-$0.06 EPS Expected for Scorpio Tankers Inc. (STNG) This Quarter

Equities analysts expect that Scorpio Tankers Inc. (NYSE:STNG) will post earnings per share of ($0.08) for the current quarter, according to Zacks. Five analysts have made estimates for Scorpio Tankers’ earnings. The highest EPS estimate is ($0.04) and the lowest is ($0.14). Scorpio Tankers reported earnings per share of ($0.18) during the same quarter last year, which would indicate a positive year over year growth rate of 55.6%. The business is expected to announce its next quarterly earnings results on Wednesday, February 14th.

According to Zacks, analysts expect that Scorpio Tankers will report full year earnings of ($0.40) per share for the current financial year, with EPS estimates ranging from ($0.48) to ($0.35). For the next financial year, analysts expect that the firm will post earnings of $0.06 per share, with EPS estimates ranging from ($0.23) to $0.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Scorpio Tankers.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.06). Scorpio Tankers had a negative net margin of 31.12% and a negative return on equity of 6.47%. The firm had revenue of $148.40 million for the quarter, compared to analyst estimates of $148.90 million. During the same period last year, the business earned ($0.18) EPS. The company’s revenue was up 39.9% compared to the same quarter last year.

Several equities research analysts recently weighed in on the company. UBS Group raised Scorpio Tankers from a “neutral” rating to a “buy” rating and set a $5.50 price objective on the stock in a report on Monday, November 13th. Jefferies Group assumed coverage on Scorpio Tankers in a report on Monday, December 18th. They set a “buy” rating and a $5.00 price objective on the stock. Morgan Stanley cut their price objective on Scorpio Tankers from $5.00 to $3.50 and set an “overweight” rating on the stock in a report on Monday. ValuEngine downgraded Scorpio Tankers from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus set a $5.00 price objective on Scorpio Tankers and gave the company a “buy” rating in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $6.00.

Shares of Scorpio Tankers (NYSE STNG) opened at $2.40 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. Scorpio Tankers has a twelve month low of $2.24 and a twelve month high of $4.79. The firm has a market capitalization of $721.74, a price-to-earnings ratio of -3.04 and a beta of 1.29.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its holdings in Scorpio Tankers by 5.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 16,862,543 shares of the shipping company’s stock worth $57,839,000 after buying an additional 875,100 shares during the period. Bank of New York Mellon Corp lifted its holdings in Scorpio Tankers by 232.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,105,736 shares of the shipping company’s stock worth $49,123,000 after buying an additional 11,255,133 shares during the period. BlackRock Inc. lifted its holdings in Scorpio Tankers by 13.2% during the 4th quarter. BlackRock Inc. now owns 11,138,382 shares of the shipping company’s stock worth $33,972,000 after buying an additional 1,302,536 shares during the period. Monarch Alternative Capital LP acquired a new position in Scorpio Tankers during the 3rd quarter worth about $32,371,000. Finally, FMR LLC lifted its holdings in Scorpio Tankers by 160.9% during the 2nd quarter. FMR LLC now owns 7,483,484 shares of the shipping company’s stock worth $29,710,000 after buying an additional 4,615,440 shares during the period. 60.00% of the stock is currently owned by hedge funds and other institutional investors.

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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 (NYSE:STNG)

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