Wall Street analysts predict that Navigator Holdings Ltd. (NYSE:NVGS) will announce sales of $70.49 million for the current quarter, according to Zacks. Two analysts have made estimates for Navigator’s earnings, with estimates ranging from $70.34 million to $70.63 million. Navigator reported sales of $67.74 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 12th.
According to Zacks, analysts expect that Navigator will report full year sales of $354.77 million for the current fiscal year, with estimates ranging from $350.19 million to $359.35 million. For the next year, analysts forecast that the company will report sales of $450.06 million, with estimates ranging from $434.57 million to $465.54 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Navigator.
Navigator (NYSE:NVGS) last announced its earnings results on Wednesday, June 9th. The shipping company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Navigator had a net margin of 3.17% and a return on equity of 0.77%.
A number of institutional investors and hedge funds have recently made changes to their positions in NVGS. BlackRock Inc. lifted its stake in shares of Navigator by 18.8% during the fourth quarter. BlackRock Inc. now owns 9,124 shares of the shipping company’s stock worth $100,000 after buying an additional 1,447 shares during the period. Wellington Shields & Co. LLC acquired a new stake in shares of Navigator during the first quarter worth $133,000. Trexquant Investment LP lifted its stake in shares of Navigator by 20.0% during the fourth quarter. Trexquant Investment LP now owns 15,534 shares of the shipping company’s stock worth $170,000 after buying an additional 2,587 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Navigator by 18.6% during the first quarter. Goldman Sachs Group Inc. now owns 17,351 shares of the shipping company’s stock worth $154,000 after buying an additional 2,725 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Navigator by 16.8% during the fourth quarter. JPMorgan Chase & Co. now owns 20,849 shares of the shipping company’s stock worth $229,000 after buying an additional 3,005 shares during the period. Institutional investors own 27.83% of the company’s stock.
Navigator stock traded up $0.42 during midday trading on Monday, reaching $9.73. The stock had a trading volume of 55,280 shares, compared to its average volume of 73,473. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.22. Navigator has a 52-week low of $6.11 and a 52-week high of $12.46. The company has a market capitalization of $543.81 million, a price-to-earnings ratio of 51.21 and a beta of 2.46. The stock has a fifty day simple moving average of $10.58.
Navigator Company Profile
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, 2020, it operated a fleet of 38 semi- or fully-refrigerated liquefied gas carriers.
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