-$0.01 Earnings Per Share Expected for Navigator Holdings Ltd (NYSE:NVGS) This Quarter

Wall Street brokerages expect Navigator Holdings Ltd (NYSE:NVGS) to announce earnings of ($0.01) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navigator’s earnings, with estimates ranging from ($0.04) to $0.04. Navigator reported earnings per share of ($0.06) during the same quarter last year, which would suggest a positive year-over-year growth rate of 83.3%. The business is scheduled to issue its next earnings report on Monday, August 5th.

On average, analysts expect that Navigator will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from ($0.03) to $0.28. For the next year, analysts anticipate that the company will report earnings of $1.20 per share, with EPS estimates ranging from $0.80 to $1.91. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Navigator.

Navigator (NYSE:NVGS) last released its earnings results on Monday, May 13th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). The firm had revenue of $76.10 million during the quarter, compared to analysts’ expectations of $67.73 million. Navigator had a negative net margin of 3.14% and a negative return on equity of 0.72%. Navigator’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Navigator from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. Maxim Group reiterated a “buy” rating and set a $16.00 price objective on shares of Navigator in a report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.33.

NYSE:NVGS traded down $0.21 on Monday, reaching $9.34. The stock had a trading volume of 75,300 shares, compared to its average volume of 101,987. The stock has a market cap of $531.53 million, a P/E ratio of -186.80 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $10.06. Navigator has a 12-month low of $8.70 and a 12-month high of $13.55.

Several hedge funds have recently made changes to their positions in the company. Royce & Associates LP increased its position in Navigator by 3.3% during the 1st quarter. Royce & Associates LP now owns 1,056,173 shares of the shipping company’s stock worth $11,618,000 after purchasing an additional 33,500 shares in the last quarter. Gagnon Securities LLC increased its position in Navigator by 2.0% during the 1st quarter. Gagnon Securities LLC now owns 958,306 shares of the shipping company’s stock worth $10,541,000 after purchasing an additional 18,613 shares in the last quarter. Northern Trust Corp increased its position in Navigator by 1.5% during the 4th quarter. Northern Trust Corp now owns 507,891 shares of the shipping company’s stock worth $4,775,000 after purchasing an additional 7,536 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Navigator by 5.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 210,083 shares of the shipping company’s stock worth $2,311,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Teton Advisors Inc. increased its position in Navigator by 1.5% during the 1st quarter. Teton Advisors Inc. now owns 168,441 shares of the shipping company’s stock worth $1,853,000 after purchasing an additional 2,441 shares in the last quarter. Institutional investors and hedge funds own 68.98% of the company’s stock.

Navigator Company Profile

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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