Zacks: Analysts Anticipate Navigator Holdings Ltd (NYSE:NVGS) Will Post Earnings of -$0.08 Per Share

Wall Street brokerages predict that Navigator Holdings Ltd (NYSE:NVGS) will report earnings per share (EPS) of ($0.08) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Navigator’s earnings, with estimates ranging from ($0.12) to ($0.04). Navigator posted earnings per share of $0.01 during the same quarter last year, which would suggest a negative year-over-year growth rate of 900%. The company is scheduled to issue its next earnings results on Monday, November 11th.

According to Zacks, analysts expect that Navigator will report full year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.06). For the next year, analysts expect that the company will post earnings of $1.24 per share, with EPS estimates ranging from $0.78 to $1.69. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Navigator.

Navigator (NYSE:NVGS) last posted its quarterly earnings data on Thursday, August 8th. The shipping company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.08). Navigator had a negative return on equity of 1.20% and a negative net margin of 4.62%. The firm had revenue of $73.59 million during the quarter, compared to analysts’ expectations of $61.66 million. During the same period last year, the company earned ($0.06) earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year.

A number of analysts recently weighed in on the stock. TheStreet lowered shares of Navigator from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. Evercore ISI set a $15.00 price objective on shares of Navigator and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine raised shares of Navigator from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Navigator from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Co raised shares of Navigator from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $13.50 to $15.00 in a research report on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $14.60.

Navigator stock opened at $11.41 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.89. Navigator has a 1-year low of $8.70 and a 1-year high of $12.73. The company’s 50-day moving average is $10.14 and its 200 day moving average is $10.26.

Several large investors have recently modified their holdings of the company. Roubaix Capital LLC purchased a new position in shares of Navigator during the third quarter worth approximately $2,493,000. Needham Investment Management LLC increased its position in shares of Navigator by 18.0% during the second quarter. Needham Investment Management LLC now owns 333,100 shares of the shipping company’s stock worth $3,118,000 after acquiring an additional 50,800 shares during the period. Walleye Trading Advisors LLC purchased a new position in shares of Navigator during the second quarter worth approximately $223,000. D. E. Shaw & Co. Inc. increased its position in shares of Navigator by 34.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 19,795 shares of the shipping company’s stock worth $185,000 after acquiring an additional 5,117 shares during the period. Finally, Morgan Stanley increased its position in shares of Navigator by 1.1% during the second quarter. Morgan Stanley now owns 141,443 shares of the shipping company’s stock worth $1,325,000 after acquiring an additional 1,594 shares during the period. 68.39% of the stock is currently owned by institutional investors and hedge funds.

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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