Analysts expect Scorpio Bulkers Inc (NYSE:SALT) to report earnings per share (EPS) of ($0.12) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Scorpio Bulkers’ earnings. The lowest EPS estimate is ($0.21) and the highest is ($0.01). Scorpio Bulkers posted earnings of ($0.08) per share in the same quarter last year, which indicates a negative year over year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, April 29th.

According to Zacks, analysts expect that Scorpio Bulkers will report full year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.71) to $0.15. For the next year, analysts expect that the business will post earnings of $0.52 per share, with EPS estimates ranging from ($0.16) to $2.04. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Scorpio Bulkers.

Scorpio Bulkers (NYSE:SALT) last released its quarterly earnings data on Monday, January 28th. The shipping company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $65.20 million during the quarter, compared to analyst estimates of $70.61 million. Scorpio Bulkers had a negative net margin of 5.24% and a negative return on equity of 0.19%. The company’s quarterly revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS.

SALT has been the topic of a number of research analyst reports. Zacks Investment Research cut Scorpio Bulkers from a “hold” rating to a “strong sell” rating in a research note on Friday, January 18th. ValuEngine upgraded Scorpio Bulkers from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. B. Riley set a $8.00 price target on Scorpio Bulkers and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Noble Financial set a $9.00 price target on Scorpio Bulkers and gave the company a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $9.13.

Shares of NYSE SALT traded up $0.04 during trading hours on Tuesday, hitting $4.74. The company had a trading volume of 359,243 shares, compared to its average volume of 408,657. The company has a market cap of $339.71 million, a PE ratio of -158.00 and a beta of 2.15. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 0.80. Scorpio Bulkers has a 1-year low of $3.57 and a 1-year high of $7.95.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cutler Group LP raised its stake in Scorpio Bulkers by 170.5% in the 4th quarter. Cutler Group LP now owns 9,884 shares of the shipping company’s stock valued at $54,000 after acquiring an additional 23,900 shares during the period. Sippican Capital Advisors increased its position in Scorpio Bulkers by 12.7% during the 4th quarter. Sippican Capital Advisors now owns 24,145 shares of the shipping company’s stock worth $134,000 after buying an additional 2,721 shares during the period. Bank of America Corp DE increased its position in Scorpio Bulkers by 77.0% during the 4th quarter. Bank of America Corp DE now owns 44,830 shares of the shipping company’s stock worth $248,000 after buying an additional 19,509 shares during the period. Rhumbline Advisers increased its position in Scorpio Bulkers by 44.8% during the 4th quarter. Rhumbline Advisers now owns 83,071 shares of the shipping company’s stock worth $459,000 after buying an additional 25,682 shares during the period. Finally, GeoSphere Capital Management LLC bought a new position in Scorpio Bulkers during the 4th quarter worth $573,000. Institutional investors and hedge funds own 37.99% of the company’s stock.

About Scorpio Bulkers

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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Earnings History and Estimates for Scorpio Bulkers (NYSE:SALT)

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