Equities analysts predict that Navigator Holdings Ltd. (NYSE:NVGS) will report $62.27 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Navigator Holdings’ earnings. The highest sales estimate is $64.45 million and the lowest is $60.03 million. Navigator Holdings reported sales of $72.54 million during the same quarter last year, which would suggest a negative year over year growth rate of 14.2%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, August 7th.
On average, analysts expect that Navigator Holdings will report full year sales of $62.27 million for the current fiscal year, with estimates ranging from $232.50 million to $281.05 million. For the next fiscal year, analysts anticipate that the firm will post sales of $287.68 million per share, with estimates ranging from $242.76 million to $332.59 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Navigator Holdings.
Navigator Holdings (NYSE:NVGS) last issued its quarterly earnings results on Monday, May 8th. The shipping company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $63.83 million. Navigator Holdings had a return on equity of 3.23% and a net margin of 9.48%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 earnings per share.
A number of equities research analysts have weighed in on NVGS shares. Maxim Group set a $17.00 target price on Navigator Holdings and gave the company a “buy” rating in a research report on Thursday, May 4th. Zacks Investment Research raised Navigator Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, April 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $15.00 target price (down from $18.00) on shares of Navigator Holdings in a research report on Saturday. BidaskClub raised Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Morgan Stanley lifted their target price on Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.38.
Shares of Navigator Holdings (NYSE:NVGS) opened at 10.45 on Friday. The stock has a market capitalization of $580.30 million, a PE ratio of 20.90 and a beta of 1.01. Navigator Holdings has a 52 week low of $6.47 and a 52 week high of $14.75. The company has a 50-day moving average price of $8.26 and a 200 day moving average price of $10.75.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. bought a new position in shares of Navigator Holdings during the first quarter worth about $411,000. Gabelli Funds LLC increased its position in shares of Navigator Holdings by 4.3% in the first quarter. Gabelli Funds LLC now owns 146,000 shares of the shipping company’s stock worth $2,008,000 after buying an additional 6,000 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Navigator Holdings by 6.8% in the first quarter. Gamco Investors INC. ET AL now owns 180,500 shares of the shipping company’s stock worth $2,482,000 after buying an additional 11,456 shares in the last quarter. Teton Advisors Inc. increased its position in shares of Navigator Holdings by 11.9% in the first quarter. Teton Advisors Inc. now owns 150,000 shares of the shipping company’s stock valued at $2,063,000 after buying an additional 16,000 shares during the period. Finally, HPM Partners LLC acquired a new position in shares of Navigator Holdings during the first quarter valued at $275,000. Institutional investors and hedge funds own 68.46% of the company’s stock.
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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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