Analysts Offer Predictions for Navigator Holdings Ltd’s Q4 2017 Earnings (NVGS)

Navigator Holdings Ltd (NYSE:NVGS) – Stock analysts at Jefferies Group issued their Q4 2017 EPS estimates for shares of Navigator in a report released on Monday, according to Zacks Investment Research. Jefferies Group analyst R. Giveans anticipates that the shipping company will post earnings of ($0.06) per share for the quarter. Jefferies Group currently has a “Buy” rating and a $15.00 target price on the stock. Jefferies Group also issued estimates for Navigator’s FY2018 earnings at $0.08 EPS.

Navigator (NYSE:NVGS) last released its quarterly earnings results on Wednesday, November 8th. The shipping company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04). Navigator had a net margin of 3.88% and a return on equity of 1.49%. The firm had revenue of $70.21 million during the quarter, compared to analyst estimates of $59.65 million. During the same quarter last year, the firm earned $0.12 earnings per share. Navigator’s quarterly revenue was up .7% on a year-over-year basis.

A number of other brokerages also recently weighed in on NVGS. Zacks Investment Research downgraded shares of Navigator from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. BidaskClub downgraded shares of Navigator from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Maxim Group set a $17.00 target price on shares of Navigator and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.60.

Shares of Navigator (NYSE:NVGS) traded up $0.50 during midday trading on Wednesday, hitting $10.75. 263,973 shares of the company’s stock were exchanged, compared to its average volume of 141,852. Navigator has a one year low of $7.00 and a one year high of $14.75. The company has a market capitalization of $569.20, a P/E ratio of 51.19, a PEG ratio of 4.16 and a beta of 1.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.93 and a current ratio of 1.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Frontier Capital Management Co. LLC bought a new stake in shares of Navigator during the third quarter worth approximately $4,489,000. Northern Trust Corp raised its stake in shares of Navigator by 518.5% during the second quarter. Northern Trust Corp now owns 361,541 shares of the shipping company’s stock worth $3,001,000 after buying an additional 303,090 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Navigator by 13.0% during the third quarter. Oppenheimer & Co. Inc. now owns 1,930,167 shares of the shipping company’s stock worth $21,425,000 after buying an additional 222,460 shares during the last quarter. Gagnon Securities LLC raised its stake in shares of Navigator by 33.7% during the third quarter. Gagnon Securities LLC now owns 774,072 shares of the shipping company’s stock worth $8,592,000 after buying an additional 195,181 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of Navigator by 71.6% during the second quarter. Evergreen Capital Management LLC now owns 405,865 shares of the shipping company’s stock worth $3,369,000 after buying an additional 169,410 shares during the last quarter. 69.05% of the stock is owned by institutional investors.

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Navigator Company Profile

Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.

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