Q1 2018 Earnings Estimate for Scorpio Tankers Inc. Issued By Seaport Global Securities (STNG)

Scorpio Tankers Inc. (NYSE:STNG) – Investment analysts at Seaport Global Securities cut their Q1 2018 earnings per share (EPS) estimates for Scorpio Tankers in a research note issued on Wednesday. Seaport Global Securities analyst M. Fyhr now expects that the shipping company will earn ($0.02) per share for the quarter, down from their previous forecast of $0.04. Seaport Global Securities also issued estimates for Scorpio Tankers’ FY2018 earnings at $0.09 EPS.

Several other research analysts have also recently weighed in on STNG. Morgan Stanley lowered their price target on shares of Scorpio Tankers from $5.00 to $3.50 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Credit Suisse Group lowered their price target on shares of Scorpio Tankers from $5.00 to $4.00 and set an “outperform” rating on the stock in a research report on Thursday. ValuEngine cut shares of Scorpio Tankers from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Jefferies Group reissued a “buy” rating and set a $5.50 price target on shares of Scorpio Tankers in a research report on Tuesday, October 31st. Finally, Stifel Nicolaus set a $7.00 price target on shares of Scorpio Tankers and gave the company a “buy” rating in a research report on Sunday, October 29th. Three investment analysts have rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $5.67.

Scorpio Tankers (STNG) opened at $2.33 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.99 and a debt-to-equity ratio of 1.59. The firm has a market cap of $724.85, a PE ratio of -3.07 and a beta of 1.29. Scorpio Tankers has a 1 year low of $2.24 and a 1 year high of $4.79.

Scorpio Tankers (NYSE:STNG) last released its earnings results on Wednesday, February 14th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.06). The business had revenue of $148.40 million for the quarter, compared to analysts’ expectations of $148.90 million. Scorpio Tankers had a negative return on equity of 6.99% and a negative net margin of 30.86%. Scorpio Tankers’s quarterly revenue was up 39.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) EPS.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Monday, March 12th will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.04 dividend on an annualized basis and a yield of 1.72%. Scorpio Tankers’s payout ratio is currently -5.26%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its position in Scorpio Tankers by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 124,670 shares of the shipping company’s stock valued at $495,000 after buying an additional 1,315 shares during the last quarter. Wells Fargo & Company MN lifted its position in Scorpio Tankers by 0.8% in the second quarter. Wells Fargo & Company MN now owns 558,058 shares of the shipping company’s stock valued at $2,215,000 after buying an additional 4,320 shares during the last quarter. Nationwide Fund Advisors lifted its position in Scorpio Tankers by 4.0% in the second quarter. Nationwide Fund Advisors now owns 131,118 shares of the shipping company’s stock valued at $521,000 after buying an additional 5,041 shares during the last quarter. Teachers Advisors LLC lifted its position in Scorpio Tankers by 2.0% in the second quarter. Teachers Advisors LLC now owns 295,678 shares of the shipping company’s stock valued at $1,174,000 after buying an additional 5,871 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Scorpio Tankers by 10.1% in the second quarter. Voya Investment Management LLC now owns 79,987 shares of the shipping company’s stock valued at $318,000 after buying an additional 7,329 shares during the last quarter. 60.00% of the stock is currently owned by 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).

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

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