Wall Street analysts expect that Dorian LPG Ltd (NYSE:LPG) will report earnings per share of ($0.22) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Dorian LPG’s earnings. The highest EPS estimate is ($0.20) and the lowest is ($0.23). Dorian LPG posted earnings of ($0.16) per share in the same quarter last year, which suggests a negative year over year growth rate of 37.5%. The business is expected to issue its next earnings results on Monday, July 30th.
According to Zacks, analysts expect that Dorian LPG will report full-year earnings of ($0.63) per share for the current financial year, with EPS estimates ranging from ($0.91) to ($0.40). For the next financial year, analysts forecast that the business will post earnings of ($0.45) per share, with EPS estimates ranging from ($0.53) to ($0.35). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Dorian LPG.
Dorian LPG (NYSE:LPG) last posted its earnings results on Friday, June 15th. The shipping company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The company had revenue of $39.04 million for the quarter, compared to analyst estimates of $40.37 million. Dorian LPG had a negative return on equity of 3.42% and a negative net margin of 12.80%. During the same quarter in the prior year, the business posted $0.04 EPS.
A number of analysts have recently issued reports on LPG shares. Zacks Investment Research cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a research note on Wednesday, May 9th. ValuEngine cut shares of Dorian LPG from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.50.
In related news, CEO John Lycouris sold 6,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $8.00, for a total transaction of $48,000.00. Following the transaction, the chief executive officer now directly owns 216,065 shares of the company’s stock, valued at $1,728,520. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 26.50% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in LPG. Element Capital Management LLC bought a new position in Dorian LPG during the first quarter worth about $105,000. Barclays PLC increased its position in Dorian LPG by 127.0% during the first quarter. Barclays PLC now owns 17,837 shares of the shipping company’s stock worth $134,000 after acquiring an additional 9,980 shares during the period. Virtu Financial LLC bought a new position in Dorian LPG during the fourth quarter worth about $163,000. The Manufacturers Life Insurance Company increased its position in Dorian LPG by 1,041.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 20,004 shares of the shipping company’s stock worth $164,000 after acquiring an additional 18,252 shares during the period. Finally, Teachers Advisors LLC increased its position in Dorian LPG by 18.3% during the fourth quarter. Teachers Advisors LLC now owns 42,770 shares of the shipping company’s stock worth $352,000 after acquiring an additional 6,609 shares during the period. 56.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of Dorian LPG traded down $0.26, reaching $7.70, during mid-day trading on Wednesday, according to MarketBeat.com. 180,804 shares of the company were exchanged, compared to its average volume of 301,582. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.62 and a current ratio of 1.65. The stock has a market cap of $453.43 million, a PE ratio of -12.42 and a beta of 1.01. Dorian LPG has a twelve month low of $6.20 and a twelve month high of $8.79.
Dorian LPG Company Profile
Dorian LPG Ltd. operates as a liquefied petroleum gas (LPG) shipping company worldwide. The company engages in the transportation of LPG. It primarily serves energy companies and commodity traders through its fleet of 22 very large gas carriers with an aggregate carrying capacity of approximately 1.8 million cubic meters.
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