Equities research analysts predict that Scorpio Tankers Inc. (NYSE:STNG) will report sales of $150.62 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Scorpio Tankers’ earnings. The lowest sales estimate is $147.28 million and the highest is $153.97 million. Scorpio Tankers posted sales of $141.80 million during the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The business is scheduled to announce its next earnings results on Tuesday, July 30th.
On average, analysts expect that Scorpio Tankers will report full-year sales of $705.09 million for the current year, with estimates ranging from $644.35 million to $749.17 million. For the next year, analysts expect that the company will report sales of $862.41 million, with estimates ranging from $761.64 million to $962.55 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Scorpio Tankers.
Scorpio Tankers (NYSE:STNG) last issued its earnings results on Thursday, May 2nd. The shipping company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.18. Scorpio Tankers had a negative return on equity of 6.54% and a negative net margin of 23.03%. The company had revenue of $195.83 million during the quarter, compared to the consensus estimate of $186.60 million. During the same period in the previous year, the firm posted ($1.02) earnings per share. Scorpio Tankers’s quarterly revenue was up 25.2% compared to the same quarter last year.
STNG stock traded up $0.32 during midday trading on Friday, reaching $27.22. The company had a trading volume of 1,016,100 shares, compared to its average volume of 901,393. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 1.34. Scorpio Tankers has a fifty-two week low of $14.75 and a fifty-two week high of $32.50. The company has a market cap of $1.37 billion, a P/E ratio of -5.97 and a beta of 1.15.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Wednesday, June 5th will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, June 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.47%. Scorpio Tankers’s dividend payout ratio (DPR) is presently -8.77%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Scorpio Tankers by 1.9% during the third quarter. BlackRock Inc. now owns 14,659,166 shares of the shipping company’s stock valued at $29,465,000 after buying an additional 278,847 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in shares of Scorpio Tankers by 76.2% during the fourth quarter. Peregrine Capital Management LLC now owns 2,316,460 shares of the shipping company’s stock valued at $4,077,000 after buying an additional 1,001,703 shares during the last quarter. DNB Asset Management AS bought a new stake in shares of Scorpio Tankers during the fourth quarter valued at approximately $760,000. Precocity Capital LP raised its holdings in shares of Scorpio Tankers by 25.0% during the fourth quarter. Precocity Capital LP now owns 2,500,000 shares of the shipping company’s stock valued at $4,400,000 after buying an additional 500,000 shares during the last quarter. Finally, Investec Asset Management PTY Ltd bought a new stake in shares of Scorpio Tankers during the fourth quarter valued at approximately $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 20, 2019, its owned or finance leased 109 product tankers, including 38 LR2 tankers, 12 LR1 tankers, 45 MR tankers, and 14 Handymax tankers with an average age of 3.6 years; and time or bareboat chartered-in 10 product tankers comprising 3 MR tankers and 7 Handymax tankers.
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