Zacks: Brokerages Anticipate Navigator Holdings Ltd. (NYSE:NVGS) to Post $0.24 EPS

Analysts predict that Navigator Holdings Ltd. (NYSE:NVGS) will post $0.24 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Navigator’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.28. Navigator posted earnings per share of $0.01 in the same quarter last year, which would indicate a positive year over year growth rate of 2,300%. The company is scheduled to issue its next quarterly earnings results on Thursday, August 12th.

According to Zacks, analysts expect that Navigator will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.30. For the next fiscal year, analysts forecast that the business will report earnings of $1.63 per share, with EPS estimates ranging from $1.47 to $1.78. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover Navigator.

Navigator (NYSE:NVGS) last announced its quarterly earnings data on Wednesday, June 9th. The shipping company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Navigator had a negative net margin of 0.20% and a positive return on equity of 0.74%.

Separately, Zacks Investment Research downgraded Navigator from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 24th.

NVGS stock traded down $0.22 during midday trading on Friday, hitting $10.64. The company had a trading volume of 1,567 shares, compared to its average volume of 111,952. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.76. Navigator has a 52 week low of $6.05 and a 52 week high of $12.46. The firm has a 50 day moving average price of $10.43. The company has a market capitalization of $594.71 million, a PE ratio of -532.00 and a beta of 2.48.

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of Navigator during the first quarter valued at approximately $240,000. Morgan Stanley raised its holdings in shares of Navigator by 58.3% during the first quarter. Morgan Stanley now owns 483,516 shares of the shipping company’s stock valued at $4,303,000 after acquiring an additional 178,097 shares in the last quarter. HRT Financial LP bought a new position in shares of Navigator during the first quarter valued at approximately $192,000. Goldman Sachs Group Inc. raised its holdings 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 valued at $154,000 after acquiring an additional 2,725 shares in the last quarter. Finally, Gagnon Securities LLC raised its holdings in shares of Navigator by 1.2% during the first quarter. Gagnon Securities LLC now owns 1,768,459 shares of the shipping company’s stock valued at $15,739,000 after acquiring an additional 20,944 shares in the last quarter. Institutional investors own 27.82% of the company’s stock.

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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