Media coverage about Scorpio Bulkers (NYSE:SALT) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Scorpio Bulkers earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the shipping company an impact score of 46.6836075437065 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several equities research analysts have recently weighed in on SALT shares. Zacks Investment Research raised Scorpio Bulkers from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research note on Wednesday, December 27th. Jefferies Group started coverage on Scorpio Bulkers in a research note on Monday, December 18th. They issued a “buy” rating and a $14.00 price target for the company. BidaskClub raised Scorpio Bulkers from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Stifel Nicolaus reissued a “hold” rating and issued a $9.00 price target on shares of Scorpio Bulkers in a research note on Tuesday, October 24th. Finally, ValuEngine cut Scorpio Bulkers from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $9.50.

Shares of Scorpio Bulkers (NYSE:SALT) opened at $7.40 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.54. Scorpio Bulkers has a one year low of $5.00 and a one year high of $10.14. The company has a market capitalization of $558.40, a P/E ratio of -6.67 and a beta of 3.57.

Scorpio Bulkers (NYSE:SALT) last announced its quarterly earnings data on Monday, October 23rd. The shipping company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.01). Scorpio Bulkers had a negative net margin of 57.43% and a negative return on equity of 6.51%. The firm had revenue of $38.60 million during the quarter, compared to analyst estimates of $40.04 million. During the same period last year, the business posted ($0.60) EPS. The company’s revenue was up 61.5% on a year-over-year basis. equities research analysts expect that Scorpio Bulkers will post -0.58 EPS for the current fiscal year.

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

The company also recently disclosed a special dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a $0.02 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. Scorpio Bulkers’s dividend payout ratio (DPR) is presently -1.80%.

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Scorpio Bulkers Company Profile

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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