Scorpio Tankers (STNG) Scheduled to Post Quarterly Earnings on Thursday

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

Scorpio Tankers (NYSE:STNG) last posted its quarterly earnings data on Wednesday, February 14th. The shipping company reported $2.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.13. The company had revenue of $336.30 million during the quarter, compared to analyst estimates of $335.70 million. Scorpio Tankers had a return on equity of 22.86% and a net margin of 40.78%. The firm’s quarterly revenue was down 31.9% on a year-over-year basis. During the same quarter last year, the company earned $4.24 earnings per share. On average, analysts expect Scorpio Tankers to post $12 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Scorpio Tankers Price Performance

Shares of NYSE STNG opened at $72.70 on Wednesday. The firm has a market capitalization of $3.86 billion, a P/E ratio of 7.31, a P/E/G ratio of 1.27 and a beta of 0.18. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 0.37. The stock’s 50-day simple moving average is $70.60 and its two-hundred day simple moving average is $64.68. Scorpio Tankers has a twelve month low of $40.34 and a twelve month high of $74.04.

Scorpio Tankers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. This is a boost from Scorpio Tankers’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, March 7th. Scorpio Tankers’s dividend payout ratio is 16.10%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Evercore ISI increased their price target on shares of Scorpio Tankers from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. StockNews.com cut Scorpio Tankers from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. raised their price target on Scorpio Tankers from $85.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price objective on shares of Scorpio Tankers in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.00.

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.