Equities analysts expect Scorpio Tankers Inc. (NYSE:STNG) to post $130.48 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Scorpio Tankers’ earnings, with the lowest sales estimate coming in at $124.30 million and the highest estimate coming in at $136.11 million. Scorpio Tankers reported sales of $123.12 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The company is scheduled to report its next quarterly earnings report on Thursday, November 15th.

According to Zacks, analysts expect that Scorpio Tankers will report full-year sales of $595.39 million for the current year, with estimates ranging from $580.88 million to $629.45 million. For the next financial year, analysts forecast that the company will report sales of $692.77 million, with estimates ranging from $653.57 million to $822.08 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Scorpio Tankers.

Scorpio Tankers (NYSE:STNG) last issued its earnings results on Tuesday, July 31st. The shipping company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Scorpio Tankers had a negative return on equity of 9.08% and a negative net margin of 31.44%. The firm had revenue of $141.80 million during the quarter, compared to analysts’ expectations of $144.35 million. During the same period in the previous year, the firm earned ($0.09) earnings per share. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. ValuEngine raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Stifel Nicolaus set a $5.00 target price on shares of Scorpio Tankers and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Morgan Stanley decreased their target price on shares of Scorpio Tankers from $3.00 to $2.70 and set an “overweight” rating on the stock in a research note on Wednesday, August 1st. Finally, Bank of America decreased their target price on shares of Scorpio Tankers from $3.75 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. Scorpio Tankers currently has an average rating of “Buy” and a consensus price target of $4.03.

Shares of NYSE STNG opened at $1.96 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.71 and a debt-to-equity ratio of 1.51. Scorpio Tankers has a 52 week low of $1.80 and a 52 week high of $3.73. The firm has a market capitalization of $696.42 million, a P/E ratio of -4.24 and a beta of 1.09.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 27th. Investors of record on Thursday, September 20th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Wednesday, September 19th. Scorpio Tankers’s payout ratio is -8.51%.

A number of institutional investors have recently modified their holdings of STNG. Evermore Global Advisors LLC purchased a new position in Scorpio Tankers during the 2nd quarter valued at $20,244,000. Benefit Street Partners LLC purchased a new position in Scorpio Tankers during the 2nd quarter valued at $19,285,000. Dimensional Fund Advisors LP increased its position in Scorpio Tankers by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,792,389 shares of the shipping company’s stock valued at $42,713,000 after purchasing an additional 2,743,205 shares during the period. BlackRock Inc. increased its position in Scorpio Tankers by 18.5% during the 2nd quarter. BlackRock Inc. now owns 14,380,319 shares of the shipping company’s stock valued at $40,407,000 after purchasing an additional 2,248,469 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Scorpio Tankers by 40.6% during the 1st quarter. Russell Investments Group Ltd. now owns 7,339,738 shares of the shipping company’s stock valued at $14,385,000 after purchasing an additional 2,121,265 shares during the period. 60.65% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Scorpio Tankers (NYSE:STNG)

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