Scorpio Tankers (STNG) to Release Quarterly Earnings on Thursday

Scorpio Tankers (NYSE:STNG) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $3.73 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Scorpio Tankers (NYSE:STNG) last released its quarterly earnings data on Wednesday, February 14th. The shipping company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.13. Scorpio Tankers had a return on equity of 22.86% and a net margin of 40.78%. The company had revenue of $336.30 million for the quarter, compared to analyst estimates of $335.70 million. During the same period in the previous year, the company posted $4.24 EPS. The firm’s revenue for the quarter was down 31.9% compared to the same quarter last year. On average, analysts expect Scorpio Tankers to post $13 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Scorpio Tankers Stock Performance

NYSE:STNG opened at $69.31 on Thursday. The stock has a market cap of $3.68 billion, a P/E ratio of 6.97, a PEG ratio of 1.24 and a beta of 0.21. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.37. Scorpio Tankers has a twelve month low of $40.34 and a twelve month high of $74.04. The business’s 50-day moving average price is $70.20 and its two-hundred day moving average price is $64.16.

Scorpio Tankers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. This is a positive change from Scorpio Tankers’s previous quarterly dividend of $0.35. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date was Thursday, March 7th. Scorpio Tankers’s dividend payout ratio (DPR) is currently 16.10%.

Analyst Upgrades and Downgrades

STNG has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Scorpio Tankers from $85.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. StockNews.com lowered Scorpio Tankers from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Evercore ISI upped their price objective on Scorpio Tankers from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Scorpio Tankers in a research note on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.00.

Scorpio Tankers Company Profile

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of crude oi and refined petroleum products in the shipping markets worldwide. As of March 21, 2024, its fleet consisted of 110 owned and leases financed tanker, including 39 LR2, 57 MR, and 14 Handymax with a weighted average age of approximately 8.1 years.