Wall Street brokerages expect Scorpio Tankers Inc. (NYSE:STNG) to report sales of $143.19 million for the current quarter, according to Zacks. Four analysts have made estimates for Scorpio Tankers’ earnings. The highest sales estimate is $146.95 million and the lowest is $138.93 million. Scorpio Tankers posted sales of $249.95 million during the same quarter last year, which would indicate a negative year over year growth rate of 42.7%. The company is expected to announce its next quarterly earnings results on Wednesday, May 5th.
On average, analysts expect that Scorpio Tankers will report full-year sales of $709.41 million for the current financial year, with estimates ranging from $679.28 million to $747.29 million. For the next financial year, analysts forecast that the company will report sales of $899.63 million, with estimates ranging from $800.49 million to $971.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Scorpio Tankers.
Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Thursday, February 18th. The shipping company reported ($1.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.10) by $0.06. The firm had revenue of $138.00 million during the quarter, compared to analysts’ expectations of $135.93 million. Scorpio Tankers had a net margin of 18.26% and a return on equity of 8.82%.
STNG has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Scorpio Tankers from a “sell” rating to a “hold” rating in a report on Wednesday, March 31st. BTIG Research raised their target price on shares of Scorpio Tankers from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, March 19th. Jefferies Financial Group lifted their price objective on shares of Scorpio Tankers from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, February 25th. B. Riley cut their price objective on shares of Scorpio Tankers from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 19th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Scorpio Tankers from a “buy” rating to a “hold” rating in a research report on Thursday, February 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $22.40.
Hedge funds have recently added to or reduced their stakes in the stock. People s United Financial Inc. acquired a new stake in Scorpio Tankers in the 4th quarter worth approximately $230,000. Aperio Group LLC lifted its stake in Scorpio Tankers by 123.2% during the 3rd quarter. Aperio Group LLC now owns 23,979 shares of the shipping company’s stock valued at $265,000 after acquiring an additional 13,235 shares during the period. California Public Employees Retirement System lifted its stake in Scorpio Tankers by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 116,057 shares of the shipping company’s stock valued at $1,285,000 after acquiring an additional 2,900 shares during the period. Squarepoint Ops LLC acquired a new stake in Scorpio Tankers during the 3rd quarter valued at approximately $715,000. Finally, Weld Capital Management LLC acquired a new stake in Scorpio Tankers during the 3rd quarter valued at approximately $329,000. Institutional investors own 38.72% of the company’s stock.
STNG stock traded down $0.42 during trading on Monday, hitting $18.19. 11,004 shares of the company’s stock traded hands, compared to its average volume of 1,684,026. Scorpio Tankers has a 52 week low of $8.28 and a 52 week high of $28.21. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.67 and a current ratio of 0.69. The business has a fifty day simple moving average of $17.64 and a 200 day simple moving average of $13.28. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 5.92, a P/E/G ratio of 0.19 and a beta of 1.18.
The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Tuesday, March 2nd were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, March 1st. Scorpio Tankers’s dividend payout ratio (DPR) is presently -42.55%.
About Scorpio Tankers
Scorpio Tankers, Inc engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.
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