Navigator Holdings Ltd. (NYSE:NVGS) Expected to Announce Earnings of $0.06 Per Share

Analysts predict that Navigator Holdings Ltd. (NYSE:NVGS) will post earnings per share (EPS) of $0.06 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Navigator Holdings’ earnings, with estimates ranging from ($0.01) to $0.22. Navigator Holdings reported earnings of $0.12 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The business is expected to report its next quarterly earnings report on Monday, November 6th.

On average, analysts expect that Navigator Holdings will report full year earnings of $0.33 per share for the current fiscal year, with EPS estimates ranging from ($0.01) to $0.79. For the next fiscal year, analysts anticipate that the business will report earnings of $0.63 per share, with EPS estimates ranging from ($0.16) to $1.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Navigator Holdings.

Navigator Holdings (NYSE:NVGS) last announced its quarterly earnings data on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The business had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS.

Several equities research analysts recently issued reports on NVGS shares. Jefferies Group LLC reiterated a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a report on Saturday, July 22nd. Zacks Investment Research downgraded Navigator Holdings from a “buy” rating to a “hold” rating in a report on Saturday, July 15th. BidaskClub downgraded Navigator Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Maxim Group set a $17.00 price objective on Navigator Holdings and gave the company a “buy” rating in a report on Thursday, May 4th. Finally, Morgan Stanley boosted their price objective on Navigator Holdings from $7.50 to $8.00 and gave the company an “underweight” rating in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.38.

Shares of Navigator Holdings (NVGS) traded up 4.52% during trading on Thursday, reaching $10.40. The company’s stock had a trading volume of 162,306 shares. The company has a market capitalization of $577.52 million, a PE ratio of 30.59 and a beta of 1.10. Navigator Holdings has a 1-year low of $6.47 and a 1-year high of $14.75. The stock has a 50 day moving average of $9.62 and a 200-day moving average of $10.72.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NVGS. First Manhattan Co. boosted its position in Navigator Holdings by 235.7% in the first quarter. First Manhattan Co. now owns 1,125,892 shares of the shipping company’s stock valued at $8,095,000 after buying an additional 790,517 shares during the last quarter. Northern Trust Corp boosted its position in Navigator Holdings by 518.5% in the second quarter. Northern Trust Corp now owns 361,541 shares of the shipping company’s stock valued at $3,001,000 after buying an additional 303,090 shares during the last quarter. Driehaus Capital Management LLC boosted its position in Navigator Holdings by 474.3% in the first quarter. Driehaus Capital Management LLC now owns 312,085 shares of the shipping company’s stock valued at $4,291,000 after buying an additional 257,745 shares during the last quarter. Wells Fargo & Company MN boosted its position in Navigator Holdings by 581.1% in the first quarter. Wells Fargo & Company MN now owns 297,081 shares of the shipping company’s stock valued at $4,085,000 after buying an additional 253,460 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Navigator Holdings during the first quarter valued at approximately $3,339,000. 68.68% of the stock is owned by hedge funds and other institutional investors.

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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