$155.99 Million in Sales Expected for Scorpio Tankers Inc. (STNG) This Quarter

Brokerages expect Scorpio Tankers Inc. (NYSE:STNG) to announce sales of $155.99 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Scorpio Tankers’ earnings, with the highest sales estimate coming in at $159.34 million and the lowest estimate coming in at $150.59 million. Scorpio Tankers reported sales of $118.42 million during the same quarter last year, which indicates a positive year over year growth rate of 31.7%. The business is scheduled to issue its next quarterly earnings results on Monday, September 17th.

On average, analysts expect that Scorpio Tankers will report full year sales of $678.08 million for the current fiscal year, with estimates ranging from $624.51 million to $723.00 million. For the next financial year, analysts expect that the business will report sales of $734.69 million per share, with estimates ranging from $656.72 million to $837.62 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Scorpio Tankers.

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Scorpio Tankers (NYSE:STNG) last announced its earnings results on Wednesday, April 25th. The shipping company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). Scorpio Tankers had a negative return on equity of 7.61% and a negative net margin of 32.67%. The business had revenue of $156.50 million during the quarter, compared to analysts’ expectations of $154.72 million. During the same quarter in the previous year, the firm earned ($0.07) EPS. Scorpio Tankers’s quarterly revenue was up 27.4% on a year-over-year basis.

STNG has been the topic of a number of research analyst reports. Bank of America cut their target price on Scorpio Tankers from $3.85 to $2.75 and set a “buy” rating on the stock in a research note on Monday, March 19th. Zacks Investment Research upgraded Scorpio Tankers from a “sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Deutsche Bank restated a “buy” rating on shares of Scorpio Tankers in a research note on Tuesday, April 10th. DNB Markets upgraded Scorpio Tankers from a “hold” rating to a “buy” rating in a research note on Wednesday, April 25th. Finally, Morgan Stanley cut their target price on Scorpio Tankers from $3.50 to $3.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 25th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $4.21.

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Scorpio Tankers by 14.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,792,389 shares of the shipping company’s stock valued at $42,713,000 after acquiring an additional 2,743,205 shares during the period. Bank of New York Mellon Corp raised its holdings in Scorpio Tankers by 232.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,105,736 shares of the shipping company’s stock valued at $49,123,000 after acquiring an additional 11,255,133 shares during the period. BlackRock Inc. raised its holdings in Scorpio Tankers by 8.9% during the 1st quarter. BlackRock Inc. now owns 12,131,850 shares of the shipping company’s stock valued at $23,779,000 after acquiring an additional 993,468 shares during the period. Russell Investments Group Ltd. raised its holdings in Scorpio Tankers by 40.6% during the 1st quarter. Russell Investments Group Ltd. now owns 7,339,738 shares of the shipping company’s stock valued at $14,385,000 after acquiring an additional 2,121,265 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in Scorpio Tankers by 1.3% during the 1st quarter. Nuveen Asset Management LLC now owns 6,184,122 shares of the shipping company’s stock valued at $12,121,000 after acquiring an additional 80,911 shares during the period. 57.04% of the stock is currently owned by institutional investors.

Shares of NYSE STNG traded up $0.13 during midday trading on Friday, reaching $3.03. The company’s stock had a trading volume of 9,255,893 shares, compared to its average volume of 4,591,684. Scorpio Tankers has a 12-month low of $1.85 and a 12-month high of $4.20. The company has a market capitalization of $961.73 million, a PE ratio of -6.45 and a beta of 1.34. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 1.55.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Wednesday, June 6th will be issued a $0.01 dividend. The ex-dividend date is Tuesday, June 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.32%. Scorpio Tankers’s dividend payout ratio (DPR) is presently -8.51%.

Scorpio Tankers Company Profile

Scorpio Tankers Inc, together with its subsidiaries, engages in the seaborne transportation of refined petroleum products worldwide. As of March 22, 2018, its fleet consisted of 109 tankers, including 38 LR2, 12 LR1, 45 MR, and 14 Handymax tankers with an average age of approximately 2.6 years; and 20 time or bareboat chartered-in tankers, which include 2 LR2, 10 MR, and 8 Handymax tankers.

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• [By ]

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• [By JJ Kinahan]

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• [By Ethan Ryder]

  Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

  Get UnitedHealth Group alerts: Medical Software Rallies As Health Care’s Tech Conversion Accelerates (investors.com) What Are UnitedHealth��s Key Sources of Revenue? (trefis.com) Humana (HUM) and Monida Ink Deal, Enhances In-Network Access (finance.yahoo.com) Is UnitedHealth Group (UNH) Outperforming Other Medical Stocks This Year? (finance.yahoo.com) UnitedHealth Group (UNH) Price Target Increased to $285.00 by Analysts at BMO Capital Markets (americanbankingnews.com)

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Here are some of the news articles that may have effected Accern’s rankings:

Get NVIDIA alerts: Insider Selling: NVIDIA Co. (NVDA) Director Sells 45,000 Shares of Stock (americanbankingnews.com) NVIDIA Corporation (NVDA) Presents At RBC Capital Markets Auto Tech Conference – Slideshow (seekingalpha.com) Nvidia’s Role in the Autonomous Driving Race (finance.yahoo.com) Why Nvidia Is So Amazing And Keeps Getting Better (Andres Cardenal) (seekingalpha.com) Amazon, Nvidia, Micron and 10 Other Stocks to Own in June (thestreet.com)

A number of research firms have weighed in on NVDA. Cowen began coverage on shares of NVIDIA in a research report on Thursday, May 17th. They set an “outperform” rating and a $325.00 target price for the company. Zacks Investment Research upgraded shares of NVIDIA from a “hold” rating to a “buy” rating and set a $286.00 price objective on the stock in a report on Tuesday, May 15th. Needham & Company LLC boosted their price objective on shares of NVIDIA from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Monday, May 14th. They noted that the move was a valuation call. Sanford C. Bernstein set a $300.00 price objective on shares of NVIDIA and gave the stock a “buy” rating in a report on Sunday, May 13th. Finally, Rosenblatt Securities boosted their price objective on shares of NVIDIA from $300.00 to $315.00 in a report on Friday, May 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $260.06.

NVIDIA traded up $5.43, reaching $257.62, on Friday, Marketbeat.com reports. The stock had a trading volume of 10,518,645 shares, compared to its average volume of 15,246,618. The firm has a market cap of $153.56 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 3.49 and a beta of 1.52. NVIDIA has a 1-year low of $138.58 and a 1-year high of $260.50. The company has a quick ratio of 7.82, a current ratio of 8.54 and a debt-to-equity ratio of 0.26.

NVIDIA (NASDAQ:NVDA) last released its quarterly earnings results on Thursday, May 10th. The computer hardware maker reported $2.05 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.58. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $2.88 billion. NVIDIA had a net margin of 34.44% and a return on equity of 52.18%. The company’s revenue for the quarter was up 65.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.85 earnings per share. research analysts expect that NVIDIA will post 7.08 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 24th will be given a $0.15 dividend. The ex-dividend date is Wednesday, May 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 0.23%. NVIDIA’s dividend payout ratio (DPR) is presently 12.85%.

In other NVIDIA news, Director James C. Gaither sold 45,000 shares of the business’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $253.59, for a total value of $11,411,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ajay K. Puri sold 38,676 shares of the business’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $255.36, for a total transaction of $9,876,303.36. Following the completion of the transaction, the executive vice president now owns 508,962 shares in the company, valued at $129,968,536.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,897 shares of company stock worth $45,029,606. Company insiders own 4.70% of the company’s stock.

About NVIDIA

NVIDIA Corporation operates as a visual computing company worldwide. It operates through two segments, GPU and Tegra Processor. The GPU segment offers processors, which include GeForce for PC gaming and mainstream PCs; GeForce NOW for cloud-based game-streaming service; Quadro for design professionals working in computer-aided design, video editing, special effects, and other creative applications; Tesla for AI utilizing deep learning, accelerated computing, and general purpose computing; GRID provides power of NVIDIA graphics through the cloud and datacenters; DGX for AI scientists, researchers, and developers; and cryptocurrency-specific graphics processing units.

4 Stocks That Look Like They Will Go Higher In The Coming Days

The following five stocks all appear to be headed into downtrends following recent periods of strength. All charts are from VantagePoint, an artificial intelligence platform that utilizes neural networks and intermarket analysis to predict future price action. 

Some things to know about each of the charts below:

They are all 3-month charts, with each candle representing one trading day The black line is a simple 10-day moving average, while the blue line is a predicted 6-day moving average, either 48 or 72 hours in advance.  A crossover of the two lines indicates a trend change. The blue line crossing over the black is a bullish signal, while the black crossing over the blue is a bearish signal Microchip Technology

Microchip Technology Incorporated (NASDAQ: MCHP) had a clear crossover to the upside on May 3, when the blue predicted moving average crossed above the black simple 10-day moving average. Since then the stock is up 17 percent, while the gray candle predicting Thursday's range shows continued upside. As long as the two lines don't crossover, look for this uptrend to continue. 

Deckers Outdoor

Deckers Outdoor Corporation (NYSE: DECK) had a definitive crossover on May 7, and since then the stock is up nearly 20 percent. This was followed by a great earnings report announced on May 24, where the company gave fiscal year earnings and sales guidance above Wall Street's estimates. Notably, the trend has gotten much stronger the last few trading sessions. 

Sirius XM

Siriux XM Holdings Inc. (NASDAQ: SIRI) began trading higher on April 19 following a bullish crossover, but the real uptrend didn't begin until May 3. This is an example of how trends can sometimes take several days to take shape, as the upside wasn't immediately apparent. Nonetheless, the stock is trading at its highest levels since 2005. 

HollyFrontier

HollyFrontier Corporation (NYSE: HFC) hit a 2018 low on March 1, but it's been all upside since then. The stock's 88 percent rise in the three months since has made it one of Wall Street's top performers in that span. The company is helping of course, by reporting Q1 earnings well above estimates. 

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