EPS for Scorpio Bulkers Inc (SALT) Expected At $

Scorpio Bulkers (NYSE:SALT) last issued its earnings results on Monday, July 24th. Voya Investment Management LLC now owns 25,660 shares of the shipping company's stock worth $182,000 after buying an additional 5,493 shares during the period.

A number of other equities analysts have also recently issued reports on the stock.

Based on the latest brokerage notes which have been released to investors, 2 brokers have issued a rating of "strong buy", 8 brokers "buy", 2 brokers "neutral", 0 brokers "sell" and 1 brokers "strong sell".

01/26/2016 - Scorpio Bulkers Inc. was upgraded to "overweight" by analysts at JP Morgan. Scorpio Bulkers had 23 analyst reports since July 29, 2015 according to SRatingsIntel. Jefferies Group LLC reiterated a "buy" rating and set a $14.00 price target on shares of Scorpio Bulkers in a report on Thursday, August 3rd. The rating was maintained by Stifel Nicolaus with "Hold" on Monday, July 24. The consensus price target of $9.97 also implies significant upside from the current price of $8.20.

Shares of Safe Bulkers (NYSE:SB) opened at 3.29 on Thursday. The company has market cap of $328.91 million. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Scorpio Bulkers has a 12 month low of $3.35 and a 12 month high of $10.14.

Analysts expect Scorpio Bulkers Inc (NYSE:SALT) to report $-0.15 EPS on October, 30.They anticipate $0.15 EPS change or 50.00 % from last quarter's $-0.3 EPS. Scorpio Bulkers's quarterly revenue was up 116.7% compared to the same quarter past year. Scorpio Bulkers had a negative return on equity of 7.52% and a negative net margin of 72.87%. The business's revenue was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. Equities research analysts forecast that Safe Bulkers will post ($0.20) EPS for the current year. "(SALT) Will Announce Earnings of -$0.14 Per Share" was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this article on another website, it was copied illegally and republished in violation of U.S. and global copyright and trademark laws. The original version of this news story can be viewed at https://weekherald.com/2017/10/21/safe-bulkers-inc-sb-pt-set-at-5-00-by-maxim-group.html.

Several institutional investors and hedge funds have recently modified their holdings of SALT. Voya Investment Management LLC increased its stake in shares of Scorpio Bulkers by 27.2% in the second quarter. Marshall Wace North America L.P. acquired a new position in shares of Scorpio Bulkers in the 2nd quarter worth approximately $245,000. Vanguard Group Inc. purchased a new stake in shares of Safe Bulkers during the second quarter worth about $223,000. GSA Capital Partners LLP acquired a new position in shares of Scorpio Bulkers in the 2nd quarter worth approximately $138,000.

Stock research firms now have a positive stance on shares of ViewRay, Inc. Royce & Associates LP now owns 967,873 shares of the shipping company's stock worth $6,872,000 after buying an additional 55,000 shares during the last quarter.

Scorpio Bulkers Inc.is a shipping company. The Company's principal business is the acquisition, ownership and operation of drybulk vessels. The Company's vessels operate across the world, carrying drybulk cargo for the clients of marine drybulk transportation services. Its vessels transport a range of bulk commodities, including ores, coal, grains and fertilizers, along shipping routes, and are employed primarily in the spot market or in spot market-oriented pools of similarly sized vessels.

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