Dorian LPG Ltd. (NYSE:LPG) Plans Dividend of $1.00

Dorian LPG Ltd. (NYSE:LPG) declared a dividend on Thursday, October 24th, NASDAQ reports. Investors of record on Tuesday, November 5th will be given a dividend of 1.00 per share by the shipping company on Monday, November 25th. The ex-dividend date is Tuesday, November 5th.

Dorian LPG Trading Up 1.6 %

NYSE LPG opened at $29.31 on Monday. Dorian LPG has a 52 week low of $28.64 and a 52 week high of $51.66. The business has a 50 day moving average price of $34.45 and a 200-day moving average price of $39.28. The company has a quick ratio of 4.58, a current ratio of 4.22 and a debt-to-equity ratio of 0.48. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 4.97 and a beta of 1.00.

Dorian LPG (NYSE:LPG) last released its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). The business had revenue of $82.40 million during the quarter, compared to the consensus estimate of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The firm’s quarterly revenue was down 43.1% on a year-over-year basis. During the same period last year, the business posted $1.85 earnings per share. As a group, equities analysts expect that Dorian LPG will post 3.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a $42.00 price target on shares of Dorian LPG in a research note on Thursday.

Dorian LPG Company Profile

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.