Scorpio Bulkers Inc. (SALT) Consensus Earnings Predictions

Angelo Anderson
January 13, 2018

Among 8 analysts covering Scorpio Bulkers (NYSE:SALT), 6 have Buy rating, 1 Sell and 1 Hold. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The stock's price is 7.85 and their relative strength index (RSI) stands at 57.66.

Other analysts have also recently issued reports about the stock.

Breaking: Scorpio Bulkers Inc (NYSE:SALT) has hit maximum technical strength - watch the technical oscillators for momentum gaps. Scorpio Bulkers Inc. (NYSE:SALT) has risen 75.90% since January 13, 2017 and is uptrending. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. Scorpio Bulkers now has an average rating of "Hold" and a consensus price target of $9.89. Finally, ValuEngine cut shares of Scorpio Bulkers from a "hold" rating to a "sell" rating in a research note on Thursday, September 7th.

Scorpio Bulkers (NYSE:SALT) last announced its quarterly earnings data on Monday, October 23rd. About 316,072 shares traded or 208.82% up from the average. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.20 and a quick ratio of 2.20. Scorpio Bulkers has a fifty-two week low of $5.70 and a fifty-two week high of $10.14. The company has market cap of $359.74 million. (NYSE:SALT) rating on Monday, December 18. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.27) by $0.02. Scorpio Bulkers had a negative net margin of 27.65% and a negative return on equity of 4.69%.

Traders often employ unique systems when trying to beat the stock market. During the same period a year ago, the company earned ($0.60) earnings per share. Breaking that down further, it has performed -0.68% for the week, 46.13% for the month, 31.39% over the last quarter, 229.29% for the past half-year and 12.69% for this a year ago. The company was downgraded on Wednesday, November 18 by Deutsche Bank. Scorpio Bulkers's dividend payout ratio (DPR) is presently -1.82%. Phoenix Investment Adviser LLC now owns 240,700 shares of the company's stock worth $833,000 after buying an additional 5,200 shares during the last quarter. This repurchase authorization allows the shipping company to repurchase up to 10.2% of its shares through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Fund Management S.A. acquired a new stake in Scorpio Bulkers in the 2nd quarter valued at about $134,000. Rhumbline Advisers lifted its holdings in shares of Scorpio Bulkers by 16.4% during the 2nd quarter. Alliancebernstein L.P. now owns 44,400 shares of the shipping company's stock valued at $315,000 after purchasing an additional 33,700 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Scorpio Bulkers during the 2nd quarter valued at $245,000. Finally, Alliancebernstein L.P. raised its position in Scorpio Bulkers by 315.0% during the second quarter. Bank of New York Mellon Corp now owns 98,164 shares of the company's stock worth $274,000 after buying an additional 18,221 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This story was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are viewing this piece of content on another domain, it was stolen and republished in violation of USA & worldwide trademark and copyright legislation. The legal version of this news story can be read at Scorpio Bulkers based in MONACO.

Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers. It seeks to invest in the stocks of companies operating across diversified sectors.

Other reports by Iphone Fresh

Discuss This Article