Analysts expect Scorpio Tankers Inc. (NYSE:STNG) to post sales of $228.68 million for the current quarter, according to Zacks. Four analysts have made estimates for Scorpio Tankers’ earnings, with the lowest sales estimate coming in at $183.74 million and the highest estimate coming in at $322.27 million. Scorpio Tankers reported sales of $167.22 million during the same quarter last year, which would suggest a positive year over year growth rate of 36.8%. The company is scheduled to announce its next earnings results on Thursday, February 13th.
On average, analysts expect that Scorpio Tankers will report full-year sales of $712.37 million for the current year, with estimates ranging from $667.13 million to $813.09 million. For the next year, analysts forecast that the company will report sales of $914.64 million, with estimates ranging from $764.67 million to $1.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Scorpio Tankers.
Scorpio Tankers (NYSE:STNG) last announced its earnings results on Thursday, November 7th. The shipping company reported ($0.92) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.86) by ($0.06). Scorpio Tankers had a negative return on equity of 5.50% and a negative net margin of 16.52%. The company had revenue of $136.07 million during the quarter, compared to the consensus estimate of $142.53 million. During the same period in the prior year, the business posted ($0.21) earnings per share. Scorpio Tankers’s revenue for the quarter was up 14.1% compared to the same quarter last year.
Shares of Scorpio Tankers stock opened at $30.49 on Friday. Scorpio Tankers has a one year low of $15.00 and a one year high of $36.85. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.15. The stock has a market cap of $1.55 billion, a P/E ratio of -6.69 and a beta of 1.04. The stock’s fifty day moving average is $32.43 and its 200 day moving average is $28.29.
A number of hedge funds have recently modified their holdings of STNG. Nuveen Asset Management LLC purchased a new stake in Scorpio Tankers in the 2nd quarter worth $13,497,000. Waddell & Reed Financial Inc. purchased a new stake in Scorpio Tankers in the 2nd quarter worth $11,117,000. Russell Investments Group Ltd. increased its stake in Scorpio Tankers by 153.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 578,309 shares of the shipping company’s stock worth $17,209,000 after buying an additional 350,188 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Scorpio Tankers during the second quarter valued at about $6,330,000. Finally, Renaissance Technologies LLC grew its position in shares of Scorpio Tankers by 76.3% during the second quarter. Renaissance Technologies LLC now owns 413,320 shares of the shipping company’s stock valued at $12,201,000 after purchasing an additional 178,900 shares in the last quarter. Institutional investors and hedge funds own 57.55% of the company’s stock.
Scorpio Tankers Company Profile
Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 20, 2019, its owned or finance leased 109 product tankers, including 38 LR2 tankers, 12 LR1 tankers, 45 MR tankers, and 14 Handymax tankers with an average age of 3.6 years; and time or bareboat chartered-in 10 product tankers comprising 3 MR tankers and 7 Handymax tankers.
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