Dorian LPG Ltd. (LPG) Expected to Announce Earnings of -$0.27 Per Share
Equities research analysts expect Dorian LPG Ltd. (NYSE:LPG) to announce earnings of ($0.27) per share for the current quarter, according to Zacks. Two analysts have issued estimates for Dorian LPG’s earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.26). Dorian LPG posted earnings per share of ($0.25) in the same quarter last year, which suggests a negative year over year growth rate of 8%. The company is scheduled to report its next earnings report on Friday, October 27th.
According to Zacks, analysts expect that Dorian LPG will report full year earnings of ($0.80) per share for the current year, with EPS estimates ranging from ($0.91) to ($0.74). For the next financial year, analysts expect that the company will report earnings of ($0.18) per share, with EPS estimates ranging from ($0.60) to $0.25. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Dorian LPG.
Dorian LPG (NYSE:LPG) last posted its earnings results on Monday, July 31st. The shipping company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). The business had revenue of $41.00 million for the quarter, compared to the consensus estimate of $37.65 million. Dorian LPG had a negative net margin of 4.33% and a negative return on equity of 4.16%. The company’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS.
A number of analysts recently weighed in on LPG shares. Pareto Securities upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Monday, June 12th. UBS AG set a $8.00 target price on shares of Dorian LPG and gave the stock a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Dorian LPG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 21st. ValuEngine upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, BidaskClub lowered shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.00.
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Dorian LPG (NYSE LPG) traded down 3.53% on Friday, reaching $7.66. 863,913 shares of the company’s stock were exchanged. The stock’s market cap is $414.22 million. Dorian LPG has a one year low of $5.32 and a one year high of $12.50. The firm has a 50 day moving average of $7.04 and a 200-day moving average of $8.47.
In other Dorian LPG news, insider John C. Hadjipateras sold 250,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $7.55, for a total value of $1,887,500.00. Following the transaction, the insider now directly owns 2,037,020 shares in the company, valued at $15,379,501. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. American International Group Inc. increased its stake in Dorian LPG by 7.1% in the first quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock valued at $157,000 after purchasing an additional 987 shares during the last quarter. Voya Investment Management LLC increased its stake in Dorian LPG by 21.3% in the second quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock valued at $129,000 after purchasing an additional 2,763 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Dorian LPG in the first quarter valued at approximately $173,000. Citadel Advisors LLC increased its stake in Dorian LPG by 32.8% in the first quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock valued at $179,000 after purchasing an additional 4,208 shares during the last quarter. Finally, Eagle Global Advisors LLC purchased a new position in Dorian LPG in the second quarter valued at approximately $165,000. Institutional investors own 45.63% of the company’s stock.
Dorian LPG Company Profile
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.
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