Brokerages predict that Navigator Holdings Ltd (NYSE:NVGS) will announce earnings of ($0.08) per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Navigator’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.12). Navigator posted earnings per share of $0.01 in the same quarter last year, which suggests a negative year over year growth rate of 900%. The business is expected to announce its next quarterly earnings results on Monday, November 11th.

On average, analysts expect that Navigator will report full-year earnings of ($0.18) per share for the current financial year, with EPS estimates ranging from ($0.30) to ($0.06). For the next fiscal year, analysts anticipate that the company will post earnings of $1.24 per share, with EPS estimates ranging from $0.78 to $1.69. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Navigator.

Navigator (NYSE:NVGS) last released its quarterly earnings results on Thursday, August 8th. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.08). Navigator had a negative net margin of 4.62% and a negative return on equity of 1.20%. The firm had revenue of $73.59 million for the quarter, compared to the consensus estimate of $61.66 million. During the same quarter last year, the company earned ($0.06) earnings per share. The firm’s revenue was up .6% on a year-over-year basis.

Several equities research analysts recently weighed in on the stock. Evercore ISI set a $15.00 target price on shares of Navigator and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine upgraded shares of Navigator from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Wells Fargo & Co upgraded shares of Navigator from a “market perform” rating to an “outperform” rating and increased their target price for the company from $13.50 to $15.00 in a research note on Thursday, July 25th. TheStreet cut shares of Navigator from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut shares of Navigator from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Navigator currently has a consensus rating of “Buy” and an average price target of $14.60.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its stake in shares of Navigator by 1.1% in the second quarter. Morgan Stanley now owns 141,443 shares of the shipping company’s stock valued at $1,325,000 after buying an additional 1,594 shares during the period. HighTower Advisors LLC raised its position in Navigator by 0.9% in the second quarter. HighTower Advisors LLC now owns 201,811 shares of the shipping company’s stock worth $1,894,000 after purchasing an additional 1,876 shares in the last quarter. Deutsche Bank AG raised its position in Navigator by 44.6% in the fourth quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after purchasing an additional 2,286 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in Navigator by 5.8% in the second quarter. Parametric Portfolio Associates LLC now owns 44,152 shares of the shipping company’s stock worth $413,000 after purchasing an additional 2,425 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new position in Navigator in the second quarter worth about $32,000. Institutional investors and hedge funds own 68.39% of the company’s stock.

Shares of NYSE NVGS traded up $0.24 during mid-day trading on Monday, hitting $10.05. The company had a trading volume of 165,900 shares, compared to its average volume of 104,253. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.89. The business’s 50-day simple moving average is $9.68 and its 200-day simple moving average is $10.28. Navigator has a 12 month low of $8.70 and a 12 month high of $12.73. The firm has a market cap of $543.25 million, a P/E ratio of -201.00 and a beta of 1.06.

About Navigator

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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