Scorpio Bulkers Inc. (NYSE:SALT) is reporting second quarter financial results on Monday 3rd August 2020, after market close.
According to analysts surveyed by Thomson Reuters, SALT is expected to report 2Q20 loss of $ 3.59 per share from revenue of $ 26.23 million.
For the full year, analysts anticipate top line of $ 169.29 million, while looking forward to loss of $ 21.79 per share bottom line.
Previous Quarter Performance
Scorpio Bulkers Inc. communicated loss for the first quarter of $ 1.57 per share, from the revenue of $ 40.82 million. The quarterly revenues contracted 18.93 percent compared with the same quarter last year. The consensus estimates are loss of $ 2.02 per share from $ 46.42 million in revenue. The bottom line results beat street analysts by $ 0.45 or 22.28 percent, at the same time, top line results fell short of analysts by $ 5.6 million or 12.06 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SALT was $ 14.66, representing a 12.08 % increase from the 52 week low of $ 13.08 and a 79.72 % decrease over the 52 week high of $ 72.30.
The company has a market capital of $ 175.37 million and is part of the Industrials sector and Shipping & Ports industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on May 11, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
Scorpio Bulkers Inc., a shipping company, owns and operates dry bulk carriers worldwide. Its vessels transport a range of bulk commodities, including ores, coal, grains, and fertilizers. The company owns and operates 55 vessels, including 54 wholly-owned or finance leased drybulk vessels comprising 17 Kamsarmax vessels and 37 Ultramax vessels; and 1 time chartered-in Ultramax vessel.
