Zacks: Brokerages Expect Navigator Holdings Ltd (NYSE:NVGS) Will Post Earnings of -$0.01 Per Share

Equities research analysts expect Navigator Holdings Ltd (NYSE:NVGS) to announce earnings of ($0.01) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Navigator’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at $0.04. Navigator posted earnings per share of ($0.06) in the same quarter last year, which suggests a positive year over year growth rate of 83.3%. The company is scheduled to report its next earnings report on Monday, August 5th.

According to Zacks, analysts expect that Navigator will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from ($0.03) to $0.28. For the next financial year, analysts expect that the company will report earnings of $1.20 per share, with EPS estimates ranging from $0.80 to $1.91. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Navigator.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Monday, May 13th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.10). Navigator had a negative return on equity of 0.72% and a negative net margin of 3.14%. The business had revenue of $76.10 million for the quarter, compared to analysts’ expectations of $67.73 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Navigator’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Several equities research analysts have issued reports on NVGS shares. Zacks Investment Research downgraded Navigator from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine upgraded Navigator from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Maxim Group restated a “buy” rating and set a $16.00 price objective on shares of Navigator in a report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Navigator currently has an average rating of “Hold” and a consensus target price of $14.33.

Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG grew its position in shares of Navigator by 44.6% in the 4th quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after acquiring an additional 2,286 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in Navigator during the 1st quarter valued at approximately $126,000. Osborn Williams & Donohoe LLC acquired a new position in Navigator during the 1st quarter valued at approximately $132,000. GSA Capital Partners LLP acquired a new position in Navigator during the 4th quarter valued at approximately $184,000. Finally, Acadian Asset Management LLC acquired a new position in Navigator during the 1st quarter valued at approximately $285,000. Institutional investors own 68.98% of the company’s stock.

NVGS stock traded up $0.31 during midday trading on Monday, hitting $9.63. 11,493 shares of the company’s stock were exchanged, compared to its average volume of 110,640. The company has a quick ratio of 0.96, a current ratio of 1.07 and a debt-to-equity ratio of 0.83. Navigator has a 12-month low of $8.70 and a 12-month high of $13.55. The business has a 50 day moving average of $10.40. The firm has a market capitalization of $518.73 million, a PE ratio of -192.60 and a beta of 1.20.

Navigator Company Profile

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.

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