Analysts forecast that Scorpio Tankers Inc. (NYSE:STNG) will post earnings of $0.15 per share for the current quarter, according to Zacks. Six analysts have made estimates for Scorpio Tankers’ earnings, with estimates ranging from ($0.32) to $0.47. Scorpio Tankers posted earnings per share of ($1.00) during the same quarter last year, which would indicate a positive year over year growth rate of 115%. The company is expected to report its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Scorpio Tankers will report full year earnings of ($0.61) per share for the current fiscal year, with EPS estimates ranging from ($2.40) to $1.01. For the next fiscal year, analysts expect that the firm will post earnings of $2.30 per share, with EPS estimates ranging from ($0.11) to $4.67. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Scorpio Tankers.
Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings data on Thursday, February 14th. The shipping company reported ($0.38) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.09. Scorpio Tankers had a negative return on equity of 9.51% and a negative net margin of 32.49%. The company had revenue of $167.53 million during the quarter, compared to analysts’ expectations of $154.31 million. During the same period last year, the business earned ($0.14) earnings per share. The business’s revenue was up 12.9% on a year-over-year basis.
Shares of Scorpio Tankers stock traded up $0.06 during trading on Monday, reaching $19.84. The company’s stock had a trading volume of 1,134,838 shares, compared to its average volume of 676,563. The company has a quick ratio of 1.52, a current ratio of 1.54 and a debt-to-equity ratio of 1.36. Scorpio Tankers has a one year low of $14.75 and a one year high of $32.50. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -4.35 and a beta of 1.00.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, February 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, February 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. Scorpio Tankers’s dividend payout ratio is -8.77%.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Scorpio Tankers by 1.9% during the 3rd quarter. BlackRock Inc. now owns 14,659,166 shares of the shipping company’s stock worth $29,465,000 after buying an additional 278,847 shares during the period. Peregrine Capital Management LLC grew its position in shares of Scorpio Tankers by 76.2% during the 4th quarter. Peregrine Capital Management LLC now owns 2,316,460 shares of the shipping company’s stock worth $4,077,000 after buying an additional 1,001,703 shares during the period. DNB Asset Management AS acquired a new position in shares of Scorpio Tankers during the 4th quarter worth about $760,000. Precocity Capital LP grew its position in shares of Scorpio Tankers by 25.0% during the 4th quarter. Precocity Capital LP now owns 2,500,000 shares of the shipping company’s stock worth $4,400,000 after buying an additional 500,000 shares during the period. Finally, Investec Asset Management PTY Ltd acquired a new position in shares of Scorpio Tankers during the 4th quarter worth about $615,000.
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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