Equities research analysts predict that Navigator Holdings (NYSE:NVGS) will announce earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Navigator’s earnings, with estimates ranging from $0.03 to $0.08. Navigator posted earnings of $0.10 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 40%. The firm is expected to report its next earnings report after the market closes on Monday, May 7th.
On average, analysts expect that Navigator will report full year earnings of $0.39 per share for the current year, with EPS estimates ranging from $0.05 to $0.87. For the next year, analysts anticipate that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.63 to $1.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Navigator.
Navigator (NYSE:NVGS) last announced its earnings results on Monday, March 5th. The shipping company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). The company had revenue of $76.70 million during the quarter, compared to the consensus estimate of $60.02 million. Navigator had a net margin of 1.78% and a return on equity of 0.84%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS.
NVGS has been the subject of a number of recent analyst reports. Maxim Group reiterated a “buy” rating and issued a $16.00 target price (up previously from $14.50) on shares of Navigator in a research report on Monday, March 5th. Morgan Stanley upgraded shares of Navigator from an “underweight” rating to an “equal weight” rating and set a $13.00 target price for the company in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Navigator from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Finally, ValuEngine lowered shares of Navigator from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Two 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. Navigator has an average rating of “Hold” and a consensus price target of $13.90.
A number of institutional investors and hedge funds have recently made changes to their positions in NVGS. Russell Investments Group Ltd. lifted its holdings in Navigator by 22.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 50,368 shares of the shipping company’s stock valued at $559,000 after acquiring an additional 9,101 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Navigator by 50.9% in the 3rd quarter. Wells Fargo & Company MN now owns 310,341 shares of the shipping company’s stock valued at $3,445,000 after acquiring an additional 104,731 shares during the last quarter. Stifel Financial Corp lifted its holdings in Navigator by 12.4% in the 3rd quarter. Stifel Financial Corp now owns 100,415 shares of the shipping company’s stock valued at $1,116,000 after acquiring an additional 11,100 shares during the last quarter. Creative Planning lifted its holdings in Navigator by 79.1% in the 4th quarter. Creative Planning now owns 50,931 shares of the shipping company’s stock valued at $502,000 after acquiring an additional 22,500 shares during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in Navigator by 68.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 682,940 shares of the shipping company’s stock valued at $6,727,000 after acquiring an additional 278,560 shares during the last quarter. Hedge funds and other institutional investors own 69.53% of the company’s stock.
Shares of NVGS opened at $11.30 on Tuesday. The stock has a market capitalization of $627.51, a P/E ratio of 75.33, a P/E/G ratio of 3.24 and a beta of 1.23. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.94. Navigator has a 52-week low of $7.00 and a 52-week high of $13.40.
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Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.
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