News coverage about Scorpio Bulkers (NYSE:SALT) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scorpio Bulkers earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the shipping company an impact score of 46.3277550153095 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several brokerages have issued reports on SALT. Zacks Investment Research cut shares of Scorpio Bulkers from a “hold” rating to a “sell” rating in a report on Wednesday. Jefferies Group began coverage on shares of Scorpio Bulkers in a report on Monday, December 18th. They set a “buy” rating and a $14.00 target price on the stock. Stifel Nicolaus reiterated a “hold” rating and set a $9.00 target price on shares of Scorpio Bulkers in a report on Tuesday, October 24th. Noble Financial began coverage on shares of Scorpio Bulkers in a report on Friday, January 12th. They set a “buy” rating and a $10.00 target price on the stock. Finally, BidaskClub cut shares of Scorpio Bulkers from a “hold” rating to a “sell” rating in a report on Saturday, November 11th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.21.
Shares of Scorpio Bulkers (SALT) traded down $0.03 during trading on Friday, reaching $7.97. 211,086 shares of the company’s stock traded hands, compared to its average volume of 603,419. The company has a current ratio of 1.41, a quick ratio of 2.20 and a debt-to-equity ratio of 0.73. Scorpio Bulkers has a one year low of $5.70 and a one year high of $10.14. The company has a market cap of $601.70, a PE ratio of -9.72 and a beta of 3.43.
Scorpio Bulkers (NYSE:SALT) last released its quarterly earnings results on Monday, February 5th. The shipping company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). Scorpio Bulkers had a negative net margin of 36.82% and a negative return on equity of 4.45%. The business had revenue of $51.13 million for the quarter, compared to analysts’ expectations of $49.34 million. During the same period last year, the business earned ($0.29) EPS. The company’s revenue was up 90.4% compared to the same quarter last year. research analysts predict that Scorpio Bulkers will post 0.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Wednesday, February 14th. Scorpio Bulkers’s dividend payout ratio is currently -4.82%.
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About Scorpio Bulkers
Scorpio Bulkers Inc is a shipping company. The Company owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons (dwt). The Company operates through two segments: Kamsarmax and Ultramax. Its Kamsarmax segment includes vessels ranging from approximately 77,500 DWT to 98,700 DWT.
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