Brokerages Anticipate Navigator Holdings Ltd (NYSE:NVGS) to Announce -$0.06 EPS

Brokerages expect Navigator Holdings Ltd (NYSE:NVGS) to report ($0.06) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navigator’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.08). Navigator also posted earnings per share of ($0.06) in the same quarter last year. The company is expected to issue its next earnings report after the market closes on Thursday, August 8th.

On average, analysts expect that Navigator will report full year earnings of $0.01 per share for the current fiscal year, with EPS estimates ranging from ($0.15) to $0.21. For the next fiscal year, analysts forecast that the business will post earnings of $1.21 per share, with EPS estimates ranging from $0.83 to $1.90. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Navigator.

Navigator (NYSE:NVGS) last posted its earnings results on Monday, May 13th. The shipping company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.10). The company 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%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.01 earnings per share.

A number of analysts recently weighed in on NVGS shares. ValuEngine upgraded shares of Navigator from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co upgraded shares of Navigator from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $13.50 to $15.00 in a research note on Thursday, July 25th. Zacks Investment Research upgraded shares of Navigator from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, TheStreet cut shares of Navigator from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $14.50.

Shares of NYSE NVGS traded down $0.06 during mid-day trading on Friday, reaching $9.98. The company had a trading volume of 114,362 shares, compared to its average volume of 108,751. 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 has a 50 day simple moving average of $9.97. The stock has a market cap of $556.04 million, a PE ratio of -199.80 and a beta of 1.06. Navigator has a 52-week low of $8.70 and a 52-week high of $12.73.

Several hedge funds and other institutional investors have recently modified their holdings of NVGS. GSA Capital Partners LLP bought a new stake in shares of Navigator during the 2nd quarter valued at $103,000. Gamco Investors INC. ET AL lifted its position in shares of Navigator by 67.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 350,980 shares of the shipping company’s stock valued at $3,285,000 after acquiring an additional 140,897 shares during the period. Minerva Advisors LLC lifted its position in shares of Navigator by 3.1% during the 2nd quarter. Minerva Advisors LLC now owns 400,881 shares of the shipping company’s stock valued at $3,752,000 after acquiring an additional 11,947 shares during the period. Gagnon Securities LLC lifted its position in shares of Navigator by 2.0% during the 1st quarter. Gagnon Securities LLC now owns 958,306 shares of the shipping company’s stock valued at $10,541,000 after acquiring an additional 18,613 shares during the period. Finally, Royce & Associates LP lifted its position in shares of Navigator by 3.3% during the 1st quarter. Royce & Associates LP now owns 1,056,173 shares of the shipping company’s stock valued at $11,618,000 after acquiring an additional 33,500 shares during the period. Institutional investors and hedge funds own 68.93% 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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