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

Scorpio Tankers (NYSE:STNG) will 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. Investors interested in registering for the company’s conference call can do so using this link.

Scorpio Tankers (NYSE:STNG) last issued its quarterly earnings results on Wednesday, February 14th. The shipping company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.13. The company had revenue of $336.30 million during the quarter, compared to analysts’ expectations of $335.70 million. Scorpio Tankers had a net margin of 40.78% and a return on equity of 22.86%. The business’s quarterly revenue was down 31.9% on a year-over-year basis. During the same period last year, the business earned $4.24 EPS. 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 Stock Performance

Shares of STNG stock opened at $72.70 on Wednesday. The firm has a market cap of $3.86 billion, a PE ratio of 7.31, a P/E/G ratio of 1.27 and a beta of 0.18. Scorpio Tankers has a 12 month low of $40.34 and a 12 month high of $74.04. The company’s fifty day simple moving average is $70.60 and its 200-day simple moving average is $64.68. 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 Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on STNG shares. JPMorgan Chase & Co. upped their target price on Scorpio Tankers from $85.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Evercore ISI increased their price objective on Scorpio Tankers from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. StockNews.com downgraded shares of Scorpio Tankers from a “buy” rating to a “hold” rating in a report on Friday, February 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price target 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.