Scorpio Bulkers (NYSE:SALT) Given Coverage Optimism Score of 0.13
News articles about Scorpio Bulkers (NYSE:SALT) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scorpio Bulkers earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the shipping company an impact score of 46.4176628806463 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Scorpio Bulkers Inc.: Solid Earnings, Don’t Expect A Dividend Quite Yet – Seeking Alpha (seekingalpha.com)
- -$0.15 Earnings Per Share Expected for Scorpio Bulkers Inc. (NYSE:SALT) This Quarter (americanbankingnews.com)
- Buy sentiment on Stock: Scorpio Bulkers Inc. (SALT) ,Papa Murphy’s Holdings, Inc. (FRSH) – Street Observer (press release) (streetobserver.com)
- Share Performance in View for Scorpio Bulkers Inc. (NYSE:SALT) – Jonesboro Recorder (jonesbororecorder.com)
- Scorpio Bulkers Is Not for the Intolerant – Hellenic Shipping News Worldwide (hellenicshippingnews.com)
A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Scorpio Bulkers from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Stifel Nicolaus restated a “hold” rating and set a $8.00 price target on shares of Scorpio Bulkers in a research note on Tuesday, July 25th. Credit Suisse Group restated an “outperform” rating and set a $10.00 price target on shares of Scorpio Bulkers in a research note on Sunday, April 23rd. BidaskClub cut shares of Scorpio Bulkers from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a $14.00 price target on shares of Scorpio Bulkers in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $8.84.
Scorpio Bulkers (SALT) traded up 1.33% on Monday, hitting $7.60. 496,352 shares of the stock were exchanged. The company’s market capitalization is $545.71 million. The company has a 50-day moving average price of $6.98 and a 200 day moving average price of $7.36. Scorpio Bulkers has a 1-year low of $3.03 and a 1-year high of $10.14.
Scorpio Bulkers (NYSE:SALT) last announced its earnings results on Monday, July 24th. The shipping company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.01. Scorpio Bulkers had a negative return on equity of 7.52% and a negative net margin of 72.87%. The business had revenue of $37.70 million for the quarter, compared to analyst estimates of $38.78 million. During the same quarter in the previous year, the company earned ($0.48) EPS. The business’s revenue for the quarter was up 116.7% on a year-over-year basis. Analysts anticipate that Scorpio Bulkers will post ($0.69) EPS for the current fiscal year.
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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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