Navigator Holdings Ltd. (NYSE: NVGS) Expected to Post Fiscal 2022 Earnings of $1.15 Per Share

Navigator Holdings Ltd. (NYSE: NVGS- Get a rating) – Stock analysts at Jefferies Financial Group lowered their fiscal year 2022 earnings estimates for Navigator in a report released Wednesday, April 27. Jefferies Financial Group analyst R. Giveans now expects the shipping company to earn $1.15 per share for the year, down from his previous forecast of $1.16. Jefferies Financial Group currently has a “Buy” rating on the stock. Browser (NYSE: NVGS – Get a rating) last released its quarterly earnings data on Thursday, March 10. The shipping company reported earnings per share of $0.21 for the quarter, missing consensus analyst estimates of $0.25 per ($0.04). The company posted revenue of $107.52 million in the quarter, compared to $96.47 million expected by analysts. Navigator had a negative net margin of 9.20% and a positive return on equity of 2.65%.

NVGS has been the subject of several other reports. StockNews.com began covering Navigator shares in a research report on Thursday, March 31. They set a “buy” rating on the stock. Zacks Investment Research downgraded Navigator shares from a “hold” rating to a “strong sell” rating in a Wednesday, March 30 research report.

NYSE NVGS shares opened at $13.02 on Monday. The company has a market capitalization of $727.74 million, a P/E ratio of -28.93 and a beta of 2.15. Navigator has a one-year low of $7.84 and a one-year high of $14.21. The company’s fifty-day moving average is $11.85 and its two-hundred-day moving average is $9.99. The company has a debt ratio of 0.69, a quick ratio of 0.97 and a current ratio of 1.03.

A number of hedge funds have recently changed their positions in the stock. Zweig DiMenna Associates LLC acquired a new position in Navigator in Q1 worth approximately $2,015,000. Roubaix Capital LLC acquired a new stake in Navigator in Q1 valued at approximately $2,715,000. American Trust bought a new stake in Navigator in Q4, valued at around $149,000. Virtu Financial LLC purchased a new stake in Navigator in Q4 worth approximately $165,000. Finally, Stifel Financial Corp increased its stake in Navigator by 0.9% in the 4th quarter. Stifel Financial Corp now owns 121,880 shares of the shipping company valued at $1,081,000 after buying an additional 1,051 shares during the period. 33.26% of the shares are held by hedge funds and other institutional investors.

About the browser (Get a rating)

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional shipping services of liquefied petroleum gas, petrochemical gases and ammonia for energy companies, industrial users and commodity traders. As of December 31, 2020, it operates a fleet of 38 semi or fully refrigerated liquefied gas carriers.

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