Dorian LPG (LPG) Projected to Post Quarterly Earnings on Thursday

Dorian LPG (NYSE:LPG) is anticipated to announce its results before the market opens on Thursday, February 5th. Analysts expect the company to announce earnings of $1.25 per share and revenue of $115.4140 million for the quarter.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Wednesday, November 5th. The shipping company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.09). The business had revenue of $124.06 million for the quarter, compared to the consensus estimate of $126.99 million. Dorian LPG had a net margin of 26.02% and a return on equity of 9.13%. Dorian LPG’s revenue was up 50.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. On average, analysts expect Dorian LPG to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Dorian LPG Stock Down 0.9%

Shares of LPG traded down $0.28 during trading hours on Friday, hitting $29.46. 671,502 shares of the company were exchanged, compared to its average volume of 526,852. The firm’s 50 day moving average is $25.89 and its 200-day moving average is $28.11. Dorian LPG has a 52 week low of $16.66 and a 52 week high of $32.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.30 and a current ratio of 3.32. The company has a market cap of $1.26 billion, a PE ratio of 13.21 and a beta of 0.59.

Dorian LPG Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 8.8%. This is a boost from Dorian LPG’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, November 17th. Dorian LPG’s dividend payout ratio is presently 44.84%.

Insider Activity

In other Dorian LPG news, insider Tim Truels Hansen sold 25,000 shares of the stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $28.85, for a total value of $721,250.00. Following the sale, the insider directly owned 212,842 shares in the company, valued at approximately $6,140,491.70. This trade represents a 10.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John C. Hadjipateras acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 7th. The stock was bought at an average cost of $27.30 per share, for a total transaction of $409,500.00. Following the completion of the transaction, the chief executive officer directly owned 153,500 shares in the company, valued at $4,190,550. This represents a 10.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 13.60% of the company’s stock.

Hedge Funds Weigh In On Dorian LPG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPG. The Manufacturers Life Insurance Company boosted its position in Dorian LPG by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,286 shares of the shipping company’s stock valued at $324,000 after buying an additional 390 shares during the period. Vident Advisory LLC raised its stake in shares of Dorian LPG by 2.8% in the third quarter. Vident Advisory LLC now owns 20,918 shares of the shipping company’s stock valued at $623,000 after acquiring an additional 577 shares in the last quarter. Amundi boosted its holdings in Dorian LPG by 7.6% in the third quarter. Amundi now owns 8,655 shares of the shipping company’s stock valued at $245,000 after purchasing an additional 614 shares during the period. Swiss National Bank grew its stake in Dorian LPG by 1.2% during the 3rd quarter. Swiss National Bank now owns 78,585 shares of the shipping company’s stock worth $2,342,000 after purchasing an additional 900 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Dorian LPG by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company’s stock worth $483,000 after purchasing an additional 914 shares during the period. 62.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Pareto Securities cut Dorian LPG from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen raised Dorian LPG from a “hold” rating to a “buy” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dorian LPG in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.00.

Dorian LPG Company Profile

Dorian LPG Ltd., incorporated in Bermuda and headquartered in Greenwich, Connecticut, is a leading owner and operator of modern very large gas carriers (VLGCs). The company specializes in the maritime transportation of liquefied petroleum gas (LPG), primarily propane and butane, for energy producers, commodity traders and trading houses around the world.

Dorian LPG’s fleet comprises over 30 state-of-the-art VLGCs, each designed for fuel efficiency and environmental performance. These vessels operate under medium- and long-term time charter agreements, providing predictable employment and supporting a stable charter revenue profile through contracts with major international energy companies.

The company serves global energy markets by transporting LPG cargoes along major trade routes linking production centers in the Middle East, U.S.