Brokers expect Navigator Holdings Ltd. (NYSE:NVGS) reports earnings per share of $0.24 for the current fiscal quarter, according to Zacks. Two analysts provided Navigator earnings estimates, with the highest EPS estimate of $0.26 and the lowest estimate of $0.21. Navigator reported earnings per share of $0.04 in the same quarter last year, suggesting a positive 500% year-over-year growth rate. The company is due to announce its next earnings report on Thursday, March 17.
On average, analysts expect Navigator to report annual earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.37 to $0.44. For next year, analysts expect the company to post earnings of $1.39 per share, with EPS estimates ranging from $1.16 to $1.62. Zacks’ earnings per share calculations are an average based on a survey of analysts who cover Navigator.
Navigator Inc (NYSE:NVGS) last released its quarterly results on Monday, November 29. The shipping company reported EPS of $0.10 for the quarter, beating the consensus estimate of $0.06 by $0.04. The company posted revenue of $85.97 million in the quarter, compared to analyst estimates of $82.40 million. Navigator had a net margin of 3.64% and a return on equity of 1.27%. In the same quarter of the previous year, the company had earned earnings per share of $0.03.
Separately, Zacks Investment Research upgraded Navigator’s shares from a “sell” to a “hold” rating in a Wednesday, Dec. 29 research report.
A number of hedge funds have recently bought and sold shares of NVGS. JPMorgan Chase & Co. increased its stake in Navigator by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 24,377 shares of the shipping company worth $267,000 after buying 3,201 additional shares during the period. Hollow Brook Wealth Management LLC acquired a new stake in Navigator in the second quarter worth approximately $110,000. Wellington Shields & Co. LLC increased its stake in Navigator by 105.7% in the second quarter. Wellington Shields & Co. LLC now owns 30,849 shares of the shipping company worth $338,000 after purchasing an additional 15,849 shares during the period. MYDA Advisors LLC acquired a new stake in Navigator in the second quarter worth approximately $349,000. Finally, Stifel Financial Corp increased its stake in Navigator by 10.6% in the second quarter. Stifel Financial Corp now owns 120,965 shares of the shipping company valued at $1,325,000 after acquiring 11,549 additional shares in the last quarter.
Navigator stock opened at $8.64 on Friday. The company has a 50-day simple moving average of $9.01 and a 200-day simple moving average of $8.94. The company has a market capitalization of $482.92 million, a P/E ratio of 39.27 and a beta of 2.25. The company has a debt ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.21. Navigator has a one-year low of $7.84 and a one-year high of $12.46.
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Navigator Holdings Ltd. owns and operates a fleet of conveniently sized liquefied gas carriers. It also provides international shipping and regional distribution services for liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders.
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