Dorian LPG (NYSE:LPG) Releases Earnings Results, Beats Expectations By $0.08 EPS

Dorian LPG (NYSE:LPG) released its quarterly earnings results on Friday. The shipping company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08, RTT News reports. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. During the same period in the previous year, the business posted $2.62 earnings per share.

Dorian LPG Trading Down 4.2 %

Shares of NYSE LPG traded down $1.07 during trading on Friday, reaching $24.30. The stock had a trading volume of 921,959 shares, compared to its average volume of 739,387. The company has a market cap of $1.04 billion, a P/E ratio of 4.13 and a beta of 0.93. Dorian LPG has a fifty-two week low of $22.46 and a fifty-two week high of $51.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22. The business’s 50-day moving average price is $24.42 and its 200-day moving average price is $31.07.

Dorian LPG Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 5th.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $35.00 target price on shares of Dorian LPG in a research note on Friday.

About Dorian LPG

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.