Zacks: Brokerages Anticipate Dorian LPG Ltd (NYSE:LPG) Will Post Quarterly Sales of $50.96 Million
Equities analysts expect that Dorian LPG Ltd (NYSE:LPG) will post $50.96 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Dorian LPG’s earnings. The highest sales estimate is $59.32 million and the lowest is $42.60 million. Dorian LPG reported sales of $27.64 million during the same quarter last year, which indicates a positive year-over-year growth rate of 84.4%. The firm is scheduled to issue its next earnings report on Thursday, August 8th.
On average, analysts expect that Dorian LPG will report full-year sales of $187.54 million for the current financial year, with estimates ranging from $178.30 million to $196.78 million. For the next fiscal year, analysts expect that the firm will report sales of $212.56 million, with estimates ranging from $183.30 million to $241.81 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Dorian LPG.
Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Thursday, May 23rd. The shipping company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). The business had revenue of $34.47 million during the quarter, compared to the consensus estimate of $37.43 million. Dorian LPG had a negative net margin of 32.24% and a negative return on equity of 4.65%.
Shares of NYSE LPG opened at $8.30 on Thursday. Dorian LPG has a 1 year low of $5.26 and a 1 year high of $8.80. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.01.
In other news, Director Christina Tan bought 5,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was acquired at an average price of $5.85 per share, with a total value of $29,250.00. Following the transaction, the director now owns 72,729 shares of the company’s stock, valued at approximately $425,464.65. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider John C. Hadjipateras bought 7,500 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were purchased at an average cost of $7.73 per share, with a total value of $57,975.00. Following the transaction, the insider now directly owns 141,994 shares in the company, valued at approximately $1,097,613.62. The disclosure for this purchase can be found here. Insiders have acquired a total of 32,500 shares of company stock valued at $215,825 in the last three months. Insiders own 26.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Dorian LPG by 13.9% during the 1st quarter. Renaissance Technologies LLC now owns 38,737 shares of the shipping company’s stock valued at $249,000 after purchasing an additional 4,715 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Dorian LPG during the 1st quarter valued at approximately $79,000. Commonwealth Equity Services LLC acquired a new stake in Dorian LPG during the 1st quarter valued at approximately $102,000. Private Management Group Inc. increased its position in Dorian LPG by 11.5% during the 1st quarter. Private Management Group Inc. now owns 620,176 shares of the shipping company’s stock valued at $3,982,000 after purchasing an additional 63,994 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Dorian LPG during the 1st quarter valued at approximately $95,000. 54.29% of the stock is owned by institutional investors and hedge funds.
Dorian LPG Company Profile
Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.
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