Scorpio Tankers (NYSE:STNG – Get Free Report) released its quarterly earnings results on Tuesday. The shipping company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.61 by $0.14, Briefing.com reports. The business had revenue of $267.99 million during the quarter, compared to analyst estimates of $267.91 million. Scorpio Tankers had a net margin of 47.36% and a return on equity of 23.83%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 earnings per share.
Scorpio Tankers Trading Down 1.3 %
STNG traded down $0.77 during trading on Wednesday, hitting $58.55. 130,951 shares of the company’s stock were exchanged, compared to its average volume of 911,786. The company has a current ratio of 2.67, a quick ratio of 2.63 and a debt-to-equity ratio of 0.29. The firm has a market cap of $3.20 billion, a P/E ratio of 5.47 and a beta of 0.15. The stock has a 50 day moving average price of $68.85 and a 200 day moving average price of $74.06. Scorpio Tankers has a 1 year low of $52.68 and a 1 year high of $84.67.
Scorpio Tankers Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 22nd will be paid a $0.40 dividend. The ex-dividend date is Friday, November 22nd. This represents a $1.60 annualized dividend and a yield of 2.73%. Scorpio Tankers’s payout ratio is currently 14.84%.
Analysts Set New Price Targets
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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.
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