Brokerages expect Dorian LPG Ltd (NYSE:LPG) to announce sales of $40.28 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Dorian LPG’s earnings, with the lowest sales estimate coming in at $35.96 million and the highest estimate coming in at $44.60 million. Dorian LPG posted sales of $39.04 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.2%. The company is scheduled to report its next quarterly earnings report on Friday, June 21st.
According to Zacks, analysts expect that Dorian LPG will report full-year sales of $163.00 million for the current financial year, with estimates ranging from $158.70 million to $167.30 million. For the next fiscal year, analysts expect that the business will report sales of $180.12 million, with estimates ranging from $175.30 million to $184.93 million. Zacks’ sales averages are an average based on a survey of research firms that cover Dorian LPG.
Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Monday, February 4th. The shipping company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.08. The business had revenue of $55.11 million during the quarter, compared to analyst estimates of $47.29 million. Dorian LPG had a negative net margin of 23.65% and a negative return on equity of 4.35%.
In related news, Director Christina Tan purchased 5,000 shares of Dorian LPG stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average cost of $5.85 per share, with a total value of $29,250.00. Following the transaction, the director now owns 72,729 shares of the company’s stock, valued at approximately $425,464.65. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John C. Hadjipateras purchased 7,500 shares of Dorian LPG stock in a transaction that occurred on Friday, April 5th. The shares were bought at an average cost of $7.73 per share, for a total transaction of $57,975.00. Following the completion of the transaction, the insider now directly owns 141,994 shares in the company, valued at approximately $1,097,613.62. The disclosure for this purchase can be found here. Insiders bought a total of 32,500 shares of company stock worth $215,825 over the last ninety days. Corporate insiders own 26.40% of the company’s stock.
A number of hedge funds have recently bought and sold shares of LPG. BlackRock Inc. boosted its position in Dorian LPG by 0.4% during the 3rd quarter. BlackRock Inc. now owns 1,755,254 shares of the shipping company’s stock worth $13,988,000 after acquiring an additional 6,691 shares during the period. Dimensional Fund Advisors LP boosted its position in Dorian LPG by 5.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,012,986 shares of the shipping company’s stock worth $24,013,000 after acquiring an additional 163,930 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in Dorian LPG during the 3rd quarter worth $3,700,000. Robotti Robert boosted its position in Dorian LPG by 4.7% during the 3rd quarter. Robotti Robert now owns 542,709 shares of the shipping company’s stock worth $4,326,000 after acquiring an additional 24,560 shares during the period. Finally, Vanguard Group Inc boosted its position in Dorian LPG by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 512,641 shares of the shipping company’s stock worth $4,086,000 after acquiring an additional 5,047 shares during the period. Institutional investors own 55.26% of the company’s stock.
NYSE:LPG traded down $0.17 during trading hours on Friday, reaching $8.05. The company’s stock had a trading volume of 13,292 shares, compared to its average volume of 172,911. The stock has a market cap of $453.01 million, a PE ratio of -13.00 and a beta of 0.87. Dorian LPG has a 1 year low of $5.26 and a 1 year high of $8.80. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 0.70.
Dorian LPG Company Profile
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.
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