Wall Street analysts predict that Scorpio Bulkers Inc (NYSE:SALT) will announce ($0.17) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Scorpio Bulkers’ earnings. The lowest EPS estimate is ($0.22) and the highest is ($0.09). Scorpio Bulkers reported earnings of $0.01 per share during the same quarter last year, which indicates a negative year over year growth rate of 1,800%. The firm is scheduled to report its next earnings report on Monday, July 22nd.

On average, analysts expect that Scorpio Bulkers will report full-year earnings of ($0.24) per share for the current financial year, with EPS estimates ranging from ($0.71) to $0.19. For the next financial year, analysts forecast that the firm will report earnings of $0.31 per share, with EPS estimates ranging from ($0.16) to $0.91. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Scorpio Bulkers.

Scorpio Bulkers (NYSE:SALT) last issued its quarterly earnings data on Monday, April 29th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.24. Scorpio Bulkers had a negative net margin of 4.36% and a positive return on equity of 0.92%. The firm had revenue of $50.40 million for the quarter, compared to the consensus estimate of $49.25 million. During the same quarter in the previous year, the firm earned ($0.08) EPS. The company’s quarterly revenue was down 7.2% compared to the same quarter last year.

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Scorpio Bulkers from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine downgraded shares of Scorpio Bulkers from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Noble Financial set a $9.00 target price on shares of Scorpio Bulkers and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, B. Riley set a $8.00 target price on shares of Scorpio Bulkers and gave the stock a “buy” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.14.

Shares of Scorpio Bulkers stock traded up $0.01 on Friday, reaching $4.74. The stock had a trading volume of 235,050 shares, compared to its average volume of 432,677. The company has a market cap of $336.87 million, a P/E ratio of -158.00 and a beta of 2.33. Scorpio Bulkers has a 1 year low of $3.57 and a 1 year high of $7.86. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.79.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, May 14th. Scorpio Bulkers’s dividend payout ratio is presently -266.67%.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its stake in Scorpio Bulkers by 451.4% during the first quarter. BNP Paribas Arbitrage SA now owns 11,354 shares of the shipping company’s stock worth $44,000 after buying an additional 9,295 shares during the period. SG Americas Securities LLC purchased a new position in Scorpio Bulkers during the first quarter worth about $46,000. Cutler Group LP boosted its stake in Scorpio Bulkers by 170.5% during the fourth quarter. Cutler Group LP now owns 9,884 shares of the shipping company’s stock worth $54,000 after buying an additional 23,900 shares during the period. Moors & Cabot Inc. acquired a new stake in shares of Scorpio Bulkers during the first quarter worth about $56,000. Finally, Jane Street Group LLC acquired a new stake in shares of Scorpio Bulkers during the first quarter worth about $58,000. Institutional investors own 38.44% of the company’s stock.

Scorpio Bulkers Company Profile

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.

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Earnings History and Estimates for Scorpio Bulkers (NYSE:SALT)

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