Wall Street analysts predict that Dorian LPG Ltd (NYSE:LPG) will post earnings per share of ($0.12) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dorian LPG’s earnings, with estimates ranging from ($0.12) to ($0.11). Dorian LPG reported earnings of $0.02 per share in the same quarter last year, which would suggest a negative year over year growth rate of 700%. The company is expected to report its next quarterly earnings report on Wednesday, June 13th.
According to Zacks, analysts expect that Dorian LPG will report full-year earnings of ($0.55) per share for the current year. For the next fiscal year, analysts expect that the firm will post earnings of ($0.49) per share, with EPS estimates ranging from ($0.51) to ($0.46). Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Dorian LPG.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, February 1st. The shipping company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.15. Dorian LPG had a negative net margin of 8.92% and a negative return on equity of 2.29%. The company had revenue of $44.55 million during the quarter, compared to analysts’ expectations of $36.59 million. During the same quarter in the previous year, the company earned ($0.36) earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis.
A number of research analysts have weighed in on LPG shares. DNB Markets cut shares of Dorian LPG from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a report on Friday, November 3rd. ValuEngine cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. Finally, Clarkson Capital raised shares of Dorian LPG from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.17.
In related news, Director Christina Tan bought 10,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average price of $7.00 per share, with a total value of $70,000.00. Following the completion of the purchase, the director now directly owns 39,475 shares of the company’s stock, valued at $276,325. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Group Ltd Bw bought 1,100,000 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were bought at an average cost of $7.30 per share, with a total value of $8,030,000.00. The disclosure for this purchase can be found here. Insiders acquired 1,836,460 shares of company stock valued at $13,570,244 in the last ninety days. 26.50% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Dorian LPG during the fourth quarter worth about $105,000. Macquarie Group Ltd. purchased a new stake in Dorian LPG during the 3rd quarter valued at about $120,000. Voya Investment Management LLC grew its stake in Dorian LPG by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock valued at $129,000 after acquiring an additional 2,763 shares in the last quarter. Virtu Financial LLC purchased a new stake in Dorian LPG during the 4th quarter valued at about $163,000. Finally, The Manufacturers Life Insurance Company grew its stake in Dorian LPG by 1,041.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 20,004 shares of the shipping company’s stock valued at $164,000 after acquiring an additional 18,252 shares in the last quarter. 50.62% of the stock is owned by institutional investors and hedge funds.
Dorian LPG (NYSE:LPG) traded up $0.29 on Friday, reaching $7.69. 259,144 shares of the company’s stock were exchanged, compared to its average volume of 562,906. Dorian LPG has a one year low of $6.20 and a one year high of $11.28. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $423.84, a PE ratio of -27.46 and a beta of 1.05.
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Dorian LPG Company Profile
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.
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