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NYSE:SALTScorpio Bulkers Stock Price, Forecast & News

$23.36
+1.66 (+7.65 %)
(As of 06/5/2020 04:00 PM ET)
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Compare
Today's Range
$21.47
Now: $23.36
$23.74
50-Day Range
$14.51
MA: $19.92
$27.96
52-Week Range
$13.75
Now: $23.36
$77.80
Volume194,412 shs
Average Volume107,730 shs
Market Capitalization$169.31 million
P/E RatioN/A
Dividend Yield3.69%
Beta1.36
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. Scorpio Bulkers Inc. was founded in 2013 and is based in Monaco.
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Scorpio Bulkers logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Deep sea foreign transportation of freight
Sub-IndustryN/A
CUSIPN/A
Phone(011)377 9798 5716

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$224.58 million
Cash Flow$24.33 per share
Book Value$120.71 per share

Profitability

Net Income$44.65 million

Miscellaneous

Employees6
Market Cap$169.31 million
Next Earnings Date7/27/2020 (Estimated)
OptionableOptionable

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Scorpio Bulkers (NYSE:SALT) Frequently Asked Questions

How has Scorpio Bulkers' stock been impacted by COVID-19 (Coronavirus)?

Scorpio Bulkers' stock was trading at $2.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SALT shares have increased by 781.5% and is now trading at $23.36. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Scorpio Bulkers' next earnings date?

Scorpio Bulkers is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Scorpio Bulkers.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) issued its quarterly earnings data on Monday, May, 11th. The shipping company reported ($15.65) earnings per share for the quarter, missing analysts' consensus estimates of ($3.10) by $12.55. The shipping company had revenue of $40.82 million for the quarter, compared to analyst estimates of $43.68 million. Scorpio Bulkers had a negative net margin of 35.88% and a positive return on equity of 1.09%. View Scorpio Bulkers' earnings history.

How often does Scorpio Bulkers pay dividends? What is the dividend yield for Scorpio Bulkers?

Scorpio Bulkers declared a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 15th will be given a dividend of $0.05 per share on Tuesday, June 30th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Friday, June 12th. View Scorpio Bulkers' dividend history.

When did Scorpio Bulkers' stock split? How did Scorpio Bulkers' stock split work?

Scorpio Bulkers's stock reverse split before market open on Tuesday, April 7th 2020. The 1-10 reverse split was announced on Friday, April 3rd 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, April 6th 2020. An investor that had 100 shares of Scorpio Bulkers stock prior to the reverse split would have 10 shares after the split.

What price target have analysts set for SALT?

5 brokers have issued 12-month price targets for Scorpio Bulkers' shares. Their forecasts range from $40.00 to $85.00. On average, they expect Scorpio Bulkers' stock price to reach $53.00 in the next year. This suggests a possible upside of 126.9% from the stock's current price. View analysts' price targets for Scorpio Bulkers.

Has Scorpio Bulkers been receiving favorable news coverage?

Media stories about SALT stock have been trending very negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Scorpio Bulkers earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the shipping company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View the latest news aboutScorpio Bulkers.

Are investors shorting Scorpio Bulkers?

Scorpio Bulkers saw a increase in short interest in May. As of May 15th, there was short interest totaling 314,400 shares, an increase of 46.9% from the April 30th total of 214,000 shares. Based on an average trading volume of 113,600 shares, the days-to-cover ratio is currently 2.8 days. Currently, 5.4% of the shares of the stock 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 Star Bulk Carriers (SBLK), Golden Ocean Group (GOGL), Scorpio Tankers (STNG), Omeros (OMER), Energy Transfer LP Unit (ET), Capital Product Partners (CPLP), Diana Shipping (DSX), Ford Motor (F), General Electric (GE) and Safe Bulkers (SB).

Who are Scorpio Bulkers' key executives?

Scorpio Bulkers' management team includes the following 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)

What is Scorpio Bulkers' stock symbol?

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

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (40.24%), Bank of New York Mellon Corp (19.77%), State Street Corp (13.48%), Hourglass Capital LLC (8.34%), Valueworks LLC (6.74%) and JPMorgan Chase & Co. (5.10%).

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, Deutsche Bank AG, UBS Group AG, Wells Fargo & Company MN, Squarepoint Ops LLC, Two Sigma Investments LP, Parametric Portfolio Associates LLC, and Valueworks LLC.

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., Hourglass Capital LLC, Nuveen Asset Management LLC, BlackRock Inc., Two Sigma Advisers LP, Los Angeles Capital Management & Equity Research Inc., Geode Capital Management LLC, and GSA Capital Partners LLP.

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, Robinhood, Fidelity, and Charles Schwab.

What is Scorpio Bulkers' stock price today?

One share of SALT stock can currently be purchased for approximately $23.36.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $169.31 million and generates $224.58 million in revenue each year. The shipping company earns $44.65 million in net income (profit) each year or $11.90 on an earnings per share basis. Scorpio Bulkers employs 6 workers across the globe.

What is Scorpio Bulkers' official website?

The official website for Scorpio Bulkers is www.scorpiobulkers.com.

How can I contact Scorpio Bulkers?

Scorpio Bulkers' mailing address is 9 BOULEVARD CHARLES III, Monaco O9, MC98000. The shipping company can be reached via phone at (011)377 9798 5716.

This page was last updated on 6/5/2020 by MarketBeat.com Staff

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