Analysts predict that Scorpio Tankers Inc. (NYSE:STNG) will post sales of $155.99 million for the current quarter, according to Zacks. Five analysts have issued estimates for Scorpio Tankers’ earnings, with estimates ranging from $150.59 million to $159.34 million. Scorpio Tankers reported sales of $118.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 31.7%. The company is expected to announce its next earnings results on Monday, September 17th.
According to Zacks, analysts expect that Scorpio Tankers will report full-year sales of $678.08 million for the current year, with estimates ranging from $624.51 million to $723.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $734.69 million per share, with estimates ranging from $656.72 million to $837.62 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Scorpio Tankers.
Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Wednesday, April 25th. The shipping company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). Scorpio Tankers had a negative net margin of 32.67% and a negative return on equity of 7.61%. The company had revenue of $156.50 million for the quarter, compared to the consensus estimate of $154.72 million. During the same quarter in the previous year, the business earned ($0.07) EPS. The company’s quarterly revenue was up 27.4% compared to the same quarter last year.
A number of research analysts have commented on the stock. ValuEngine raised shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded shares of Scorpio Tankers from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Morgan Stanley cut their target price on shares of Scorpio Tankers from $3.50 to $3.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 25th. DNB Markets raised shares of Scorpio Tankers from a “hold” rating to a “buy” rating in a research report on Wednesday, April 25th. Finally, Deutsche Bank reissued a “buy” rating on shares of Scorpio Tankers in a research report on Tuesday, April 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $4.21.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC grew its position in shares of Scorpio Tankers by 321.5% in the 1st quarter. SG Americas Securities LLC now owns 60,854 shares of the shipping company’s stock worth $119,000 after buying an additional 46,417 shares during the last quarter. OppenheimerFunds Inc. grew its position in shares of Scorpio Tankers by 35.0% in the 4th quarter. OppenheimerFunds Inc. now owns 83,215 shares of the shipping company’s stock worth $254,000 after buying an additional 21,562 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Scorpio Tankers by 11.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 196,351 shares of the shipping company’s stock worth $385,000 after buying an additional 20,833 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Scorpio Tankers in the 1st quarter worth approximately $410,000. Finally, Renaissance Technologies LLC grew its position in shares of Scorpio Tankers by 867.2% in the 4th quarter. Renaissance Technologies LLC now owns 182,800 shares of the shipping company’s stock worth $558,000 after buying an additional 163,900 shares during the last quarter. 57.04% of the stock is currently owned by institutional investors and hedge funds.
STNG traded down $0.05 on Friday, reaching $2.90. 1,756,700 shares of the company traded hands, compared to its average volume of 4,087,570. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.09 and a quick ratio of 1.05. The firm has a market capitalization of $981.63 million, a price-to-earnings ratio of -6.17 and a beta of 1.34. Scorpio Tankers has a one year low of $1.85 and a one year high of $4.20.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 6th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, June 5th. Scorpio Tankers’s dividend payout ratio (DPR) is -8.51%.
Scorpio Tankers Company Profile
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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