Navigator Holdings Ltd. Plans Quarterly Dividend of $0.07 (NYSE:NVGS)

Navigator Holdings Ltd. (NYSE:NVGS) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.07 per share by the shipping company on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, August 19th.

Navigator has a dividend payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Navigator to earn $2.27 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.3%.

Navigator Stock Performance

Shares of NYSE NVGS opened at $21.39 on Wednesday. Navigator has a 12-month low of $14.08 and a 12-month high of $24.36. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.46. The company has a current ratio of 1.16, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $21.32 and a 200 day moving average of $20.58.

Navigator (NYSE:NVGS) last released its quarterly earnings results on Tuesday, August 4th. The shipping company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.32. The business had revenue of $167.94 million for the quarter, compared to the consensus estimate of $139.46 million. Navigator had a net margin of 18.84% and a return on equity of 7.01%. On average, research analysts anticipate that Navigator will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on NVGS shares. Weiss Ratings lowered Navigator from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 20th. Zacks Research raised Navigator from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Finally, Citigroup lifted their target price on Navigator from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $23.33.

Navigator Company Profile

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).