Wall Street analysts expect that Scorpio Tankers Inc. (NASDAQ:STNG) will announce sales of $139.16 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Scorpio Tankers’ earnings, with the lowest sales estimate coming in at $129.32 million and the highest estimate coming in at $165.60 million. Scorpio Tankers reported sales of $137.21 million in the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The company is expected to issue its next quarterly earnings results on Thursday, July 27th.

On average, analysts expect that Scorpio Tankers will report full year sales of $139.16 million for the current fiscal year, with estimates ranging from $569.15 million to $706.15 million. For the next year, analysts anticipate that the company will post sales of $852.25 million per share, with estimates ranging from $747.32 million to $1.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Scorpio Tankers.

Scorpio Tankers (NASDAQ:STNG) last released its quarterly earnings data on Thursday, April 27th. The shipping company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $119.80 million. Scorpio Tankers had a negative return on equity of 3.53% and a negative net margin of 9.39%. Scorpio Tankers’s quarterly revenue was down 25.6% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS.

A number of equities analysts recently issued reports on STNG shares. Bank of America Corporation raised Scorpio Tankers from an “underperform” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Friday, May 12th. Cowen and Company reissued an “outperform” rating and set a $7.00 price target (down previously from $10.00) on shares of Scorpio Tankers in a report on Thursday, April 27th. Jefferies Group LLC reissued a “buy” rating and set a $6.00 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. Credit Suisse Group set a $7.00 price target on Scorpio Tankers and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, Seaport Global Securities reissued a “buy” rating and set a $7.50 price target on shares of Scorpio Tankers in a report on Thursday, May 25th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $6.50.

Scorpio Tankers (NASDAQ STNG) opened at 3.78 on Friday. The firm’s 50-day moving average price is $3.89 and its 200 day moving average price is $4.14. The stock’s market capitalization is $615.05 million. Scorpio Tankers has a 12-month low of $3.42 and a 12-month high of $5.53.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Investors of record on Thursday, May 11th were given a $0.01 dividend. The ex-dividend date was Tuesday, May 9th. This represents a $0.04 dividend on an annualized basis and a yield of 1.06%.

A number of large investors have recently made changes to their positions in STNG. Wellington Management Group LLP increased its stake in Scorpio Tankers by 3.6% in the first quarter. Wellington Management Group LLP now owns 19,933,081 shares of the shipping company’s stock worth $88,503,000 after buying an additional 684,099 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Scorpio Tankers by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 14,739,513 shares of the shipping company’s stock worth $65,444,000 after buying an additional 465,968 shares during the last quarter. Boston Partners increased its stake in Scorpio Tankers by 47.6% in the first quarter. Boston Partners now owns 4,782,108 shares of the shipping company’s stock worth $21,233,000 after buying an additional 1,542,838 shares during the last quarter. Impala Asset Management LLC bought a new stake in Scorpio Tankers during the first quarter worth about $14,042,000. Finally, Comerica Bank increased its stake in Scorpio Tankers by 0.3% in the first quarter. Comerica Bank now owns 3,144,642 shares of the shipping company’s stock worth $14,372,000 after buying an additional 8,220 shares during the last quarter.

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Scorpio Tankers Company Profile

Scorpio Tankers Inc (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. As of March 15, 2017, the Company’s fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet).

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Earnings History and Estimates for Scorpio Tankers (NASDAQ:STNG)

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