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

Sign in or create an account to add this stock to your watchlist.
$6.75 0.00 (0.00 %)
(As of 08/19/2018 04:00 PM ET)
Previous Close$6.75
Today's Range$6.70 - $6.85
52-Week Range$6.50 - $8.85
Volume185,824 shs
Average Volume492,769 shs
Market Capitalization$516.53 million
P/E Ratio-11.84
Dividend Yield1.22%
Beta3.11
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.

Receive SALT News and Ratings via Email

Sign-up to receive the latest news and ratings for SALT and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
SectorTransportation
SymbolNYSE:SALT
CUSIPN/A
Phone377-9798-5715

Debt

Debt-to-Equity Ratio0.71
Current Ratio0.91
Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio-11.84
Forward P/E Ratio56.25
P/E GrowthN/A

Sales & Book Value

Annual Sales$162.21 million
Price / Sales3.16
Cash Flow$0.3404 per share
Price / Cash19.83
Book Value$12.25 per share
Price / Book0.55

Profitability

EPS (Most Recent Fiscal Year)($0.57)
Net Income$-59,720,000.00
Net Margins-8.17%
Return on Equity-1.84%
Return on Assets-1.06%

Miscellaneous

Employees6
Outstanding Shares75,960,000
Market Cap$516.53 million

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 Tuesday, July 24th. Stockholders of record on Wednesday, August 15th will be given a dividend of $0.02 per share on Friday, August 31st. This represents a $0.08 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Tuesday, August 14th. View Scorpio Bulkers' Dividend History.

How will Scorpio Bulkers' stock buyback program work?

Scorpio Bulkers announced that its board has authorized a stock buyback plan 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 plans are generally an indication that the company's board of directors believes its stock is undervalued.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) released its quarterly earnings results on Monday, July, 23rd. The shipping company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.02. The shipping company had revenue of $60.61 million for the quarter, compared to the consensus estimate of $61.68 million. Scorpio Bulkers had a negative return on equity of 1.84% and a negative net margin of 8.17%. The firm's revenue for the quarter was up 60.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.19) 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, 22nd 2018. View Earnings Estimates for Scorpio Bulkers.

What price target have analysts set for SALT?

5 brokers have issued 1-year price targets for Scorpio Bulkers' stock. Their predictions range from $8.50 to $13.00. On average, they expect Scorpio Bulkers' share price to reach $10.50 in the next year. This suggests a possible upside of 55.6% 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.

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 coverage about SALT stock has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Scorpio Bulkers earned a daily sentiment score of 0.13 on Accern's scale. They also gave news articles about the shipping company an impact score of 46.75 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for Scorpio Bulkers.

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Evermore Global Advisors LLC (8.56%), BlackRock Inc. (3.88%), Dimensional Fund Advisors LP (2.91%), Renaissance Technologies LLC (1.97%), Royce & Associates LP (1.69%) and Millennium Management LLC (1.51%).

Which institutional investors are selling Scorpio Bulkers stock?

SALT stock was sold by a variety of institutional investors in the last quarter, including Royce & Associates LP, Evermore Global Advisors LLC, Boston Partners and Cubist Systematic Strategies LLC.

Which institutional investors are buying Scorpio Bulkers stock?

SALT stock was bought by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Dimensional Fund Advisors LP, Millennium Management LLC, GSA Capital Partners LLP, BlackRock Inc., Campbell & CO Investment Adviser LLC, Dynamic Technology Lab Private Ltd and Trexquant Investment LP.

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 $6.75.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $516.53 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 (NYSE SALT)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  282 (Vote Outperform)
Underperform Votes:  258 (Vote Underperform)
Total Votes:  540
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 8/19/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel