Q2 2020 Earnings Forecast for Scorpio Bulkers Inc Issued By Jefferies Financial Group (NYSE:SALT)

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Scorpio Bulkers Inc (NYSE:SALT) – Equities researchers at Jefferies Financial Group issued their Q2 2020 EPS estimates for shares of Scorpio Bulkers in a research note issued on Friday, January 24th. Jefferies Financial Group analyst R. Giveans forecasts that the shipping company will earn ($0.10) per share for the quarter. Jefferies Financial Group also issued estimates for Scorpio Bulkers’ Q3 2020 earnings at $0.09 EPS and Q4 2020 earnings at $0.20 EPS.

A number of other equities research analysts also recently issued reports on the stock. B. Riley restated a “buy” rating on shares of Scorpio Bulkers in a report on Tuesday, October 15th. Fearnley Fonds downgraded shares of Scorpio Bulkers from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research downgraded shares of Scorpio Bulkers from a “hold” rating to a “sell” rating in a report on Saturday. ValuEngine upgraded shares of Scorpio Bulkers from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Finally, Pareto Securities downgraded shares of Scorpio Bulkers from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.19.

Scorpio Bulkers stock opened at $4.06 on Monday. Scorpio Bulkers has a 1 year low of $3.57 and a 1 year high of $7.78. The firm has a 50 day moving average price of $5.81 and a 200 day moving average price of $6.12. The company has a market cap of $327.65 million, a price-to-earnings ratio of 13.10 and a beta of 2.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.90 and a current ratio of 0.90.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in Scorpio Bulkers during the second quarter worth approximately $44,000. Bank of Montreal Can grew its stake in Scorpio Bulkers by 96.6% during the second quarter. Bank of Montreal Can now owns 11,909 shares of the shipping company’s stock worth $55,000 after buying an additional 5,850 shares during the period. D. E. Shaw & Co. Inc. purchased a new stake in Scorpio Bulkers during the second quarter worth approximately $60,000. Tower Research Capital LLC TRC grew its stake in Scorpio Bulkers by 1,402.6% during the second quarter. Tower Research Capital LLC TRC now owns 16,529 shares of the shipping company’s stock worth $76,000 after buying an additional 15,429 shares during the period. Finally, A.R.T. Advisors LLC purchased a new stake in Scorpio Bulkers during the second quarter worth approximately $124,000. Institutional investors own 34.89% of the company’s stock.

Scorpio Bulkers Company Profile

Scorpio Bulkers Inc, a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. The company owns and operates 55 vessels, including 54 wholly-owned or finance leased drybulk vessels comprising 17 Kamsarmax vessels and 37 Ultramax vessels; and 1 time chartered-in Ultramax vessel.

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