Navigator (NYSE:NVGS) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

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

Navigator Trading Down 1.3 %

NYSE:NVGS opened at $13.69 on Friday. Navigator has a 12 month low of $13.55 and a 12 month high of $18.18. The company has a 50 day simple moving average of $16.00 and a two-hundred day simple moving average of $15.88. The company has a current ratio of 0.75, a quick ratio of 0.71 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.00 billion, a PE ratio of 12.11 and a beta of 1.39.

Navigator Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 24th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Monday, March 24th. Navigator’s dividend payout ratio (DPR) is presently 16.67%.

Analyst Ratings Changes

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