Among 7 analysts covering Scorpio Tankers Inc (NYSE:STNG), 7 have Buy rating, 0 Sell and 0 Hold. Five analysts have provided estimates for Scorpio Tankers' earnings, with estimates ranging from $150.19 million to $159.34 million. For the next year, analysts expect that the business will post sales of $747.64 million per share, with estimates ranging from $656.72 million to $837.62 million. Zacks' earnings per share calculations are an average based on a survey of analysts that that provide coverage for Scorpio Tankers.
For the current quarter Scorpio Tankers Inc (NYSE:STNG) has average revenue estimates of $155.55 Million, a total number of 9 analysts provided estimations over revenues. After $-0.45 actual EPS reported by Eyenovia, Inc. for the previous quarter, Wall Street now forecasts -13.33% EPS growth.
While having a peek at profitability ratios Scorpio Tankers Inc (NYSE:STNG) has trailing twelve month gross margin at 40.1%, its trailing twelve month operating margin stands at -9.4% whereas its trailing twelve month net profit margin spots at 0%. The firm's revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter a year ago, the firm earned ($0.07) earnings per share.
Several equities research analysts have issued reports on STNG shares. The stock now has a consensus rating of "Buy" and a consensus price target of $4.68. (NYSE:STNG) news were published by: Hellenicshippingnews.com which released: "DNB Markets Upgrades Scorpio Tankers (NYSE:STNG) to Buy" on May 14, 2018. Jefferies initiated the shares of STNG in report on Monday, December 18 with "Buy" rating. (NYSE:STNG) earned "Outperform" rating by Credit Suisse on Thursday, February 15. As per Zacks simplified descending rating scale the ABR rank is displayed in the range of 1 to 5 where 1 represents Strong Buy and 5 a Strong Sell.
The market experts are predicting a 113.52% rally, based on the high target price ($6) for Scorpio Tankers Inc. shares that is likely to be hit in the 52 weeks. The stock decreased 1.40% or $0.04 during the last trading session, reaching $2.81. The company had a trading volume of 2,980,776 shares, compared to its average volume of 3,759,947. Total debt to equity ratio of the company for most recent quarter is 1.66 whereas long term debt to equity ratio for most recent quarter is 1.55. Scorpio Tankers Inc. (NYSE:STNG) has declined 52.61% since May 16, 2017 and is downtrending.
The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 6th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, June 5th.
PAYX traded at an unexpectedly high level on 05/15/2018 when the stock experienced a 1.16% gain to a closing price of $64.27. Hedge funds and other institutional investors own 62.86% of the company's stock. OppenheimerFunds Inc. boosted its stake in shares of Scorpio Tankers by 35.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 920,056 shares of the shipping company's stock valued at $2,807,000 after purchasing an additional 254,119 shares during the last quarter. Legal & General Group Plc lifted its holdings in Scorpio Tankers by 66.2% during the 3rd quarter. Legal & General Group Plc now owns 85,648 shares of the shipping company's stock valued at $296,000 after buying an additional 34,129 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Scorpio Tankers by 867.2% in the 4th quarter. Renaissance Technologies LLC now owns 182,800 shares of the shipping company's stock valued at $558,000 after acquiring an additional 163,900 shares in the last quarter. Caxton Associates LP now owns 225,000 shares of the shipping company's stock valued at $686,000 after acquiring an additional 125,000 shares in the last quarter. Scorpio Tankers Inc (NYSE:STNG)'s price to sales ratio for trailing twelve month stands at 1.84, whereas its price to book ratio for the most recent quarters is at 0.51. California State Teachers Retirement System now owns 377,205 shares of the shipping company's stock valued at $1,150,000 after acquiring an additional 33,062 shares in the last quarter.