Navigator Holdings Ltd. (NVGS) Posts Earnings Results, Misses Expectations By $0.04 EPS
Navigator Holdings Ltd. (NYSE:NVGS) issued its quarterly earnings data on Wednesday. The shipping company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.04), Bloomberg Earnings reports. Navigator Holdings had a return on equity of 2.28% and a net margin of 6.44%. The business had revenue of $70.21 million during the quarter, compared to the consensus estimate of $59.65 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. Navigator Holdings’s quarterly revenue was up .7% compared to the same quarter last year.
Navigator Holdings (NYSE:NVGS) remained flat at $$10.10 during trading on Thursday. The company’s stock had a trading volume of 66,908 shares, compared to its average volume of 168,116. The company has a quick ratio of 0.92, a current ratio of 1.00 and a debt-to-equity ratio of 0.76. Navigator Holdings has a 52 week low of $7.00 and a 52 week high of $14.75. The firm has a market capitalization of $560.87, a P/E ratio of 25.25, a P/E/G ratio of 4.36 and a beta of 1.05.
NVGS has been the topic of several research reports. Zacks Investment Research upgraded Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Wednesday, July 12th. Morgan Stanley lifted their price target on Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a research report on Monday, July 17th. Stifel Nicolaus restated 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 restated a “buy” rating and set a $15.00 price target (down from $18.00) on shares of Navigator Holdings in a research report on Saturday, July 22nd. Finally, BidaskClub upgraded Navigator Holdings from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.10.
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About Navigator Holdings
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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