Streetbeat News

NETI

Eneti Inc

https://www.scorpiobulkers.com/

CEO

Emanuele Lauro

Employees

Industry

Deep Sea Freight Transportation

scorpio bulkers inc. (nyse: salt) is a provider of marine transportation of dry bulk commodities.

Open

11.31

Mkt cap

438M

Volume

206K

High

11.35

P/E Ratio

-11.44

52-wk high

13.54

Low

11.29

Div yield

0.00

52-wk low

7.75

Eneti Inc. (NYSE:NETI) reported Q3 earnings with an EPS of $0.49, surpassing the estimate of $0.27 by 81.48%. However, revenue decreased by $16.00 million compared to the same period last year. In the previous quarter, Eneti's EPS beat estimates by $0.02, leading to a 1.75% share price increase the following day.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 12:45 pm

Eneti Inc. reported Q3 adjusted earnings per share (EPS) of $0.49, surpassing the analyst consensus estimate of $0.27 by 81.48%. However, this represents a 32.88% decrease from the $0.73 EPS reported in the same quarter last year. Quarterly sales were $53.20 million, exceeding expectations by 9.14% but showing a 23.12% decrease from the previous year's $69.19 million.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 12:36 pm

Offshore wind turbine and foundation installation companies Cadeler A/S and Eneti Inc. have announced a share exchange offer for all outstanding shares of Eneti Inc. The offer is part of a business combination agreement announced in June 2023 and is expected to close in Q4 2023. The combined group will be named Cadeler, headquartered in Copenhagen, Denmark, and listed on the New York Stock Exchange and the Oslo Stock Exchange. Cadeler's management anticipates the business combination will deliver annual synergies of €106 million.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:42 pm

Eneti (NYSE:NETI) reported Q2 adjusted earnings of $0.08 per share, beating the analyst consensus estimate of $0.06 by 33.33%. However, the company's quarterly sales of $38.85 million missed the analyst consensus estimate of $38.98 million by 0.34%, marking a 36.61% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 12:04 pm

Eneti (NYSE:NETI) is set to release its latest quarterly earnings report on Tuesday, 2023-08-08. Analysts estimate an EPS of $0.06. The company's past performance shows it beat EPS estimates last quarter, resulting in a 1.18% increase in share price. Eneti's shares are currently trading at $12.06, up 45.18% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 6:01 pm

Benzinga Insights has identified five value stocks in the industrials sector based on quantified analysis. These include Eneti (NYSE:NETI), Nordic American Tankers (NYSE:NAT), Universal Security (AMEX:UUU), Pangaea Logistics Solns (NASDAQ:PANL), and Global Ship Lease (NYSE:GSL). The companies have shown varying performance in terms of earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 2:41 pm

Benzinga has released its top ratings upgrades and downgrades for June 22, 2023, including several companies such as DiaMedica Therapeutics, Kellogg, Agree Realty, Grab Holdings, XP Inc, Dow Inc, AES Corp, Celanese Corp, and more. The list also includes initiations of coverage for companies like Iridium Communications, Everest Re Group, Zura Bio, Humacyte, FingerMotion, Outbrain, Taboola.com, Terns Pharmaceuticals, and others.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 3:02 pm

Citigroup analyst Vikram Bagri downgrades Eneti (NYSE:NETI) from Buy to Neutral and announces a $14 price target.

Portfolio Pulse from richadhand@benzinga.com

June 22, 2023 | 9:18 am

B. Riley Securities analyst Liam Burke maintains a Buy rating on Eneti (NYSE:NETI) and lowers the price target from $16 to $15.3.

Portfolio Pulse from richadhand@benzinga.com

June 20, 2023 | 12:35 pm

Squarespace shares rose 7.2% after announcing a definitive agreement to acquire Google Domains assets. Other stocks experienced significant gains, including Oncorus, Evelo Biosciences, Navidea Biopharmaceuticals, and Virgin Galactic Holdings.

Portfolio Pulse from Lisa Levin

June 16, 2023 | 5:08 pm

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