News headlines about Scorpio Bulkers (NYSE:SALT) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scorpio Bulkers earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 46.4419756808048 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Scorpio Bulkers (NYSE:SALT) traded up $0.40 during midday trading on Friday, reaching $7.50. The company had a trading volume of 667,475 shares, compared to its average volume of 861,651. Scorpio Bulkers has a 1 year low of $4.50 and a 1 year high of $10.14. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.54.

Scorpio Bulkers (NYSE:SALT) last announced its quarterly earnings results on Monday, October 23rd. The shipping company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). The firm had revenue of $38.60 million for the quarter, compared to analyst estimates of $40.04 million. Scorpio Bulkers had a negative return on equity of 6.51% and a negative net margin of 57.43%. The business’s revenue was up 61.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.60) earnings per share. equities analysts anticipate that Scorpio Bulkers will post -0.58 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 14th. Scorpio Bulkers’s dividend payout ratio is presently -1.80%.

Scorpio Bulkers announced that its Board of Directors has approved a stock buyback program on Wednesday, September 13th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the shipping company to repurchase up to 10.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of research firms have commented on SALT. Zacks Investment Research downgraded Scorpio Bulkers from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. BidaskClub downgraded Scorpio Bulkers from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Jefferies Group LLC restated a “buy” rating and issued a $14.00 price objective on shares of Scorpio Bulkers in a research report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and issued a $8.00 price objective on shares of Scorpio Bulkers in a research report on Tuesday, July 25th. Finally, ValuEngine downgraded Scorpio Bulkers from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Scorpio Bulkers currently has a consensus rating of “Hold” and an average price target of $9.50.

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About Scorpio Bulkers

Scorpio Bulkers Inc is a shipping company. The Company owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons (dwt). The Company operates through two segments: Kamsarmax and Ultramax. Its Kamsarmax segment includes vessels ranging from approximately 77,500 DWT to 98,700 DWT.

Insider Buying and Selling by Quarter for Scorpio Bulkers (NYSE:SALT)

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