Dorian LPG (NYSE:LPG) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Dorian LPG (NYSE:LPG) announced its earnings results on Thursday. The shipping company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.03 by $0.23, Briefing.com reports. The business had revenue of $114.30 million for the quarter, compared to the consensus estimate of $113.70 million. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. Dorian LPG’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS.

Dorian LPG Trading Down 4.1 %

Shares of Dorian LPG stock traded down $1.63 on Friday, hitting $38.07. 990,865 shares of the company’s stock traded hands, compared to its average volume of 549,665. The firm’s 50-day moving average price is $42.80 and its two-hundred day moving average price is $40.54. The stock has a market capitalization of $1.62 billion, a PE ratio of 5.01 and a beta of 0.97. Dorian LPG has a one year low of $24.17 and a one year high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 3.60.

Dorian LPG Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, August 8th. Dorian LPG’s payout ratio is 26.32%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LPG. StockNews.com downgraded Dorian LPG from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. DNB Markets upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Wednesday, July 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd.

Dorian LPG Company Profile

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