StealthGas, Inc. (NASDAQ:GASS) – Stock analysts at Jefferies Group reduced their Q3 2017 earnings estimates for StealthGas in a research report issued on Thursday. Jefferies Group analyst D. Mavrinac now forecasts that the shipping company will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.07. Jefferies Group also issued estimates for StealthGas’ Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.21 EPS and FY2018 earnings at $0.18 EPS.
StealthGas (NASDAQ:GASS) last issued its quarterly earnings data on Thursday, August 24th. The shipping company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $39.27 million during the quarter, compared to the consensus estimate of $36.32 million. StealthGas had a negative net margin of 4.41% and a positive return on equity of 0.44%. ILLEGAL ACTIVITY NOTICE: This report was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.com-unik.info/2017/10/22/research-analysts-set-expectations-for-stealthgas-inc-s-q3-2017-earnings-gass.html.
Separately, Zacks Investment Research downgraded shares of StealthGas from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 25th.
StealthGas (NASDAQ:GASS) opened at 3.65 on Friday. The firm has a 50 day moving average of $3.37 and a 200-day moving average of $3.27. StealthGas has a 12 month low of $2.65 and a 12 month high of $4.78. The firm’s market cap is $145.28 million.
Several large investors have recently modified their holdings of the company. State Street Corp boosted its holdings in shares of StealthGas by 16.9% in the second quarter. State Street Corp now owns 41,521 shares of the shipping company’s stock valued at $135,000 after acquiring an additional 5,998 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of StealthGas by 65.0% in the second quarter. Goldman Sachs Group Inc. now owns 46,953 shares of the shipping company’s stock valued at $153,000 after acquiring an additional 18,495 shares in the last quarter. Robotti Robert boosted its holdings in shares of StealthGas by 4.9% in the second quarter. Robotti Robert now owns 857,344 shares of the shipping company’s stock valued at $2,623,000 after acquiring an additional 39,659 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of StealthGas by 1.2% in the second quarter. Royce & Associates LP now owns 1,897,956 shares of the shipping company’s stock valued at $6,168,000 after acquiring an additional 22,900 shares in the last quarter. Finally, Towerview LLC boosted its holdings in shares of StealthGas by 33.3% in the second quarter. Towerview LLC now owns 200,000 shares of the shipping company’s stock valued at $650,000 after acquiring an additional 50,000 shares in the last quarter. 67.87% of the stock is currently owned by institutional investors and hedge funds.
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.
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