Scorpio Tankers (STNG) Expected to Announce Earnings on Thursday

Scorpio Tankers (NYSE:STNG - Get Free Report) is expected to be announcing its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.91 per share and revenue of $205.89 million for the quarter.

Scorpio Tankers (NYSE:STNG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The shipping company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Scorpio Tankers had a net margin of 53.76% and a return on equity of 18.01%. On average, analysts expect Scorpio Tankers to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Scorpio Tankers Stock Performance

NYSE:STNG opened at $35.23 on Thursday. The stock's 50-day moving average is $38.07 and its 200-day moving average is $48.31. Scorpio Tankers has a 1-year low of $30.63 and a 1-year high of $84.67. The company has a current ratio of 2.43, a quick ratio of 2.39 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.76 billion, a P/E ratio of 2.70 and a beta of -0.01.

Scorpio Tankers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Friday, March 7th. Scorpio Tankers's dividend payout ratio (DPR) is currently 12.27%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STNG. Evercore ISI reduced their price objective on shares of Scorpio Tankers from $64.00 to $60.00 and set an "outperform" rating on the stock in a research note on Tuesday. Jefferies Financial Group reiterated a "buy" rating and issued a $75.00 price target on shares of Scorpio Tankers in a research report on Thursday, February 13th. Finally, Stifel Nicolaus lowered their price objective on Scorpio Tankers from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $63.75.

Scorpio Tankers Company Profile

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.

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