Navigator Holdings Ltd Forecasted to Earn FY2019 Earnings of $0.28 Per Share (NVGS)

Navigator Holdings Ltd (NYSE:NVGS) – Investment analysts at Jefferies Financial Group dropped their FY2019 EPS estimates for Navigator in a research note issued to investors on Thursday, April 11th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will post earnings per share of $0.28 for the year, down from their previous estimate of $0.48.

Navigator (NYSE:NVGS) last issued its quarterly earnings data on Monday, April 1st. The shipping company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.05). The company had revenue of $78.20 million during the quarter, compared to the consensus estimate of $63.30 million. Navigator had a negative net margin of 1.85% and a negative return on equity of 0.30%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.03 earnings per share.

NVGS has been the topic of several other reports. Zacks Investment Research raised Navigator from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, March 20th. Wells Fargo & Co downgraded Navigator from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. Maxim Group reissued a “buy” rating and set a $16.00 price objective on shares of Navigator in a report on Tuesday, April 2nd. ValuEngine raised Navigator from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Morgan Stanley raised Navigator from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $13.00 to $14.00 in a report on Friday, February 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $14.33.

Shares of NYSE NVGS opened at $11.24 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.04 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $619.50 million, a price-to-earnings ratio of -224.80 and a beta of 1.16. Navigator has a 12 month low of $8.70 and a 12 month high of $13.55.

Large investors have recently made changes to their positions in the company. Cutler Group LP grew its holdings in shares of Navigator by 1,100.0% during the 4th quarter. Cutler Group LP now owns 3,000 shares of the shipping company’s stock worth $28,000 after purchasing an additional 3,300 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Navigator by 44.6% during the 4th quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after purchasing an additional 2,286 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Navigator during the 4th quarter worth approximately $98,000. GSA Capital Partners LLP acquired a new stake in shares of Navigator during the 4th quarter worth approximately $184,000. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Navigator during the 4th quarter worth approximately $310,000. 69.60% of the stock is currently owned by institutional investors.

About Navigator

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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