Dorian LPG Ltd. (LPG) Scheduled to Post Quarterly Earnings on Thursday
Dorian LPG Ltd. (NYSE:LPG) is set to issue its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.
Dorian LPG (NYSE:LPG) last issued its earnings results on Monday, July 31st. The shipping company reported ($0.16) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The firm had revenue of $41.00 million for the quarter, compared to the consensus estimate of $37.65 million. Dorian LPG had a negative return on equity of 4.16% and a negative net margin of 4.33%. The company’s revenue was down 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. On average, analysts expect Dorian LPG to post $-0.51 EPS for the current fiscal year and $0.46 EPS for the next fiscal year.
Shares of Dorian LPG Ltd. (NYSE LPG) opened at 7.80 on Thursday. The firm’s market cap is $421.79 million. Dorian LPG Ltd. has a one year low of $5.63 and a one year high of $12.50. The firm has a 50 day moving average price of $7.42 and a 200-day moving average price of $7.96.
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LPG has been the topic of several research analyst reports. Zacks Investment Research cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine raised shares of Dorian LPG from a “sell” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, BidaskClub cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Dorian LPG currently has a consensus rating of “Hold” and an average target price of $9.00.
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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