$162.15 Million in Sales Expected for Scorpio Tankers Inc. (NYSE:STNG) This Quarter

Equities research analysts expect Scorpio Tankers Inc. (NYSE:STNG) to report sales of $162.15 million for the current quarter, according to Zacks. Four analysts have issued estimates for Scorpio Tankers’ earnings, with estimates ranging from $147.25 million to $173.90 million. Scorpio Tankers reported sales of $138.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.5%. The company is expected to report its next quarterly earnings report on Thursday, February 17th.

On average, analysts expect that Scorpio Tankers will report full year sales of $546.90 million for the current fiscal year, with estimates ranging from $528.23 million to $563.30 million. For the next year, analysts expect that the firm will report sales of $869.91 million, with estimates ranging from $758.31 million to $967.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Scorpio Tankers.

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings results on Thursday, November 11th. The shipping company reported ($1.39) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.31) by ($0.08). Scorpio Tankers had a negative net margin of 49.84% and a negative return on equity of 11.99%. During the same period in the previous year, the company posted ($0.37) EPS.

Several analysts have weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $27.00 price target on shares of Scorpio Tankers in a research note on Friday, November 12th. Zacks Investment Research upgraded Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Wednesday, November 17th. Bank of America downgraded Scorpio Tankers from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $24.00 to $15.00 in a research note on Thursday, August 5th. Deutsche Bank Aktiengesellschaft downgraded Scorpio Tankers from a “hold” rating to a “sell” rating in a research note on Thursday, August 5th. Finally, DNB Markets upgraded Scorpio Tankers from a “hold” rating to a “buy” rating and lowered their target price for the stock from $25.00 to $21.00 in a research note on Friday, August 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Scorpio Tankers currently has a consensus rating of “Hold” and a consensus price target of $23.75.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Scorpio Tankers by 1.8% during the third quarter. BlackRock Inc. now owns 3,768,203 shares of the shipping company’s stock worth $69,863,000 after purchasing an additional 66,059 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Scorpio Tankers by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,694,679 shares of the shipping company’s stock valued at $59,418,000 after acquiring an additional 102,489 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Scorpio Tankers by 218.5% during the second quarter. Russell Investments Group Ltd. now owns 930,316 shares of the shipping company’s stock valued at $20,511,000 after acquiring an additional 638,200 shares during the last quarter. Morgan Stanley raised its holdings in shares of Scorpio Tankers by 38.2% during the third quarter. Morgan Stanley now owns 895,779 shares of the shipping company’s stock valued at $16,608,000 after acquiring an additional 247,474 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Scorpio Tankers by 152.9% during the second quarter. Point72 Asset Management L.P. now owns 536,600 shares of the shipping company’s stock valued at $11,832,000 after acquiring an additional 324,400 shares during the last quarter. Institutional investors own 45.52% of the company’s stock.

Scorpio Tankers stock traded up $0.53 during trading hours on Thursday, hitting $15.32. 463,540 shares of the stock traded hands, compared to its average volume of 1,110,746. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.71 and a quick ratio of 0.69. The firm’s 50 day moving average price is $16.91 and its 200-day moving average price is $18.17. The stock has a market capitalization of $894.23 million, a price-to-earnings ratio of -3.15 and a beta of 0.85. Scorpio Tankers has a 1 year low of $10.58 and a 1 year high of $24.67.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Friday, December 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 2.61%. Scorpio Tankers’s dividend payout ratio is currently -8.21%.

Scorpio Tankers Company Profile

Scorpio Tankers, Inc engages in the provision of marine transportation of petroleum products. It operates through the following segments: Handymax, MR, LR1/Panamax, and LR2/Aframax. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.

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

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