Navigator (NVGS) to Release Quarterly Earnings on Wednesday

Navigator (NYSE:NVGS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Navigator to post earnings of $0.34 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Wednesday, August 14th. The shipping company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Navigator had a net margin of 14.76% and a return on equity of 7.35%. The company had revenue of $129.55 million for the quarter, compared to analyst estimates of $117.92 million. On average, analysts expect Navigator to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Navigator Stock Performance

NYSE NVGS opened at $15.40 on Monday. The business’s 50-day moving average price is $16.05 and its 200 day moving average price is $16.31. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The firm has a market cap of $1.13 billion, a P/E ratio of 13.63 and a beta of 1.50. Navigator has a 52-week low of $13.72 and a 52-week high of $18.18.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, September 3rd. Navigator’s payout ratio is currently 17.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup started coverage on shares of Navigator in a research report on Wednesday, July 31st. They issued a “buy” rating and a $22.00 price objective on the stock. DNB Markets started coverage on shares of Navigator in a report on Thursday, September 12th. They set a “buy” rating and a $22.00 price target for the company. StockNews.com cut Navigator from a “buy” rating to a “hold” rating in a research report on Monday, October 14th. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, August 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $20.00 price objective on shares of Navigator in a report on Thursday, August 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Navigator has an average rating of “Moderate Buy” and a consensus 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.