$63.04 Million in Sales Expected for Navigator Holdings Ltd. (NVGS) This Quarter
Equities analysts expect that Navigator Holdings Ltd. (NYSE:NVGS) will post sales of $63.04 million for the current quarter, according to Zacks. Three analysts have issued estimates for Navigator Holdings’ earnings, with the highest sales estimate coming in at $68.87 million and the lowest estimate coming in at $59.80 million. Navigator Holdings posted sales of $69.74 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.6%. The firm is scheduled to announce its next quarterly earnings report on Monday, November 6th.
On average, analysts expect that Navigator Holdings will report full year sales of $63.04 million for the current year, with estimates ranging from $232.50 million to $281.05 million. For the next year, analysts anticipate that the business will post sales of $272.81 million per share, with estimates ranging from $242.76 million to $296.28 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Navigator Holdings.
Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $74.40 million during the quarter, compared to analyst estimates of $62.41 million. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. Navigator Holdings’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS.
NVGS has been the topic of several recent research reports. 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 price objective on Navigator Holdings and gave the company 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 price objective on the stock 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 boosted their price objective on Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research note on Monday, July 17th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Navigator Holdings currently has an average rating of “Hold” and an average price target of $12.38.
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Several large investors have recently bought and sold shares of NVGS. JPMorgan Chase & Co. purchased a new position in Navigator Holdings during the first quarter valued at $109,000. Bronfman E.L. Rothschild L.P. boosted its position in Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock worth $156,000 after buying an additional 1,460 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Navigator Holdings by 3.9% in the second quarter. Parametric Portfolio Associates LLC now owns 12,111 shares of the shipping company’s stock worth $101,000 after buying an additional 455 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in Navigator Holdings during the fourth quarter worth approximately $128,000. Finally, Peapack Gladstone Financial Corp purchased a new position in Navigator Holdings during the first quarter worth approximately $230,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.
Shares of Navigator Holdings (NVGS) opened at 10.40 on Friday. The company has a 50-day moving average price of $9.62 and a 200 day moving average price of $10.72. The firm has a market cap of $577.52 million, a price-to-earnings 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.
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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