Wall Street analysts predict that Navigator Holdings Ltd. (NYSE:NVGS) will announce sales of $62.13 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Navigator Holdings’ earnings, with the lowest sales estimate coming in at $57.71 million and the highest estimate coming in at $68.87 million. Navigator Holdings posted sales of $69.74 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.9%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, November 8th.

On average, analysts expect that Navigator Holdings will report full year sales of $62.13 million for the current fiscal year, with estimates ranging from $235.03 million to $281.05 million. For the next financial year, analysts expect that the firm will report sales of $270.18 million per share, with estimates ranging from $235.53 million to $296.28 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Navigator Holdings.

Navigator Holdings (NYSE:NVGS) last announced its earnings results on Monday, August 7th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $74.40 million for the quarter, compared to analysts’ expectations of $62.41 million. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 earnings per share.

Several research firms recently issued reports on NVGS. Zacks Investment Research lowered Navigator Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Stifel Nicolaus reissued a “buy” rating and set a $16.00 price target on shares of Navigator Holdings in a research report on Thursday, August 31st. Jefferies Group LLC reissued a “buy” rating and set a $15.00 price target on shares of Navigator Holdings in a research report on Tuesday, August 29th. BidaskClub raised Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Maxim Group set a $17.00 price target on Navigator Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. Navigator Holdings currently has a consensus rating of “Hold” and an average price target of $13.10.

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Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in Navigator Holdings during the 1st quarter worth $109,000. Parametric Portfolio Associates LLC grew its stake in Navigator Holdings by 3.9% during the 2nd 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 during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Navigator Holdings by 13.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 12,865 shares of the shipping company’s stock worth $107,000 after buying an additional 1,510 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Navigator Holdings during the 2nd quarter worth $115,000. Finally, HighTower Advisors LLC bought a new position in Navigator Holdings during the 1st quarter worth $295,000. Hedge funds and other institutional investors own 66.90% of the company’s stock.

Navigator Holdings (NVGS) opened at 10.75 on Thursday. The stock’s 50 day moving average is $11.12 and its 200-day moving average is $10.14. The stock has a market capitalization of $596.96 million, a price-to-earnings ratio of 31.62 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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