Analysts Expect Navigator Holdings Ltd. (NVGS) Will Announce Earnings of $0.08 Per Share
Analysts expect that Navigator Holdings Ltd. (NYSE:NVGS) will report earnings of $0.08 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Navigator Holdings’ earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at ($0.01). Navigator Holdings posted earnings of $0.12 per share in the same quarter last year, which indicates a negative year over year growth rate of 33.3%. The firm is expected to announce its next earnings report on Monday, November 6th.
On average, analysts expect that Navigator Holdings will report full year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from ($0.01) to $0.79. For the next year, analysts expect that the company will post earnings of $0.76 per share, with EPS estimates ranging from ($0.16) to $1.72. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Navigator Holdings.
Navigator Holdings (NYSE:NVGS) last posted its earnings results on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.20 EPS.
Several research analysts have recently commented on NVGS shares. Jefferies Group LLC reissued a “buy” rating and set a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Maxim Group set a $17.00 target price on Navigator Holdings and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research raised Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Wednesday, July 12th. BidaskClub raised Navigator Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Morgan Stanley upped their target price on Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $12.38.
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A number of hedge funds have recently modified their holdings of the company. First Manhattan Co. raised its stake in shares of 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 in the last quarter. Driehaus Capital Management LLC raised its stake in shares of Navigator Holdings by 474.3% in the first quarter. Driehaus Capital Management LLC now owns 312,085 shares of the shipping company’s stock valued at $4,291,000 after buying an additional 257,745 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Navigator Holdings by 581.1% in the first quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock valued at $4,085,000 after buying an additional 253,460 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Navigator Holdings during the first quarter valued at about $3,339,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of Navigator Holdings by 13.8% in the first quarter. Oppenheimer & Co. Inc. now owns 1,638,805 shares of the shipping company’s stock valued at $22,533,000 after buying an additional 198,418 shares in the last quarter. 68.68% of the stock is owned by institutional investors and hedge funds.
Navigator Holdings (NYSE:NVGS) traded down 4.33% on Thursday, hitting $9.95. 213,197 shares of the stock were exchanged. Navigator Holdings has a 52-week low of $6.47 and a 52-week high of $14.75. The company has a 50-day moving average price of $9.54 and a 200-day moving average price of $10.73. The firm has a market cap of $552.53 million, a PE ratio of 29.26 and a beta of 1.10.
About Navigator Holdings
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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