Zacks: Brokerages Anticipate Navigator Holdings Ltd. (NVGS) Will Announce Earnings of $0.03 Per Share
Equities research analysts expect Navigator Holdings Ltd. (NYSE:NVGS) to post earnings per share (EPS) of $0.03 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Navigator Holdings’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.05. Navigator Holdings reported earnings per share of $0.12 in the same quarter last year, which suggests a negative year over year growth rate of 75%. The firm is expected to announce its next earnings results on Monday, November 6th.
On average, analysts expect that Navigator Holdings will report full-year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.13 to $0.32. For the next year, analysts expect that the firm will post earnings of $0.43 per share, with EPS estimates ranging from ($0.01) to $1.07. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Navigator Holdings.
Navigator Holdings (NYSE:NVGS) last issued its quarterly earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $74.40 million during the quarter, compared to analyst estimates of $62.41 million. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. Navigator Holdings’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS.
A number of research analysts have recently commented on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Zacks Investment Research upgraded Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a report on Wednesday, July 12th. BidaskClub upgraded Navigator Holdings from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Maxim Group set a $17.00 price objective on Navigator Holdings and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley increased their price objective on Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $13.10.
Several hedge funds and other institutional investors have recently made changes to their positions in NVGS. Northern Trust Corp boosted its position in shares of Navigator Holdings by 518.5% in the 2nd quarter. Northern Trust Corp now owns 361,541 shares of the shipping company’s stock valued at $3,001,000 after purchasing an additional 303,090 shares during the period. Driehaus Capital Management LLC boosted its position in shares of Navigator Holdings by 474.3% in the 1st quarter. Driehaus Capital Management LLC now owns 312,085 shares of the shipping company’s stock valued at $4,291,000 after purchasing an additional 257,745 shares during the period. Wells Fargo & Company MN boosted its position in shares of Navigator Holdings by 581.1% in the 1st quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock valued at $4,085,000 after purchasing an additional 253,460 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of Navigator Holdings by 13.8% in the 1st quarter. Oppenheimer & Co. Inc. now owns 1,638,805 shares of the shipping company’s stock valued at $22,533,000 after purchasing an additional 198,418 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Navigator Holdings by 50.2% in the 2nd quarter. First Manhattan Co. now owns 529,000 shares of the shipping company’s stock valued at $4,390,000 after purchasing an additional 176,800 shares during the period. 67.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Navigator Holdings (NVGS) traded down 0.90% during midday trading on Friday, reaching $11.05. The company’s stock had a trading volume of 115,344 shares. The stock’s 50-day moving average price is $10.49 and its 200-day moving average price is $10.60. The company has a market cap of $613.62 million, a P/E ratio of 32.50 and a beta of 1.09. Navigator Holdings has a 12-month low of $6.65 and a 12-month 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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