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

$2.40
+0.34 (+16.50 %)
(As of 03/31/2020 06:09 AM ET)
Today's Range
$2.10
Now: $2.40
$2.49
50-Day Range
$2.03
MA: $2.87
$4.01
52-Week Range
$1.82
Now: $2.40
$7.78
Volume733,828 shs
Average Volume628,322 shs
Market Capitalization$173.96 million
P/E Ratio3.81
Dividend Yield3.88%
Beta1.73
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

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$224.58 million
Cash Flow$2.45 per share
Book Value$12.07 per share

Profitability

Net Income$44.65 million

Miscellaneous

Employees6
Market Cap$173.96 million
Next Earnings Date5/4/2020 (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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, SALT shares have decreased by 9.4% and is now trading at $2.40. View which stocks have been mosted 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, May 4th 2020. View our earnings forecast for Scorpio Bulkers.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) posted its quarterly earnings data on Monday, January, 27th. The shipping company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.04 by $0.53. The shipping company had revenue of $60.30 million for the quarter, compared to the consensus estimate of $61.99 million. Scorpio Bulkers had a net margin of 20.03% and a return on equity of 3.68%. The company's revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. View Scorpio Bulkers' earnings history.

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

Scorpio Bulkers announced a quarterly dividend on Tuesday, January 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.02 per share on Friday, March 13th. This represents a $0.08 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Thursday, February 13th. View Scorpio Bulkers' dividend history.

What price target have analysts set for SALT?

5 Wall Street analysts have issued 12 month price objectives for Scorpio Bulkers' shares. Their forecasts range from $5.00 to $9.00. On average, they expect Scorpio Bulkers' share price to reach $6.80 in the next year. This suggests a possible upside of 183.3% from the stock's current price. View analysts' price targets for Scorpio Bulkers.

Has Scorpio Bulkers been receiving favorable news coverage?

News headlines about SALT stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Scorpio Bulkers earned a news impact score of 1.5 on InfoTrie's scale. They also gave press coverage 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 stock's share price in the next few days. View the latest news aboutScorpio Bulkers.

Are investors shorting Scorpio Bulkers?

Scorpio Bulkers saw a decline in short interest during the month of March. As of March 13th, there was short interest totaling 2,220,500 shares, a decline of 8.2% from the February 27th total of 2,420,000 shares. Based on an average daily trading volume, of 540,300 shares, the short-interest ratio is presently 4.1 days. Currently, 4.9% of the company's 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), Omeros (OMER), Energy Transfer LP Unit (ET), Scorpio Tankers (STNG), Golden Ocean Group (GOGL), Capital Product Partners (CPLP), Ford Motor (F), General Electric (GE), Teekay (TK) and Whiting Petroleum (WLL).

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."

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 $2.40.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $173.96 million and generates $224.58 million in revenue each year. The shipping company earns $44.65 million in net income (profit) each year or $1.19 on an earnings per share basis. Scorpio Bulkers employs 6 workers across the globe. View additional information about Scorpio Bulkers.

What is Scorpio Bulkers' official website?

The official website for Scorpio Bulkers is http://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.


MarketBeat Community Rating for Scorpio Bulkers (NYSE SALT)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  378 (Vote Outperform)
Underperform Votes:  372 (Vote Underperform)
Total Votes:  750
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 3/31/2020 by MarketBeat.com Staff

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