Headlines about Scorpio Bulkers (NYSE:SALT) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Scorpio Bulkers earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned media stories about the shipping company an impact score of 45.4446261707193 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- Notable Stock to Watch: Scorpio Bulkers Inc. (SALT) (mostvolatilestocks.com)
- AXIA raises bulker rate forecasts with ‘clear runway’ until 2020 (tradewindsnews.com)
- Scorpio Bulkers (SALT) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Scorpio Bulkers Inc (SALT) Expected to Announce Quarterly Sales of $54.81 Million (americanbankingnews.com)
- Zacks: Brokerages Expect Scorpio Bulkers Inc (SALT) Will Announce Earnings of -$0.02 Per Share (americanbankingnews.com)
Shares of SALT traded down $0.15 during trading hours on Monday, reaching $6.90. The stock had a trading volume of 76,494 shares, compared to its average volume of 568,770. Scorpio Bulkers has a 12 month low of $5.70 and a 12 month high of $10.14. The stock has a market capitalization of $543.84, a price-to-earnings ratio of -12.14 and a beta of 3.13. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.35 and a current ratio of 1.41.
Scorpio Bulkers (NYSE:SALT) last announced its quarterly earnings results on Monday, February 5th. The shipping company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Scorpio Bulkers had a negative return on equity of 4.45% and a negative net margin of 36.82%. The company had revenue of $51.13 million during the quarter, compared to analysts’ expectations of $49.34 million. During the same period in the prior year, the company earned ($0.29) EPS. Scorpio Bulkers’s revenue was up 90.4% compared to the same quarter last year. equities analysts forecast that Scorpio Bulkers will post 0.12 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, February 14th. Scorpio Bulkers’s payout ratio is -7.02%.
SALT has been the topic of several research reports. ValuEngine downgraded Scorpio Bulkers from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded Scorpio Bulkers from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Morgan Stanley reduced their price target on Scorpio Bulkers from $10.50 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Noble Financial initiated coverage on Scorpio Bulkers in a research report on Friday, January 12th. They set a “buy” rating and a $10.00 price target on the stock. Finally, Jefferies Group started coverage on Scorpio Bulkers in a research report on Monday, December 18th. They set a “buy” rating and a $14.00 price target on the stock. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.21.
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.
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