Of 10 analysts that cover Scorpio stock, nine have a Buy or Strong Buy rating. The other assigned it a Hold rating. At a share price of around $52.10, the upside potential to a median price target of $64.50 is 23.8%. At the high price target of $78.00, the upside potential is 49.7%.
Revenue for the fiscal fourth quarter is forecast at $430.07 million, down 5.7% sequentially but up about 91% year over year. Analysts expect EPS of $3.88 per share, down 9.5% sequentially and up from a per-share loss of $0.79 in the year-ago quarter. For the full 2022 fiscal year ending this month, Scorpio is currently expected to report EPS of $11.12, compared to a loss of $4.17 per share in 2021, on revenue of $1.45 billion, up 170% year over year.
The stock trades at 4.7 times expected 2022 EPS, 7.1 times estimated 2023 earnings of $7.28 per share and 7.6 times estimated 2024 earnings of $6.88 per share. Scorpio’s 52-week trading range is $11.02 to $55.10. The company pays an annual dividend of $0.20 (yield of 0.77%). Total shareholder return for the past year was 287%.
Weber
Barbecue grill maker Weber Inc. (NYSE: WEBR) held its initial public offering in August of 2021, selling about half as many shares as it had hoped at a price lower than its expected offering range. The stock currently trades down about 60% from its first day’s closing price. Monday morning, Weber accepted a buyout offer from private equity firm BDT for the 15% of the company that BDT does not already own. BDT will pay $8.05 per share in the all-cash deal, a 60% premium to Weber’s closing price on October 24, when the possible acquisition was first made public.
Only six brokerages cover the company. Four rate the stock at Hold, while the other two have a Sell rating. At a price of around $6.50 apiece, the shares traded above the median target of $4.00, largely due to the October news. The buyout offer is also well above the high target of $6.25.
Analysts expect the company to report revenue of $209.01 million and an adjusted loss per share of $0.35. For the full fiscal year ended in September, Weber is forecast to post a loss per share of $0.87, far below EPS of $0.56 in 2021, on sales of %1.63 billion, down nearly 18% year over year.
The stock’s 52-week range is $4.82 to $13.28. Weber does not pay a dividend, and total shareholder return for the past year was negative 45.3%.
Originally published at 24/7 Wall St.
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