Scorpio Bulkers Inc (NYSE:SALT) – Research analysts at B. Riley issued their Q1 2019 earnings per share estimates for shares of Scorpio Bulkers in a research note issued on Wednesday, April 10th. B. Riley analyst L. Burke forecasts that the shipping company will earn ($0.01) per share for the quarter. B. Riley currently has a “Buy” rating and a $8.00 target price on the stock. B. Riley also issued estimates for Scorpio Bulkers’ FY2019 earnings at ($0.04) EPS.

SALT has been the topic of a number of other reports. Noble Financial set a $9.00 price objective on Scorpio Bulkers and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research lowered Scorpio Bulkers from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Finally, ValuEngine upgraded Scorpio Bulkers from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Scorpio Bulkers has a consensus rating of “Buy” and an average target price of $9.06.

NYSE:SALT opened at $4.68 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.53 and a current ratio of 0.55. Scorpio Bulkers has a 52-week low of $3.57 and a 52-week high of $7.95. The firm has a market cap of $326.19 million, a P/E ratio of -156.00 and a beta of 2.15.

Scorpio Bulkers (NYSE:SALT) last released its quarterly earnings data on Monday, January 28th. The shipping company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). Scorpio Bulkers had a negative net margin of 5.24% and a negative return on equity of 0.19%. The company had revenue of $65.20 million for the quarter, compared to the consensus estimate of $70.61 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cutler Group LP increased its stake in Scorpio Bulkers by 170.5% in the 4th quarter. Cutler Group LP now owns 9,884 shares of the shipping company’s stock worth $54,000 after acquiring an additional 23,900 shares during the last quarter. Sippican Capital Advisors increased its stake in Scorpio Bulkers by 12.7% in the 4th quarter. Sippican Capital Advisors now owns 24,145 shares of the shipping company’s stock worth $134,000 after acquiring an additional 2,721 shares during the last quarter. Bank of America Corp DE increased its stake in Scorpio Bulkers by 77.0% in the 4th quarter. Bank of America Corp DE now owns 44,830 shares of the shipping company’s stock worth $248,000 after acquiring an additional 19,509 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Scorpio Bulkers in the 3rd quarter worth about $285,000. Finally, Rhumbline Advisers increased its stake in Scorpio Bulkers by 44.8% in the 4th quarter. Rhumbline Advisers now owns 83,071 shares of the shipping company’s stock worth $459,000 after acquiring an additional 25,682 shares during the last quarter. Institutional investors and hedge funds own 37.99% of the company’s stock.

Scorpio Bulkers Company Profile

Scorpio Bulkers Inc, a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. The company owns and operates 55 vessels, including 54 wholly-owned or finance leased drybulk vessels comprising 17 Kamsarmax vessels and 37 Ultramax vessels; and 1 time chartered-in Ultramax vessel.

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Earnings History and Estimates for Scorpio Bulkers (NYSE:SALT)

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