Wall Street analysts expect Navigator Holdings Ltd. (NYSE:NVGS) to post $63.04 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navigator Holdings’ earnings. The highest sales estimate is $68.87 million and the lowest is $59.80 million. Navigator Holdings posted sales of $69.74 million during the same quarter last year, which suggests a negative year over year growth rate of 9.6%. The company is expected to announce its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Navigator Holdings will report full year sales of $63.04 million for the current financial year, with estimates ranging from $232.50 million to $281.05 million. For the next financial year, analysts forecast that the firm will report sales of $272.81 million per share, with estimates ranging from $242.76 million to $296.28 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Navigator Holdings.

Navigator Holdings (NYSE:NVGS) last issued its earnings results on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. Navigator Holdings’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 earnings per share.

NVGS has been the subject of a number of research reports. Jefferies Group LLC restated a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Zacks Investment Research downgraded shares of Navigator Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, July 15th. BidaskClub downgraded shares of Navigator Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Maxim Group set a $17.00 price objective on shares of Navigator Holdings and gave the stock a “buy” rating in a research report on Thursday, May 4th. Finally, Morgan Stanley boosted their price objective on shares of Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Navigator Holdings currently has an average rating of “Hold” and a consensus price target of $12.38.

Navigator Holdings (NVGS) opened at 10.40 on Friday. The firm has a 50-day moving average of $9.62 and a 200-day moving average of $10.72. The company has a market capitalization of $577.52 million, a P/E ratio of 30.59 and a beta of 1.10. Navigator Holdings has a 52 week low of $6.47 and a 52 week high of $14.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVGS. Highbridge Capital Management LLC bought a new position in shares of Navigator Holdings during the fourth quarter valued at $128,000. Creative Planning acquired a new position in Navigator Holdings during the first quarter valued at approximately $363,000. Loeb Partners Corp acquired a new position in Navigator Holdings during the first quarter valued at approximately $2,076,000. First Manhattan Co. raised its position in Navigator Holdings by 235.7% in the first quarter. First Manhattan Co. now owns 1,125,892 shares of the shipping company’s stock valued at $8,095,000 after buying an additional 790,517 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Navigator Holdings during the first quarter valued at approximately $3,339,000. Institutional investors own 68.68% of the company’s stock.

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Navigator Holdings Company Profile

Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.

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