StealthGas (GASS) to Release Quarterly Earnings on Wednesday

StealthGas (NASDAQ:GASS) will be releasing its earnings data before the market opens on Wednesday, February 28th. Analysts expect StealthGas to post earnings of $0.05 per share for the quarter.

StealthGas (NASDAQ:GASS) last released its quarterly earnings data on Wednesday, November 22nd. The shipping company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). The firm had revenue of $38.55 million for the quarter, compared to the consensus estimate of $37.13 million. StealthGas had a negative net margin of 4.14% and a positive return on equity of 1.06%. On average, analysts expect StealthGas to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of StealthGas (NASDAQ GASS) opened at $4.43 on Wednesday. The firm has a market cap of $176.58, a PE ratio of -27.69 and a beta of 1.68. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.57 and a current ratio of 0.60. StealthGas has a 12 month low of $2.90 and a 12 month high of $4.78.

An institutional investor recently raised its position in StealthGas stock. State Street Corp lifted its stake in StealthGas Inc. (NASDAQ:GASS) by 16.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,521 shares of the shipping company’s stock after acquiring an additional 5,998 shares during the quarter. State Street Corp owned 0.10% of StealthGas worth $135,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 61.99% of the company’s stock.

A number of brokerages have recently commented on GASS. Zacks Investment Research upgraded shares of StealthGas from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 24th. Jefferies Group began coverage on shares of StealthGas in a research note on Monday, December 18th. They issued a “buy” rating and a $7.00 price target for the company.

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StealthGas Company Profile

StealthGas Inc is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.

Earnings History for StealthGas (NASDAQ:GASS)

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