Media stories about Scorpio Bulkers (NYSE:SALT) have trended somewhat positive on Monday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Scorpio Bulkers earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 46.5327896599919 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Scorpio Bulkers (NYSE:SALT) traded down $0.18 during trading hours on Monday, reaching $7.77. 47,121 shares of the company traded hands, compared to its average volume of 611,742. The company has a market cap of $613.27, a P/E ratio of -9.40 and a beta of 3.43. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.20 and a current ratio of 1.41. Scorpio Bulkers has a fifty-two week low of $5.70 and a fifty-two week high of $10.14.
Scorpio Bulkers (NYSE:SALT) last issued its quarterly earnings data on Monday, February 5th. The shipping company reported ($0.01) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The business had revenue of $51.13 million during the quarter, compared to the consensus estimate of $49.34 million. Scorpio Bulkers had a negative net margin of 36.82% and a negative return on equity of 4.45%. The firm’s revenue was up 90.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.29) EPS. equities analysts predict that Scorpio Bulkers will post 0.12 earnings per share for the current fiscal year.
SALT has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Scorpio Bulkers from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Wednesday, December 27th. Noble Financial initiated coverage on shares of Scorpio Bulkers in a research report on Friday, January 12th. They set a “buy” rating and a $10.00 price target on the stock. Jefferies Group initiated coverage on shares of Scorpio Bulkers in a research report on Monday, December 18th. They set a “buy” rating and a $14.00 price target on the stock. BidaskClub lowered shares of Scorpio Bulkers from a “hold” rating to a “sell” rating in a research report on Saturday, November 11th. Finally, Morgan Stanley reduced their price target on shares of 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. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.21.
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About Scorpio Bulkers
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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