Wall Street analysts predict that Scorpio Tankers Inc. (NYSE:STNG) will announce earnings of $0.59 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Scorpio Tankers’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.71. Scorpio Tankers posted earnings of ($0.38) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 255.3%. The firm is expected to announce its next earnings results on Thursday, February 13th.

According to Zacks, analysts expect that Scorpio Tankers will report full-year earnings of ($0.60) per share for the current year, with EPS estimates ranging from ($1.01) to ($0.44). For the next fiscal year, analysts anticipate that the business will post earnings of $3.05 per share, with EPS estimates ranging from $0.25 to $5.66. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Scorpio Tankers.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings data on Thursday, November 7th. The shipping company reported ($0.92) EPS for the quarter, missing the consensus estimate of ($0.86) by ($0.06). The business had revenue of $136.07 million for the quarter, compared to the consensus estimate of $142.53 million. Scorpio Tankers had a negative return on equity of 4.13% and a negative net margin of 12.03%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.21) EPS.

Several research analysts have recently weighed in on the company. ValuEngine cut Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd. B. Riley set a $40.00 price target on Scorpio Tankers and gave the company a “buy” rating in a report on Tuesday, September 24th. Evercore ISI reaffirmed a “buy” rating on shares of Scorpio Tankers in a research report on Monday, November 11th. Finally, Stifel Nicolaus lowered Scorpio Tankers from a “buy” rating to a “hold” rating and boosted their target price for the stock from $32.00 to $37.00 in a research report on Thursday, October 17th. One investment analyst has 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 company currently has a consensus rating of “Buy” and an average target price of $36.33.

Institutional investors and hedge funds have recently made changes to their positions in the business. Investec Asset Management LTD grew its holdings in shares of Scorpio Tankers by 0.7% in the second quarter. Investec Asset Management LTD now owns 1,859,622 shares of the shipping company’s stock worth $54,896,000 after acquiring an additional 12,311 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Scorpio Tankers by 153.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 578,309 shares of the shipping company’s stock valued at $17,209,000 after purchasing an additional 350,188 shares during the period. Nuveen Asset Management LLC bought a new stake in shares of Scorpio Tankers during the 2nd quarter valued at about $13,497,000. Northern Trust Corp grew its stake in shares of Scorpio Tankers by 3.4% during the 2nd quarter. Northern Trust Corp now owns 434,770 shares of the shipping company’s stock valued at $12,834,000 after purchasing an additional 14,155 shares during the period. Finally, Point72 Asset Management L.P. increased its position in shares of Scorpio Tankers by 19.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 415,920 shares of the shipping company’s stock valued at $12,378,000 after purchasing an additional 68,568 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Shares of STNG opened at $33.63 on Friday. The business’s fifty day simple moving average is $33.41 and its two-hundred day simple moving average is $29.10. The company has a current ratio of 0.68, a quick ratio of 0.66 and a debt-to-equity ratio of 1.38. Scorpio Tankers has a 12 month low of $15.00 and a 12 month high of $36.85. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -7.38 and a beta of 1.08.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, November 22nd. Scorpio Tankers’s dividend payout ratio is currently -8.77%.

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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Earnings History and Estimates for Scorpio Tankers (NYSE:STNG)

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