Analysts Expect StealthGas Inc. (NASDAQ:GASS) to Announce $0.03 Earnings Per Share
Equities research analysts expect StealthGas Inc. (NASDAQ:GASS) to announce $0.03 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for StealthGas’ earnings. StealthGas reported earnings of ($0.04) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 175%. The company is expected to report its next quarterly earnings report on Thursday, February 20th.
On average, analysts expect that StealthGas will report full year earnings of $0.08 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $0.23 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for StealthGas.
StealthGas (NASDAQ:GASS) last released its quarterly earnings results on Thursday, November 21st. The shipping company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. StealthGas had a negative net margin of 2.54% and a positive return on equity of 0.14%. The business had revenue of $31.64 million for the quarter, compared to analyst estimates of $35.14 million.
Shares of StealthGas stock opened at $3.55 on Friday. The business has a 50 day moving average price of $3.40 and a 200 day moving average price of $3.37. The company has a market capitalization of $142.44 million, a P/E ratio of 118.33 and a beta of 1.54. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.18 and a quick ratio of 1.15. StealthGas has a 1 year low of $2.73 and a 1 year high of $4.18.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of StealthGas during the 3rd quarter worth $33,000. Envestnet Asset Management Inc. acquired a new stake in shares of StealthGas during the second quarter worth $34,000. State Street Corp boosted its holdings in shares of StealthGas by 10.4% during the third quarter. State Street Corp now owns 75,726 shares of the shipping company’s stock worth $229,000 after purchasing an additional 7,133 shares during the last quarter. California Public Employees Retirement System grew its position in shares of StealthGas by 5.8% in the third quarter. California Public Employees Retirement System now owns 538,400 shares of the shipping company’s stock valued at $1,631,000 after purchasing an additional 29,500 shares during the period. Finally, Towerview LLC grew its position in shares of StealthGas by 4.2% in the third quarter. Towerview LLC now owns 604,149 shares of the shipping company’s stock valued at $1,831,000 after purchasing an additional 24,149 shares during the period. Institutional investors own 58.29% of the company’s stock.
StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.
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