Scorpio Tankers (STNG) to Release Quarterly Earnings on Tuesday

Scorpio Tankers (NYSE:STNG) will post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Scorpio Tankers to post earnings of $2.07 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Scorpio Tankers (NYSE:STNG) last announced its quarterly earnings data on Tuesday, July 30th. The shipping company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $0.08. The business had revenue of $380.70 million during the quarter, compared to analyst estimates of $368.62 million. Scorpio Tankers had a net margin of 47.36% and a return on equity of 23.83%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. On average, analysts expect Scorpio Tankers to post $12 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Scorpio Tankers Stock Up 1.1 %

Shares of STNG opened at $62.02 on Friday. The company has a 50-day simple moving average of $69.32 and a 200-day simple moving average of $74.19. The firm has a market capitalization of $3.38 billion, a P/E ratio of 5.75, a P/E/G ratio of 1.81 and a beta of 0.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.63 and a current ratio of 2.67. Scorpio Tankers has a 52 week low of $52.68 and a 52 week high of $84.67.

Scorpio Tankers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Thursday, August 15th. Scorpio Tankers’s dividend payout ratio is currently 14.84%.

Analyst Ratings Changes

STNG has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $90.00 price target on shares of Scorpio Tankers in a research report on Tuesday, July 30th. StockNews.com lowered shares of Scorpio Tankers from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Bank of America dropped their price target on shares of Scorpio Tankers from $73.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, October 22nd. Evercore ISI increased their price target on shares of Scorpio Tankers from $99.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Fearnley Fonds raised shares of Scorpio Tankers to a “hold” rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $82.40.

About Scorpio Tankers

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.