EPS for Scorpio Bulkers Inc (SALT) Expected At $-0.15

July 18, 2017 - By Marry Poplack

 EPS for Scorpio Bulkers Inc (SALT) Expected At $ 0.15

Analysts await Scorpio Bulkers Inc (NYSE:SALT) to report earnings on July, 26. They expect $-0.15 earnings per share, up 68.75 % or $0.33 from last year’s $-0.48 per share. After $-0.23 actual earnings per share reported by Scorpio Bulkers Inc for the previous quarter, Wall Street now forecasts -34.78 % EPS growth. The stock decreased 1.32% or $0.1 during the last trading session, reaching $7.5. About 379,934 shares traded. Scorpio Bulkers Inc (NYSE:SALT) has risen 75.90% since July 18, 2016 and is uptrending. It has outperformed by 59.20% the S&P500.

Scorpio Bulkers Inc (NYSE:SALT) Ratings Coverage

Among 8 analysts covering Scorpio Bulkers (NYSE:SALT), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Scorpio Bulkers had 19 analyst reports since July 29, 2015 according to SRatingsIntel. JP Morgan upgraded Scorpio Bulkers Inc (NYSE:SALT) on Tuesday, January 26 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, August 2 by Seaport Global. The stock of Scorpio Bulkers Inc (NYSE:SALT) has “Neutral” rating given on Thursday, October 15 by JP Morgan. Deutsche Bank upgraded Scorpio Bulkers Inc (NYSE:SALT) on Wednesday, July 29 to “Buy” rating. The rating was downgraded by UBS to “Neutral” on Thursday, March 17. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, November 18 report. Deutsche Bank upgraded Scorpio Bulkers Inc (NYSE:SALT) on Tuesday, January 3 to “Buy” rating. Jefferies maintained Scorpio Bulkers Inc (NYSE:SALT) rating on Monday, June 26. Jefferies has “Buy” rating and $1400 target. The firm has “Buy” rating by Jefferies given on Friday, March 18. The stock has “Hold” rating by Stifel Nicolaus on Thursday, January 7.

Scorpio Bulkers Inc. is a shipping company. The company has market cap of $561.15 million. The Firm owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons . It currently has negative earnings. The Firm operates through two divisions: Kamsarmax and Ultramax.

More notable recent Scorpio Bulkers Inc (NYSE:SALT) news were published by: Fool.com which released: “Why Scorpio Bulkers Stock Shot to the Stars Friday” on November 11, 2016, also Seekingalpha.com with their article: “Scorpio Bulkers up another 6% after upgrdae” published on March 13, 2017, Nasdaq.com published: “Scorpio Bulkers Inc. To Announce Second Quarter 2017 Results” on July 11, 2017. More interesting news about Scorpio Bulkers Inc (NYSE:SALT) were released by: Hellenicshippingnews.com and their article: “Morgan Stanley Initiates Coverage on Scorpio Bulkers Inc (SALT)” published on April 19, 2017 as well as Fool.com‘s news article titled: “Why Scorpio Bulkers Inc Stock Tumbled 22% in May” with publication date: June 07, 2017.

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