Eneti, Inc. (NETI)
| Market Cap | 303.95M |
| Revenue (ttm) | 194.22M |
| Net Income (ttm) | -447.35M |
| Shares Out | 18.23M |
| EPS (ttm) | -40.27 |
| PE Ratio | n/a |
| Forward PE | 18.66 |
| Dividend | $0.31 (1.86%) |
| Ex-Dividend Date | Aug 30, 2021 |
| Volume | 37,755 |
| Open | 16.50 |
| Previous Close | 16.69 |
| Day's Range | 16.12 - 16.92 |
| 52-Week Range | 10.61 - 24.66 |
| Beta | 1.25 |
| Analysts | Buy |
| Price Target | 26.20 (+57.2%) |
| Est. Earnings Date | Oct 19, 2021 |
About NETI
Eneti 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. As of December 31, 2020, the company owned or finance leased 41 vessels consisting of 13 Kamsarmax vessels and 28 Ultramax vessels, as well as time chartered-in five Kamsarmax vessels. It also focuses on the marine-based renewable energy business, which include investing in the wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc. and ...
Financial Performance
Financial StatementsAnalyst Forecast
According to 6 analysts, the average rating for Eneti stock is "Buy." The 12-month stock price forecast is 26.20, which is an increase of 57.17% from the latest price.
News
Eneti (NETI) Moves to Strong Buy: Rationale Behind the Upgrade
Eneti (NETI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
New Strong Buy Stocks for September 17th
CMC, NETI, RS, WLK, and SALM have been added to the Zacks Rank #1 (Strong Buy) List on September 17, 2021.
Eneti (NETI) Tops Q2 Earnings and Revenue Estimates
Eneti (NETI) delivered earnings and revenue surprises of 181.25% and 57.61%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Recap: Eneti Q2 Earnings
Shares of Eneti (NYSE:NETI) rose 0.1% after the company reported Q2 results. Quarterly Results Earnings per share rose 115.85% year over year to $0.90, which beat the estimate of $0.21.
Eneti Inc. Announces Financial Results for the Second Quarter of 2021 and Declares a Quarterly Cash Dividend
MONACO, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended June 30, 2021.
Should You Buy Eneti (NETI) Ahead of Earnings?
Eneti (NETI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Eneti Inc. to Announce Second Quarter 2021 Results
MONACO, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce second quarter 2021 financial results in a press release that will be issued before the market opens o...
Is a Surprise Coming for Eneti (NETI) This Earnings Season?
Eneti (NETI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Eneti Acquires Seajacks For ~8.13M Shares, $299M Of Assumed Debt, $74M Of Newly-Issued Redeemable Shares, $12M Cash
Eneti Inc (NYSE:NETI), through its subsidiary, has agreed to acquire 100% of Atlantis Investorco Limited, the parent of Seajacks International Limited ("Seajacks"), for consideration of ~8.13 million sh...
Eneti to Acquire Seajacks to Become the World's Leading Owner and Operator of Wind Turbine Installation Vessels (WTIV)
MONACO, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that one of its wholly-owned direct subsidiaries entered into a binding agreement with Marube...
Eneti (NETI) Earnings Expected to Grow: What to Know Ahead of Q2 Release
Eneti (NETI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NOV Lands Equipment Delivery Contracts for Eneti's WTIV
NOV's GustoMSC NG-16000X design provides the option to modify the vessel and enable it to operate on alternate liquefied natural gas or ammonia fuel in the future.
Eneti Inc. Announces Financial Results for the First Quarter of 2021 and Declares a Quarterly Cash Dividend
MONACO, May 18, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”), today reported its results for the three months ended March 31, 2021.
Earnings Preview for Eneti
On Tuesday, May 18, Eneti (NYSE:NETI) will release its latest earnings report. Here is Benzinga's outlook for the company.
Why Earnings Season Could Be Great for Eneti (NETI)
Eneti (NETI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Eneti Inc. Announces Date Change for First Quarter 2021 Earnings Press Release and Conference Call
MONACO, May 11, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce first quarter 2021 financial results in a press release that will be issued before the market opens on ...
Eneti Inc. Announces a Contract for the Construction of One Next-Generation Offshore Wind Turbine Installation Vessel...
MONACO, May 11, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (“Eneti” or the “Company”) announced today that it entered into a binding agreement for the construction of one Wind Turbine Installation...
Eneti Inc. to Announce First Quarter 2021 Results
MONACO, May 03, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) plans to announce first quarter 2021 financial results in a press release that will be issued before the market opens on ...
Eneti Inc. Announces Purchase of Common Shares by Scorpio Holdings Limited
MONACO, April 14, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) announced today that Scorpio Holdings Limited (“SHL”), a related party, has purchased 26,129 common shares of the Compa...
Why Global Shipping Stocks Jumped Today
The opening of global economies has ocean shipping resources in high demand.
Eneti Inc. Announces Availability of 2020 Annual Report on Form 20-F
MONACO, March 08, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 has been filed with the Securi...
Eneti Inc. Announces the Sale of Ultramax Vessels
MONACO, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Eneti Inc. (NYSE: NETI) (the “Company”) announced today that the Company has entered into agreements with unaffiliated third parties to sell the SBI Cronos, an ...
Scorpio Bulkers Inc. Announces Name Change to Eneti Inc. to be Effective February 8, 2021
MONACO, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company's shareholders approved the change of the Company's name to “Eneti Inc.” at t...
Recap: Scorpio Bulkers Q4 Earnings
Shares of Scorpio Bulkers (NYSE:SALT) rose 5.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 163.16% over the past year to ($0.36), which m...
Scorpio Bulkers Inc. Announces Financial Results for the Fourth Quarter of 2020, Declares a Quarterly Cash Dividend a...
MONACO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (“Scorpio Bulkers” or the “Company”), today reported its results for the three months ended December 31, 2020.