Scorpio Oilers (STNG) Anticipated to Report Income on Friday

Scorpio Tankers (NYSE: STNG) are anticipated to launch earnings knowledge earlier than market opens on Friday, Might 7. Analysts count on Scorpio Tankers to publish earnings of ($ 1.00) per share for the quarter. Events concerned with registering for the corporate convention name can accomplish that utilizing this hyperlink.

Scorpio Tankers (NYSE: STNG) final reported quarterly outcomes on Thursday, February 18. The transport firm reported earnings per share of ($ 1.04) for the quarter, beating the consensus estimate of ($ 1.10) by $ 0.06. Scorpio Tankers had a web margin of 18.26% and a return on fairness of 8.82%. The corporate posted income of $ 138.00 million within the quarter, in comparison with analysts’ expectations of $ 135.93 million. On common, analysts count on Scorpio Tankers to publish EPS of $ 2 for the present fiscal yr and EPS of $ 1 for the following fiscal yr.

STNG shares opened at $ 17.89 on Thursday. Scorpio Tankers has a 52 week low of $ 8.28 and a 52 week excessive of $ 22.44. The corporate has a 50-day transferring common value of $ 18.47 and a 200-day transferring common value of $ 14.23. The corporate has a leverage ratio of 0.98, a fast ratio of 0.67, and a present ratio of 0.69. The inventory has a market cap of $ 1.04 billion, a PE ratio of 5.85, a PEG ratio of 0.19 and a beta of 1.18.

The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Monday, March 15. Traders of report on Tuesday, March 2 acquired a dividend of $ 0.10 per share. The ex-dividend date was Monday March 1. This represents a dividend of $ 0.40 on an annualized foundation and a return of two.24%. Scorpio Tankers’ payout ratio is -42.55%.

STNG has been the topic of a number of analyst studies. B. Riley lowered his value goal for Scorpio Tankers inventory from $ 40.00 to $ 35.00 and set a “purchase” ranking for the corporate in a analysis report on Friday, February 19. In a analysis report on Wednesday March 31, Zacks Funding Analysis upgraded Scorpio Tankers shares from a “promote” ranking to a “maintain” ranking. In a report printed Thursday, February 18, Deutsche Financial institution Aktiengesellschaft decreased Scorpio Tankers shares from a “purchase” ranking to a “maintain” ranking. BTIG Analysis raised its value goal for Scorpio Tankers shares from $ 25.00 to $ 28.00 and gave the inventory a “purchase” ranking in a report on Friday March 19. Lastly, HC Wainwright started masking shares of Scorpio Tankers in a report on Monday, March 29. They issued a “purchase” be aware and a value goal of $ 28.00 for the corporate. A inventory analysis analyst rated the inventory with a promote ranking, three assigned a sustaining ranking, and 6 issued a purchase ranking on the corporate’s inventory. The corporate presently has a consensus ranking of “Purchase” and a consensus goal value of $ 22.00.

Scorpio Tankers Firm Profile

Scorpio Tankers, Inc. engages within the provision of marine transportation of petroleum merchandise. It operates by the next segments: Handymax, MR, LR1 / Panamax and LR2 / Aframax. The corporate was based by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.

See additionally: Systematic threat and buyers

Scorpio Oil Tanker Earnings History (NYSE: STNG)

This immediate information alert was powered by storytelling expertise and monetary knowledge from MarketBeat to offer readers with the quickest, most correct studies. This story was reviewed by the MarketBeat editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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