Zacks: Brokerages Anticipate Navigator Holdings Ltd. (NYSE:NVGS) Will Post Earnings of $0.08 Per Share


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Analysts expect that Navigator Holdings Ltd. (NYSE:NVGS) will post earnings per share of $0.08 for the current quarter, Zacks reports. Two analysts have provided estimates for Navigator’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.09. Navigator posted earnings of $0.06 per share during the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The firm is expected to issue its next earnings report on Thursday, May 27th.

According to Zacks, analysts expect that Navigator will report full-year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.36. For the next financial year, analysts forecast that the firm will report earnings of $1.62 per share, with EPS estimates ranging from $1.47 to $1.76. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow Navigator.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Wednesday, March 17th. The shipping company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Navigator had a positive return on equity of 0.20% and a negative net margin of 2.12%. The company had revenue of $70.91 million for the quarter, compared to analysts’ expectations of $70.77 million.

Several research firms have commented on NVGS. Zacks Investment Research cut shares of Navigator from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 24th. Jefferies Financial Group upped their price objective on shares of Navigator from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, January 29th.

A number of institutional investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ acquired a new stake in Navigator during the fourth quarter worth about $2,280,000. ExodusPoint Capital Management LP purchased a new stake in shares of Navigator during the 4th quarter worth about $1,306,000. Royce & Associates LP increased its position in Navigator by 8.1% during the 4th quarter. Royce & Associates LP now owns 1,345,452 shares of the shipping company’s stock worth $14,733,000 after purchasing an additional 100,971 shares in the last quarter. Corsair Capital Management L.P. acquired a new stake in Navigator during the 4th quarter worth approximately $876,000. Finally, Susquehanna International Group LLP raised its holdings in Navigator by 310.7% in the fourth quarter. Susquehanna International Group LLP now owns 71,457 shares of the shipping company’s stock valued at $782,000 after buying an additional 54,057 shares during the period. Hedge funds and other institutional investors own 66.16% of the company’s stock.

Shares of Navigator stock traded up $0.12 on Wednesday, reaching $9.77. 2,300 shares of the company were exchanged, compared to its average volume of 115,744. The stock’s 50 day moving average price is $9.73 and its 200-day moving average price is $9.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.13 and a quick ratio of 1.05. Navigator has a 1-year low of $4.75 and a 1-year high of $11.71. The company has a market cap of $546.19 million, a P/E ratio of -89.00 and a beta of 2.33.

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, 2019, it operated a fleet of 38 semi- or fully-refrigerated liquefied gas carriers.

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