Navigator Holdings Ltd. (NYSE:NVGS) announced its earnings results on Monday. The shipping company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.02, Briefing.com reports. Navigator Holdings had a return on equity of 3.23% and a net margin of 9.48%. The firm had revenue of $74.40 million for the quarter, compared to the consensus estimate of $62.41 million. During the same period in the prior year, the business earned $0.20 EPS. Navigator Holdings’s quarterly revenue was up 2.6% on a year-over-year basis.

Navigator Holdings (NYSE NVGS) traded up 5.67% during midday trading on Monday, reaching $10.25. 205,047 shares of the company’s stock traded hands. The company’s 50-day moving average price is $8.98 and its 200-day moving average price is $10.78. Navigator Holdings has a 52-week low of $6.47 and a 52-week high of $14.75. The stock has a market cap of $569.19 million, a P/E ratio of 20.50 and a beta of 1.10.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position 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 during the last quarter. First Manhattan Co. raised its position 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 during the last quarter. Emancipation Management LLC raised its position in shares of Navigator Holdings by 1.7% in the first quarter. Emancipation Management LLC now owns 767,758 shares of the shipping company’s stock valued at $10,557,000 after buying an additional 12,524 shares during the last quarter. Driehaus Capital Management LLC raised its position 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 during the last quarter. Finally, Wells Fargo & Company MN raised its position 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 during the last quarter. Institutional investors own 68.68% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/08/07/navigator-holdings-ltd-nvgs-releases-quarterly-earnings-results-misses-estimates-by-0-03-eps.html.

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.

Earnings History for Navigator Holdings (NYSE:NVGS)

Receive News & Ratings for Navigator Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Navigator Holdings Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.