Scorpio Tankers Inc. (NYSE:STNG) – Analysts at Seaport Global Securities lifted their FY2017 earnings per share estimates for shares of Scorpio Tankers in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Fyhr now anticipates that the shipping company will earn ($0.38) per share for the year, up from their prior estimate of ($0.39). Seaport Global Securities also issued estimates for Scorpio Tankers’ Q4 2017 earnings at ($0.07) EPS and Q3 2018 earnings at $0.13 EPS.
Scorpio Tankers (NYSE:STNG) last announced its earnings results on Thursday, November 16th. The shipping company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.04). The company had revenue of $123.20 million for the quarter, compared to analysts’ expectations of $129.54 million. Scorpio Tankers had a negative net margin of 31.12% and a negative return on equity of 6.47%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS.
Scorpio Tankers (STNG) opened at $3.07 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 1.03. Scorpio Tankers has a 1 year low of $3.06 and a 1 year high of $4.93.
Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in Scorpio Tankers by 5.1% during the second quarter. Principal Financial Group Inc. now owns 27,152 shares of the shipping company’s stock worth $108,000 after acquiring an additional 1,316 shares during the period. MML Investors Services LLC raised its stake in shares of Scorpio Tankers by 137.2% in the second quarter. MML Investors Services LLC now owns 36,743 shares of the shipping company’s stock valued at $146,000 after buying an additional 21,250 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Scorpio Tankers in the second quarter valued at $154,000. BlueCrest Capital Management Ltd raised its stake in shares of Scorpio Tankers by 498.3% in the second quarter. BlueCrest Capital Management Ltd now owns 70,897 shares of the shipping company’s stock valued at $281,000 after buying an additional 59,048 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in shares of Scorpio Tankers in the second quarter valued at $307,000. Institutional investors and hedge funds own 65.14% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be issued a dividend of $0.01 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.04 dividend on an annualized basis and a yield of 1.30%. Scorpio Tankers’s dividend payout ratio (DPR) is currently -5.06%.
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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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