Navigator Holdings Ltd (NVGS) Posts Earnings Results

Navigator Holdings Ltd (NYSE:NVGS) released its quarterly earnings data on Monday. The shipping company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Navigator Holdings had a net margin of 20.45% and a return on equity of 6.52%. The business had revenue of $77.30 million during the quarter, compared to analyst estimates of $63.83 million. During the same quarter last year, the business earned $0.35 earnings per share. Navigator Holdings’s quarterly revenue was up 1.2% compared to the same quarter last year.

Shares of Navigator Holdings (NYSE:NVGS) traded up 1.20% during midday trading on Friday, reaching $8.40. 282,589 shares of the company were exchanged. Navigator Holdings has a 52 week low of $6.47 and a 52 week high of $14.75. The firm has a market capitalization of $466.46 million, a P/E ratio of 16.80 and a beta of 1.25. The firm has a 50-day moving average of $11.97 and a 200 day moving average of $10.92.

Earnings History for Navigator Holdings (NYSE:NVGS)

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A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in Navigator Holdings during the first quarter valued at approximately $109,000. Bronfman E.L. Rothschild L.P. raised its position in Navigator Holdings by 14.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,355 shares of the shipping company’s stock valued at $156,000 after buying an additional 1,460 shares during the period. Bayesian Capital Management LP bought a new position in Navigator Holdings during the fourth quarter valued at approximately $112,000. Highbridge Capital Management LLC bought a new position in Navigator Holdings during the fourth quarter valued at approximately $128,000. Finally, Peapack Gladstone Financial Corp bought a new position in Navigator Holdings during the first quarter valued at approximately $230,000. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have commented on NVGS. Zacks Investment Research lowered shares of Navigator Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, March 11th. Maxim Group set a $17.00 price objective on shares of Navigator Holdings and gave the company a “buy” rating in a research report on Thursday, May 4th. Finally, TheStreet upgraded shares of Navigator Holdings from a “d+” rating to a “c-” rating in a research report on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.40.

Navigator Holdings Company Profile

Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.

12 Month Chart for NYSE:NVGS

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