$2.37 Earnings Per Share Expected for Scorpio Tankers Inc. (NYSE:STNG) This Quarter

Analysts expect Scorpio Tankers Inc. (NYSE:STNG) to post $2.37 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Scorpio Tankers’ earnings, with the lowest EPS estimate coming in at $2.20 and the highest estimate coming in at $2.60. Scorpio Tankers reported earnings of ($0.62) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 482.3%. The company is expected to issue its next earnings results on Wednesday, July 29th.

According to Zacks, analysts expect that Scorpio Tankers will report full-year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.20 to $4.80. For the next financial year, analysts expect that the business will post earnings of $3.08 per share, with EPS estimates ranging from $1.80 to $4.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Scorpio Tankers.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings results on Wednesday, May 6th. The shipping company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.32. Scorpio Tankers had a negative net margin of 2.14% and a negative return on equity of 0.78%. The business had revenue of $254.17 million during the quarter, compared to analysts’ expectations of $238.41 million. During the same period last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 29.8% on a year-over-year basis.

A number of research analysts recently weighed in on STNG shares. Fearnley Fonds cut shares of Scorpio Tankers from a “hold” rating to a “sell” rating and set a $15.00 price objective for the company. in a report on Tuesday, June 2nd. Zacks Investment Research upgraded shares of Scorpio Tankers from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Friday, April 24th. BTIG Research decreased their price target on shares of Scorpio Tankers from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, March 20th. B. Riley decreased their price target on shares of Scorpio Tankers from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, June 19th. Finally, Pareto Securities downgraded shares of Scorpio Tankers from a “buy” rating to a “hold” rating and set a $18.00 price target for the company. in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Scorpio Tankers has a consensus rating of “Hold” and a consensus target price of $29.50.

Shares of STNG stock traded up $0.33 during trading on Wednesday, reaching $13.18. The company’s stock had a trading volume of 903,490 shares, compared to its average volume of 2,042,483. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.55 and a quick ratio of 0.54. The company has a market capitalization of $753.91 million, a price-to-earnings ratio of -24.71, a P/E/G ratio of 0.07 and a beta of 0.98. The stock’s 50-day moving average price is $16.94 and its 200 day moving average price is $23.26. Scorpio Tankers has a 1-year low of $12.35 and a 1-year high of $40.45.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.40 annualized dividend and a dividend yield of 3.04%. Scorpio Tankers’s dividend payout ratio is presently -42.55%.

Institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Scorpio Tankers in the 4th quarter valued at $31,000. Verus Capital Partners LLC purchased a new stake in shares of Scorpio Tankers in the 1st quarter worth about $67,000. Advisor Group Holdings Inc. purchased a new stake in shares of Scorpio Tankers in the 1st quarter worth about $72,000. Banque Cantonale Vaudoise purchased a new position in Scorpio Tankers in the 4th quarter valued at about $79,000. Finally, Jeereddi Investments LP purchased a new position in shares of Scorpio Tankers during the 4th quarter worth about $217,000. 49.58% of the stock is currently owned by institutional investors and hedge funds.

Scorpio Tankers Company Profile

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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