How can I contact Scorpio Bulkers?
Scorpio Bulkers' mailing address is 9, Boulevard Charles Iii, MONACO-VILLE, 98000, Monaco. The shipping company can be reached via phone at +377-9-7985716.
MarketBeat Community Rating for Scorpio Bulkers (SALT)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.
Scorpio Bulkers (NYSE:SALT) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.60||2.67||2.67||2.67|
|Ratings Breakdown: ||0 Sell Rating(s)|
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$10.40||$10.17||$9.71||$9.54|
|Price Target Upside: ||38.30% upside||37.39% upside||11.59% upside||28.08% upside|
Scorpio Bulkers (NYSE:SALT) Consensus Price Target History
Scorpio Bulkers (NYSE:SALT) Analyst Ratings History
(Data available from 2/17/2016 forward)
Scorpio Bulkers (NYSE:SALT) Earnings History and Estimates Chart
Scorpio Bulkers (NYSE SALT) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/5/2018||Q4 2017||($0.01)||($0.01)||$49.34 million||$51.13 million||View||Listen|
|10/23/2017||Q3 2017||($0.14)||($0.15)||$40.04 million||$38.60 million||View||N/A|
|7/24/2017||Q2 2017||($0.18)||($0.19)||$38.78 million||$37.70 million||View||N/A|
|4/20/2017||Q1 2017||($0.20)||($0.23)||$33.92 million||$34.73 million||View||N/A|
|2/6/2017||Q416||($0.27)||($0.29)||$28.41 million||$26.85 million||View||Listen|
|10/31/2016||Q316||($0.29)||($0.30)||$24.30 million||$23.90 million||View||Listen|
|7/27/2016||Q216||($0.53)||($0.48)||$16.45 million||$17.37 million||View||Listen|
|5/3/2016||Q116||($1.11)||($1.12)||$11.03 million||$10.24 million||View||N/A|
|2/29/2016||Q415||($0.87)||($0.80)||$30.21 million||$22.02 million||View||Listen|
|11/2/2015||Q315||($0.06)||($0.05)||$26.98 million||$15.20 million||View||N/A|
|7/28/2015||Q215||($0.11)||($0.09)||$16.23 million||$12.78 million||View||Listen|
|4/28/2015||Q115||($0.11)||($0.10)||$14.37 million||$12.27 million||View||N/A|
|3/4/2015||Q414||($0.11)||($0.11)||$18.60 million||$17.70 million||View||N/A|
|10/29/2014||Q314||($0.14)||($0.12)||$18.70 million||$12.60 million||View||N/A|
|7/30/2014||Q214||($0.09)||($0.11)||$13.13 million||$13.18 million||View||N/A|
|4/30/2014||Q114||($0.02)||($0.08)||$4.41 million||$5.47 million||View||N/A|
Scorpio Bulkers (NYSE:SALT) Earnings Estimates
2018 EPS Consensus Estimate: $0.03
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Scorpio Bulkers (NYSE:SALT) Dividend Information
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-4.82% (Trailing 12 Months of Earnings) |
33.33% (Based on This Year's Estimates)
9.76% (Based on Next Year's Estimates)
Scorpio Bulkers (NYSE:SALT) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for Scorpio Bulkers (NYSE SALT)
No insider trades for this company have been tracked by MarketBeat.com
Scorpio Bulkers (NYSE SALT) News Headlines
|Scorpio Bulkers (SALT) Downgraded to Sell at Zacks Investment Research|
www.americanbankingnews.com - February 14 at 1:02 PM
|Scorpio Bulkers Inc. (SALT) Ex-Dividend Date Scheduled for February 14, 2018 - Nasdaq|
www.nasdaq.com - February 14 at 6:54 AM
|Scorpio Bulkers (SALT) PT Lowered to $9.00 at Morgan Stanley|
www.americanbankingnews.com - February 12 at 11:04 AM
|Seaport Global Securities Comments on Scorpio Bulkers Inc's Q1 2018 Earnings (SALT)|
www.americanbankingnews.com - February 8 at 9:20 AM
|32 Shipping Companies Presenting at Capital Link’s 12th Annual International Shipping Forum Monday, March 12, 2018 in NYC|
finance.yahoo.com - February 8 at 6:45 AM
|Scorpio Bulkers Inc to Issue Quarterly Dividend of $0.02 (SALT)|
www.americanbankingnews.com - February 6 at 5:22 PM
|Scorpio Bulkers Inc (SALT) Expected to Post Quarterly Sales of $49.45 Million|
www.americanbankingnews.com - February 6 at 2:10 AM
|Scorpio Bulkers losses narrow, revenue doubles|
www.marketwatch.com - February 5 at 3:25 PM
|Scorpio Bulkers Inc. Announces Financial Results for the Fourth Quarter of 2017 and Declares a Quarterly Dividend|
finance.yahoo.com - February 5 at 3:25 PM
|Scorpio Bulkers (SALT) Posts Earnings Results, Beats Expectations By $0.01 EPS|
www.americanbankingnews.com - February 5 at 11:16 AM
|Want To Invest In Scorpio Bulkers Inc (NYSE:SALT)? Here’s How It Performed Lately|
finance.yahoo.com - February 5 at 6:49 AM
|Scorpio Bulkers Inc (SALT) Given Average Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - February 2 at 11:16 AM
|Scorpio Bulkers (SALT) Set to Announce Earnings on Monday|
www.americanbankingnews.com - January 29 at 3:56 AM
|Scorpio Bulkers Inc Forecasted to Post Q2 2018 Earnings of $0.05 Per Share (SALT)|
www.americanbankingnews.com - January 29 at 3:44 AM
|Scorpio Bulkers Inc. To Announce Fourth Quarter 2017 Results - GlobeNewswire (press release)|
globenewswire.com - January 26 at 6:44 AM
|Scorpio Bulkers Inc. To Announce Fourth Quarter 2017 Results|
finance.yahoo.com - January 26 at 6:44 AM
|Scorpio Bulkers (SALT) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - January 25 at 10:12 PM
|CEOs of Safe Bulkers, Scorpio Bulkers, Seanergy Maritime & Star Bulk Carriers to Discuss the Dry Bulk Shipping ... - GlobeNewswire (press release)|
globenewswire.com - January 23 at 3:31 PM
|CEOs of Safe Bulkers, Scorpio Bulkers, Seanergy Maritime & Star Bulk Carriers to Discuss the Dry Bulk Shipping Sector Trends & Outlook|
finance.yahoo.com - January 23 at 12:33 PM
|DryShips (DRYS) and Scorpio Bulkers (SALT) Head to Head Comparison|
www.americanbankingnews.com - January 20 at 9:14 PM
|$49.19 Million in Sales Expected for Scorpio Bulkers Inc (SALT) This Quarter|
www.americanbankingnews.com - January 20 at 2:48 AM
|33 Stocks Moving In Friday's Mid-Day Session - Benzinga|
www.benzinga.com - January 12 at 3:30 PM
|Baltic Trading (BALT) and Scorpio Bulkers (SALT) Head-To-Head Contrast|
www.americanbankingnews.com - January 12 at 3:28 PM
|Scorpio Bulkers (SALT) Earns Buy Rating from Analysts at Noble Financial|
www.americanbankingnews.com - January 12 at 10:36 AM
|Scorpio Bulkers Inc (SALT) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - January 8 at 9:58 AM
|Contrasting Scorpio Bulkers (SALT) and Global Ship Lease (GSL)|
www.americanbankingnews.com - January 5 at 2:04 AM
|$49.57 Million in Sales Expected for Scorpio Bulkers Inc (SALT) This Quarter|
www.americanbankingnews.com - January 4 at 4:26 PM
|Scorpio Bulkers (SALT) & Global Ship Lease (GSL) Critical Analysis|
www.americanbankingnews.com - January 3 at 12:30 PM
|What Is Scorpio Bulkers Inc’s (NYSE:SALT) Share Price Doing?|
finance.yahoo.com - December 28 at 10:09 AM
|Scorpio Bulkers (SALT) Upgraded by Zacks Investment Research to "Buy"|
www.americanbankingnews.com - December 27 at 6:24 AM
|Scorpio Bulkers: Primed For A Rebound In 2018 - Seeking Alpha|
seekingalpha.com - December 22 at 9:11 PM
|Scorpio Bulkers (SALT) and Global Ship Lease (GSL) Head-To-Head Analysis|
www.americanbankingnews.com - December 21 at 7:10 PM
|Scorpio Bulkers, Inc. breached its 50 day moving average in a Bearish Manner : SALT-US : December 20, 2017|
finance.yahoo.com - December 20 at 10:36 AM
|Analysts Set Expectations for Scorpio Bulkers Inc's FY2017 Earnings (SALT)|
www.americanbankingnews.com - December 20 at 6:54 AM
|Jefferies Group Begins Coverage on Scorpio Bulkers (SALT)|
www.americanbankingnews.com - December 18 at 11:18 PM
|$49.37 Million in Sales Expected for Scorpio Bulkers Inc (SALT) This Quarter|
www.americanbankingnews.com - December 18 at 3:10 PM
|Scorpio Bulkers Inc (SALT) Expected to Post Earnings of -$0.01 Per Share|
www.americanbankingnews.com - December 16 at 11:26 AM
|Investors Purchase Large Volume of Scorpio Bulkers Call Options (SALT)|
www.americanbankingnews.com - December 15 at 2:38 AM
|Scorpio Bulkers Inc (SALT) Receives Average Recommendation of "Hold" from Brokerages|
www.americanbankingnews.com - December 14 at 10:10 AM
|A Generalist's Guide To Shipping Investments, Part I - Seeking Alpha|
seekingalpha.com - December 12 at 3:33 PM
|Scorpio Bulkers, Inc. breached its 50 day moving average in a Bullish Manner : SALT-US : December 5, 2017|
finance.yahoo.com - December 5 at 11:19 AM
|Scorpio Bulkers Inc. Announces a Commitment for a New Loan Facility and the Agreement to Modify a Contract to Acquire a Single Ultramax Vessel|
finance.yahoo.com - December 4 at 10:46 AM
|Scorpio Bulkers Inc. (SALT) Expected to Post Quarterly Sales of $49.37 Million|
www.americanbankingnews.com - November 30 at 8:16 PM
| Analysts Anticipate Scorpio Bulkers Inc. (SALT) to Post -$0.01 Earnings Per Share|
www.americanbankingnews.com - November 28 at 5:12 AM
|Contrasting Danaos (DAC) and Scorpio Bulkers (SALT)|
www.americanbankingnews.com - November 26 at 1:30 PM
|Scorpio Bulkers, Inc. – Value Analysis (NYSE:SALT) : November 24, 2017|
finance.yahoo.com - November 24 at 5:59 PM
|Scorpio Bulkers Inc (SALT): Time For A Financial Health Check|
finance.yahoo.com - November 24 at 8:47 AM
|Scorpio Bulkers, Inc. breached its 50 day moving average in a Bullish Manner : SALT-US : November 23, 2017|
finance.yahoo.com - November 23 at 8:23 AM
|Scorpio Bulkers Inc. (SALT) Receives Consensus Rating of "Hold" from Brokerages|
www.americanbankingnews.com - November 19 at 9:50 AM
|Technical Insights on Shipping Stocks -- DHT Holdings, Euronav, Navios Maritime Partners, and Scorpio Bulkers|
www.bizjournals.com - November 14 at 7:34 AM
Scorpio Bulkers (NYSE:SALT) SEC Filings
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Scorpio Bulkers (NYSE:SALT) Income Statement, Balance Sheet and Cash Flow Statement
Scorpio Bulkers (NYSE SALT) Stock Chart for Saturday, February, 17, 2018