Navigator Holdings Ltd (NVGS) Expected to Post Quarterly Sales of $64.71 Million

Wall Street brokerages predict that Navigator Holdings Ltd (NYSE:NVGS) will post $64.71 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Navigator’s earnings, with estimates ranging from $63.77 million to $65.47 million. Navigator reported sales of $76.68 million in the same quarter last year, which would suggest a negative year over year growth rate of 15.6%. The company is expected to report its next earnings report on Monday, March 4th.

On average, analysts expect that Navigator will report full-year sales of $246.05 million for the current financial year, with estimates ranging from $244.44 million to $247.33 million. For the next financial year, analysts anticipate that the business will post sales of $274.56 million, with estimates ranging from $263.60 million to $298.29 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Navigator.

Navigator (NYSE:NVGS) last posted its quarterly earnings results on Monday, November 12th. The shipping company reported $0.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $80.80 million for the quarter, compared to the consensus estimate of $60.88 million. Navigator had a negative net margin of 0.14% and a negative return on equity of 0.04%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share.

A number of brokerages have commented on NVGS. Zacks Investment Research raised shares of Navigator from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Finally, Morgan Stanley set a $13.00 target price on shares of Navigator and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $14.67.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in Navigator by 12.2% during the second quarter. Wells Fargo & Company MN now owns 1,311,013 shares of the shipping company’s stock worth $16,584,000 after purchasing an additional 142,106 shares during the period. Needham Investment Management LLC raised its stake in Navigator by 5.7% during the second quarter. Needham Investment Management LLC now owns 166,800 shares of the shipping company’s stock worth $2,109,000 after purchasing an additional 9,000 shares during the period. Janney Montgomery Scott LLC purchased a new position in Navigator during the second quarter worth about $138,000. California Public Employees Retirement System raised its stake in Navigator by 34.0% during the second quarter. California Public Employees Retirement System now owns 20,766 shares of the shipping company’s stock worth $263,000 after purchasing an additional 5,266 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in Navigator by 47.1% during the second quarter. Frontier Capital Management Co. LLC now owns 1,347,819 shares of the shipping company’s stock worth $17,050,000 after purchasing an additional 431,701 shares during the period. 70.58% of the stock is currently owned by institutional investors.

Shares of NYSE:NVGS traded up $0.01 during midday trading on Friday, hitting $12.05. The company’s stock had a trading volume of 45,677 shares, compared to its average volume of 96,337. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78. The company has a market cap of $670.65 million, a P/E ratio of 75.31, a P/E/G ratio of 133.89 and a beta of 1.16. Navigator has a 12-month low of $9.55 and a 12-month high of $13.55.

Navigator Company Profile

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.

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