Navigator (NYSE:NVGS) Announces Earnings Results

Navigator (NYSE:NVGS) issued its quarterly earnings data on Wednesday. The shipping company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01, Zacks reports. The company had revenue of $144.03 million during the quarter, compared to analysts’ expectations of $120.87 million. Navigator had a return on equity of 7.40% and a net margin of 14.48%.

Navigator Stock Performance

Navigator stock opened at $13.88 on Thursday. The stock has a 50-day simple moving average of $16.05 and a 200 day simple moving average of $15.90. The company has a quick ratio of 0.71, a current ratio of 0.75 and a debt-to-equity ratio of 0.45. Navigator has a 12-month low of $13.55 and a 12-month high of $18.18. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 12.28 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating and set a $20.00 price objective on shares of Navigator in a report on Wednesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Navigator has an average rating of “Buy” and an average target price of $21.60.

About Navigator

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.