Zacks: Analysts Anticipate Navigator Holdings Ltd (NVGS) Will Announce Quarterly Sales of $66 Million

Equities research analysts expect Navigator Holdings Ltd (NYSE:NVGS) to post $66 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Navigator Holdings’ earnings. The highest sales estimate is $67.16 million and the lowest is $64.83 million. Navigator Holdings posted sales of $72.54 million during the same quarter last year, which would indicate a negative year over year growth rate of 9%. The company is expected to issue its next earnings results on Monday, August 14th.

According to Zacks, analysts expect that Navigator Holdings will report full-year sales of $66 million for the current year, with estimates ranging from $233.14 million to $287.58 million. For the next fiscal year, analysts anticipate that the business will report sales of $304.3 million per share, with estimates ranging from $251.08 million to $341.27 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Navigator Holdings.

Navigator Holdings (NYSE:NVGS) last posted its earnings results on Monday, May 8th. The shipping company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Navigator Holdings had a return on equity of 6.52% and a net margin of 20.45%. The company had revenue of $77.30 million for the quarter, compared to analyst estimates of $63.83 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year.

NVGS has been the topic of a number of research reports. Zacks Investment Research upgraded Navigator Holdings from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, April 5th. Maxim Group set a $17.00 price target on Navigator Holdings and gave the stock a “buy” rating in a research note on Thursday, May 4th. TheStreet upgraded Navigator Holdings from a “d+” rating to a “c-” rating in a research note on Wednesday, February 22nd. Finally, Wells Fargo & Co upgraded Navigator Holdings from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 11th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company. Navigator Holdings currently has a consensus rating of “Hold” and an average price target of $14.40.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Creative Planning purchased a new position in Navigator Holdings during the first quarter worth about $363,000. Steinberg Asset Management LLC increased its position in Navigator Holdings by 48.1% in the third quarter. Steinberg Asset Management LLC now owns 1,179,245 shares of the shipping company’s stock worth $8,479,000 after buying an additional 383,155 shares in the last quarter. Hollow Brook Wealth Management LLC increased its position in Navigator Holdings by 134.1% in the third quarter. Hollow Brook Wealth Management LLC now owns 855,072 shares of the shipping company’s stock worth $6,148,000 after buying an additional 489,875 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Navigator Holdings by 9.6% in the third quarter. Oppenheimer & Co. Inc. now owns 1,196,187 shares of the shipping company’s stock worth $8,601,000 after buying an additional 104,400 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Navigator Holdings by 14.6% in the fourth quarter. Two Sigma Investments LP now owns 58,557 shares of the shipping company’s stock worth $545,000 after buying an additional 7,443 shares in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

Navigator Holdings (NYSE:NVGS) traded down 0.250% during trading on Wednesday, reaching $9.975. The company’s stock had a trading volume of 160,454 shares. The stock has a market capitalization of $553.06 million, a PE ratio of 19.950 and a beta of 1.25. The stock has a 50 day moving average price of $13.04 and a 200 day moving average price of $10.86. Navigator Holdings has a 1-year low of $6.47 and a 1-year high of $16.34.

About Navigator Holdings

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.

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