Navigator (NYSE:NVGS) Releases Quarterly Earnings Results

by · The Markets Daily

Navigator (NYSE:NVGS – Get Free Report) issued its quarterly earnings results on Tuesday. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01, FiscalAI reports. The business had revenue of $155.03 million during the quarter, compared to the consensus estimate of $132.87 million. Navigator had a net margin of 22.80% and a return on equity of 10.45%.

Navigator Trading Up 1.0%

NYSE:NVGS traded up $0.19 during mid-day trading on Tuesday, reaching $20.19. The company’s stock had a trading volume of 417,406 shares, compared to its average volume of 421,366. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.71 and a quick ratio of 1.62. The stock has a market cap of $1.23 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.55 and a beta of 0.48. The company’s fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $21.15. Navigator has a twelve month low of $16.12 and a twelve month high of $25.48.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NVGS. Zacks Research downgraded shares of Navigator from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Navigator from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded Navigator from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.00.

Read Our Latest Stock Analysis on Navigator

Insider Transactions at Navigator

In related news, Director Peter George Charles An Stokes sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $20.28, for a total value of $101,400.00. Following the sale, the director directly owned 6,910 shares of the company’s stock, valued at approximately $140,134.80. This trade represents a 41.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Oeyvind Lindeman sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $21.68, for a total transaction of $162,600.00. Following the completion of the sale, the insider directly owned 7,246 shares in the company, valued at $157,093.28. This represents a 50.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

About Navigator

(Get Free Report)

Navigator Holdings Ltd., operating under the name Navigator Gas, is a maritime transportation company that owns and operates a fleet of specialized gas carriers. The company transports liquefied petroleum gas (LPG), petrochemical gases such as ethylene and ethane, ammonia and other liquefied gases for energy, industrial and chemical customers.

Its fleet includes semi-refrigerated and fully pressurized vessels, as well as ethylene-capable carriers designed to handle cargoes requiring specialized containment and temperature controls.

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