Analysts Anticipate Dorian LPG Ltd. (LPG) Will Announce Quarterly Sales of $32.05 Million
Brokerages expect Dorian LPG Ltd. (NYSE:LPG) to announce $32.05 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Dorian LPG’s earnings, with estimates ranging from $31.40 million to $32.69 million. Dorian LPG reported sales of $33.61 million in the same quarter last year, which indicates a negative year over year growth rate of 4.6%. The company is scheduled to announce its next quarterly earnings report on Friday, October 27th.
On average, analysts expect that Dorian LPG will report full-year sales of $32.05 million for the current fiscal year, with estimates ranging from $141.96 million to $149.00 million. For the next financial year, analysts anticipate that the firm will post sales of $205.40 million per share. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Dorian LPG.
Dorian LPG (NYSE:LPG) last announced its earnings results on Monday, July 31st. The shipping company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). Dorian LPG had a negative return on equity of 4.16% and a negative net margin of 4.33%. The company had revenue of $41.00 million for the quarter, compared to analyst estimates of $37.65 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was down 17.6% compared to the same quarter last year.
A number of brokerages recently issued reports on LPG. Zacks Investment Research upgraded Dorian LPG from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 21st. UBS AG set a $8.00 price target on Dorian LPG and gave the company a “buy” rating in a report on Saturday, June 17th. BidaskClub downgraded Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine upgraded Dorian LPG from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, Pareto Securities upgraded Dorian LPG from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $10.00.
Shares of Dorian LPG (LPG) opened at 7.66 on Friday. The company’s 50 day moving average price is $7.04 and its 200 day moving average price is $8.47. The company’s market cap is $414.22 million. Dorian LPG has a 12 month low of $5.32 and a 12 month high of $12.50.
In other Dorian LPG news, insider John C. Hadjipateras sold 250,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $7.55, for a total transaction of $1,887,500.00. Following the transaction, the insider now owns 2,037,020 shares in the company, valued at approximately $15,379,501. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of LPG. Voya Investment Management LLC grew its holdings in shares of Dorian LPG by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after acquiring an additional 2,763 shares during the period. American International Group Inc. grew its holdings in shares of Dorian LPG by 7.1% during the 1st quarter. American International Group Inc. now owns 14,921 shares of the shipping company’s stock worth $157,000 after acquiring an additional 987 shares during the period. Eagle Global Advisors LLC purchased a new position in shares of Dorian LPG during the 2nd quarter worth approximately $165,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Dorian LPG during the 1st quarter worth approximately $173,000. Finally, Citadel Advisors LLC grew its holdings in shares of Dorian LPG by 32.8% during the 1st quarter. Citadel Advisors LLC now owns 17,041 shares of the shipping company’s stock worth $179,000 after acquiring an additional 4,208 shares during the period. Hedge funds and other institutional investors own 45.63% of the company’s stock.
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About Dorian LPG
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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