Scorpio Tankers (STNG) to Release Earnings on Tuesday

Scorpio Tankers (NYSE:STNG) is set to post its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect Scorpio Tankers to post earnings of $3.75 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Scorpio Tankers (NYSE:STNG) last issued its earnings results on Thursday, May 9th. The shipping company reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.25. Scorpio Tankers had a return on equity of 22.84% and a net margin of 42.12%. The company had revenue of $389.76 million for the quarter, compared to analyst estimates of $381.46 million. On average, analysts expect Scorpio Tankers to post $13 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Scorpio Tankers Price Performance

Shares of NYSE:STNG opened at $72.69 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.60 and a debt-to-equity ratio of 0.35. Scorpio Tankers has a twelve month low of $42.92 and a twelve month high of $84.67. The stock’s 50 day moving average is $79.52 and its 200-day moving average is $73.31. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.12 and a beta of 0.16.

Scorpio Tankers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, June 14th. Scorpio Tankers’s payout ratio is 14.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $90.00 target price on shares of Scorpio Tankers in a research report on Thursday, May 9th. StockNews.com upgraded Scorpio Tankers from a “hold” rating to a “buy” rating in a report on Friday, May 10th. Bank of America reduced their price objective on Scorpio Tankers from $85.00 to $82.00 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Evercore ISI upped their price objective on Scorpio Tankers from $99.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. Finally, Stifel Nicolaus upped their price objective on Scorpio Tankers from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Scorpio Tankers has a consensus rating of “Moderate Buy” and a consensus target price of $84.17.

Scorpio Tankers Company Profile

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.