Media headlines about Scorpio Bulkers (NYSE:SALT) have been trending somewhat positive this week, according to AlphaOne Sentiment. The research group, a subsidiary of Accern, rates the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scorpio Bulkers earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned headlines about the company an impact score of 71 out of 100, indicating that recent news coverage is likely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s analysis:
- Scorpio Bulkers Inc (SALT) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Scorpio Bulkers Inc. Announces First Quarter Earnings Release Date and Conference Call Details – GlobeNewswire (press release) (globenewswire.com)
- Scorpio Bulkers Inc. (SALT) sitting close to a major resistance line on the technical charts – USA Commerce Daily (usacommercedaily.com)
- Scorpio Bulkers Inc. (SALT) has 1 year Price Target of $8.13 – The Newburgh Press (newburghpress.com)
SALT has been the subject of a number of recent research reports. Jefferies Group LLC raised their target price on Scorpio Bulkers from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, January 23rd. Zacks Investment Research downgraded Scorpio Bulkers from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Deutsche Bank AG raised Scorpio Bulkers from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.50 to $7.25 in a research note on Tuesday, January 3rd. Morgan Stanley initiated coverage on Scorpio Bulkers in a research note on Tuesday, March 28th. They issued an “equal weight” rating and a $10.50 target price for the company. Finally, Credit Suisse Group AG raised Scorpio Bulkers from a “neutral” rating to an “outperform” rating and set a $10.00 target price for the company in a research note on Monday, March 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.61.
Shares of Scorpio Bulkers (NYSE:SALT) traded down 3.41% during mid-day trading on Thursday, hitting $8.50. The company’s stock had a trading volume of 582,200 shares. The stock has a 50-day moving average of $8.55 and a 200-day moving average of $6.11. The company’s market cap is $609.43 million. Scorpio Bulkers has a 12-month low of $2.64 and a 12-month high of $10.14.
Scorpio Bulkers (NYSE:SALT) last posted its quarterly earnings results on Monday, February 6th. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by $0.02. Scorpio Bulkers had a negative net margin of 159.23% and a negative return on equity of 10.36%. The business earned $26.85 million during the quarter, compared to analysts’ expectations of $28.41 million. During the same quarter last year, the firm earned ($0.80) earnings per share. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. On average, equities research analysts forecast that Scorpio Bulkers will post ($0.83) EPS for the current year.
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Scorpio Bulkers Company Profile
Scorpio Bulkers Inc is a shipping company. The Company offers marine transportation services for a range of bulk commodities, including ores, coal, grains and fertilizers using its vessels. The Company focuses to acquire and operate the drybulk carriers. The Company operates through three segments: Capesize, Kamsarmax and Ultramax.
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