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

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$3.91 +0.07 (+1.82 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$3.84
Today's Range$3.73 - $4.00
52-Week Range$3.57 - $7.95
Volume32,253 shs
Average Volume427,823 shs
Market Capitalization$278.47 million
P/E Ratio-131.67
Dividend Yield2.08%
Beta2.16
Scorpio 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
CUSIPN/A
Phone377-9798-5715

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$242.50 million
Cash Flow$1.0317 per share
Book Value$12.09 per share

Profitability

Net Income$-12,700,000.00

Miscellaneous

EmployeesN/A
Market Cap$278.47 million
Next Earnings Date4/22/2019 (Estimated)
OptionableOptionable

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 Monday, January 28th. Shareholders of record on Friday, February 15th will be paid a dividend of $0.02 per share on Friday, March 15th. This represents a $0.08 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Thursday, February 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 buyback program on Thursday, September 14th 2017, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

How were Scorpio Bulkers' earnings last quarter?

Scorpio Bulkers Inc (NYSE:SALT) released its earnings results on Monday, January, 28th. The shipping company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.08. The shipping company had revenue of $65.20 million for the quarter, compared to analysts' expectations of $70.61 million. Scorpio Bulkers had a negative net margin of 5.24% and a negative return on equity of 0.19%. The business's revenue was up 27.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) earnings per share. 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, April 22nd 2019. View Earnings Estimates for Scorpio Bulkers.

What price target have analysts set for SALT?

8 brokers have issued 12-month target prices for Scorpio Bulkers' shares. Their predictions range from $8.00 to $13.00. On average, they anticipate Scorpio Bulkers' share price to reach $9.50 in the next twelve months. This suggests a possible upside of 143.0% from the stock's current price. View Analyst Price Targets for Scorpio Bulkers.

What is the consensus analysts' recommendation for Scorpio Bulkers?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scorpio Bulkers in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Scorpio Bulkers.

Has Scorpio Bulkers been receiving favorable news coverage?

News stories about SALT stock have been trending positive on Monday, according to InfoTrie. The research firm identifies negative and positive press coverage by monitoring 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 positive five, with scores nearest to five being the most favorable. Scorpio Bulkers earned a daily sentiment score of 2.3 on InfoTrie's scale. They also gave news headlines about the shipping company a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an impact on the company's share price in the immediate future.

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 General Electric (GE), Star Bulk Carriers (SBLK), Scorpio Tankers (STNG), Capital Product Partners (CPLP), QUALCOMM (QCOM), Ford Motor (F), Intel (INTC), Teekay (TK), Micron Technology (MU) and Cara Therapeutics (CARA).

Who are Scorpio Bulkers' key executives?

Scorpio Bulkers' management team includes the folowing 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.

Who are Scorpio Bulkers' major shareholders?

Scorpio Bulkers' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Evermore Global Advisors LLC (8.77%), Dimensional Fund Advisors LP (4.36%), Dimensional Fund Advisors LP (4.36%), BlackRock Inc. (4.30%), Bank of New York Mellon Corp (3.90%) and Royce & Associates LP (1.84%).

Which major investors are selling Scorpio Bulkers stock?

SALT stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Valueworks LLC, Evermore Global Advisors LLC, Hourglass Capital LLC, Northern Trust Corp and Barclays PLC.

Which major investors are buying Scorpio Bulkers stock?

SALT stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Hosking Partners LLP, GeoSphere Capital Management LLC, BlackRock Inc., Geode Capital Management LLC and Geode Capital Management LLC.

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 $3.91.

How big of a company is Scorpio Bulkers?

Scorpio Bulkers has a market capitalization of $278.47 million and generates $242.50 million in revenue each year. The shipping company earns $-12,700,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis.

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 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:  316 (Vote Outperform)
Underperform Votes:  298 (Vote Underperform)
Total Votes:  614
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 3/25/2019 by MarketBeat.com Staff

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