Equities research analysts expect Scorpio Tankers Inc. (NYSE:STNG) to report sales of $148.55 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Scorpio Tankers’ earnings. The lowest sales estimate is $132.10 million and the highest is $166.13 million. Scorpio Tankers posted sales of $106.07 million during the same quarter last year, which suggests a positive year over year growth rate of 40%. The company is expected to issue its next quarterly earnings report on Monday, February 12th.

On average, analysts expect that Scorpio Tankers will report full-year sales of $148.55 million for the current year, with estimates ranging from $491.70 million to $525.75 million. For the next financial year, analysts anticipate that the firm will post sales of $746.02 million per share, with estimates ranging from $609.30 million to $896.77 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Scorpio Tankers.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Thursday, November 16th. The shipping company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $123.20 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) earnings per share.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $7.00 price target (down previously from $8.00) on shares of Scorpio Tankers in a report on Wednesday, September 20th. UBS Group raised shares of Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Monday, November 13th. Jefferies Group assumed coverage on shares of Scorpio Tankers in a report on Monday, December 18th. They set a “buy” rating and a $5.00 price target on the stock. Credit Suisse Group reaffirmed a “buy” rating and set a $7.00 price target on shares of Scorpio Tankers in a report on Tuesday, September 19th. Finally, Zacks Investment Research downgraded shares of Scorpio Tankers from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.28.

Scorpio Tankers (STNG) traded up $0.01 during trading hours on Friday, reaching $3.23. 7,947,653 shares of the company’s stock were exchanged, compared to its average volume of 2,570,480. The company has a market cap of $1,004.84, a price-to-earnings ratio of -4.09 and a beta of 1.59. 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 $2.99 and a 1-year high of $4.79.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 13th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, December 12th. Scorpio Tankers’s payout ratio is -5.06%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP boosted its holdings in shares of Scorpio Tankers by 1,628.8% in the third quarter. GSA Capital Partners LLP now owns 669,353 shares of the shipping company’s stock worth $2,296,000 after buying an additional 630,636 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Scorpio Tankers by 2,287.9% in the third quarter. Cubist Systematic Strategies LLC now owns 293,141 shares of the shipping company’s stock worth $1,005,000 after buying an additional 280,865 shares during the last quarter. Monarch Alternative Capital LP purchased a new position in shares of Scorpio Tankers in the third quarter worth approximately $32,371,000. Lasry Marc purchased a new position in shares of Scorpio Tankers in the third quarter worth approximately $19,205,000. Finally, Caxton Associates LP purchased a new position in shares of Scorpio Tankers in the third quarter worth approximately $343,000. 59.04% of the stock is currently owned by institutional investors.

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About Scorpio Tankers

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 (NYSE:STNG)

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