Analysts expect that Scorpio Tankers Inc. (NYSE:STNG) will report earnings per share (EPS) of ($0.10) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Scorpio Tankers’ earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.07). Scorpio Tankers posted earnings of ($0.09) per share in the same quarter last year, which would suggest a negative year over year growth rate of 11.1%. The firm is expected to issue its next quarterly earnings results on Monday, September 17th.
According to Zacks, analysts expect that Scorpio Tankers will report full-year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.42) to ($0.02). For the next financial year, analysts expect that the company will post earnings of $0.16 per share, with EPS estimates ranging from ($0.08) to $0.52. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Scorpio Tankers.
Get Scorpio Tankers alerts:Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings data on Wednesday, April 25th. The shipping company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The firm had revenue of $156.50 million for the quarter, compared to analyst estimates of $154.72 million. Scorpio Tankers had a negative return on equity of 7.61% and a negative net margin of 32.67%. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) earnings per share.
STNG has been the subject of several recent research reports. Bank of America reduced their price objective on Scorpio Tankers from $3.85 to $2.75 and set a “buy” rating for the company in a research report on Monday, March 19th. DNB Markets raised Scorpio Tankers from a “hold” rating to a “buy” rating in a research report on Wednesday, April 25th. Deutsche Bank reaffirmed a “buy” rating on shares of Scorpio Tankers in a research report on Tuesday, April 10th. Zacks Investment Research raised Scorpio Tankers from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. Finally, ValuEngine raised Scorpio Tankers from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $4.21.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in Scorpio Tankers by 232.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,105,736 shares of the shipping company’s stock valued at $49,123,000 after purchasing an additional 11,255,133 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Scorpio Tankers by 38.2% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 920,056 shares of the shipping company’s stock valued at $2,807,000 after purchasing an additional 254,119 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Scorpio Tankers by 35.0% during the fourth quarter. OppenheimerFunds Inc. now owns 83,215 shares of the shipping company’s stock valued at $254,000 after purchasing an additional 21,562 shares during the last quarter. Delek Group Ltd. acquired a new position in Scorpio Tankers during the fourth quarter valued at approximately $3,020,000. Finally, A.R.T. Advisors LLC acquired a new position in Scorpio Tankers during the first quarter valued at approximately $1,567,000. 57.02% of the stock is owned by hedge funds and other institutional investors.
Shares of Scorpio Tankers traded down $0.02, hitting $2.84, on Monday, MarketBeat Ratings reports. 1,577,365 shares of the stock were exchanged, compared to its average volume of 3,753,313. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 1.55. Scorpio Tankers has a fifty-two week low of $1.85 and a fifty-two week high of $4.18.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Wednesday, June 6th were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, June 5th. This represents a $0.04 annualized dividend and a yield of 1.41%. Scorpio Tankers’s dividend payout ratio (DPR) is presently -8.51%.
About Scorpio Tankers
Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 22, 2018, its fleet consisted of 109 tankers, including 38 LR2, 12 LR1, 45 MR, and 14 Handymax tankers with an average age of approximately 2.6 years; and 20 time or bareboat chartered-in tankers, which include 2 LR2, 10 MR, and 8 Handymax tankers.
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