StealthGas, Inc. (GASS) to Release Earnings on Wednesday
StealthGas, Inc. (NASDAQ:GASS) will release its earnings data before the market opens on Wednesday, August 23rd. Analysts expect StealthGas to post earnings of $0.02 per share for the quarter.
StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Thursday, May 25th. The shipping company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.07. StealthGas had a negative net margin of 4.41% and a negative return on equity of 0.09%. The business had revenue of $38.06 million during the quarter, compared to analysts’ expectations of $33.30 million. On average, analysts expect StealthGas to post $0.16 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.
Shares of StealthGas, Inc. (GASS) opened at 2.99 on Tuesday. The stock has a 50 day moving average of $3.09 and a 200-day moving average of $3.50. StealthGas, Inc. has a 52 week low of $2.65 and a 52 week high of $4.78. The firm’s market capitalization is $119.01 million.
Separately, Zacks Investment Research lowered StealthGas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 25th.
An institutional investor recently raised its position in StealthGas stock. State Street Corp increased its stake in shares of StealthGas, Inc. (NASDAQ:GASS) by 16.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,521 shares of the shipping company’s stock after buying an additional 5,998 shares during the period. State Street Corp owned about 0.10% of StealthGas worth $135,000 as of its most recent SEC filing. Institutional investors and hedge funds own 62.66% of the company’s stock.
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StealthGas Company Profile
StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.
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