Navigator (NYSE:NVGS) Issues Quarterly Earnings Results

by · The Cerbat Gem

Navigator (NYSE:NVGS – Get Free Report) issued its quarterly earnings data on Tuesday. The shipping company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.06), Zacks reports. Navigator had a net margin of 15.57% and a return on equity of 6.56%.

Navigator Trading Down 0.5%

Shares of NYSE NVGS traded down $0.08 during mid-day trading on Tuesday, reaching $16.33. The company had a trading volume of 416,339 shares, compared to its average volume of 353,358. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 12.86 and a beta of 0.63. Navigator has a 52 week low of $10.55 and a 52 week high of $17.52. The business’s 50-day moving average is $15.88 and its 200-day moving average is $15.09. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.70.

Navigator Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 17th. Stockholders of record on Thursday, August 28th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 28th. Navigator’s payout ratio is currently 15.75%.

Hedge Funds Weigh In On Navigator

Hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new stake in shares of Navigator during the second quarter valued at approximately $5,677,000. Ameriprise Financial Inc. bought a new position in Navigator in the second quarter worth approximately $4,773,000. Bank of America Corp DE increased its stake in shares of Navigator by 143.8% during the second quarter. Bank of America Corp DE now owns 263,369 shares of the shipping company’s stock valued at $3,727,000 after buying an additional 155,336 shares during the period. Millennium Management LLC raised its holdings in shares of Navigator by 16.4% in the first quarter. Millennium Management LLC now owns 542,756 shares of the shipping company’s stock valued at $7,224,000 after acquiring an additional 76,287 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Navigator by 674.7% in the first quarter. Jane Street Group LLC now owns 85,843 shares of the shipping company’s stock worth $1,143,000 after acquiring an additional 74,762 shares during the period. 18.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NVGS has been the topic of several analyst reports. Weiss Ratings downgraded Navigator from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Deutsche Bank Aktiengesellschaft started coverage on shares of Navigator in a research report on Thursday, September 25th. They set a “buy” rating and a $24.00 price objective on the stock. Finally, Jefferies Financial Group restated a “buy” rating and issued a $19.00 target price on shares of Navigator in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.50.

Read Our Latest Research Report on Navigator

Navigator Company Profile

(Get Free Report)

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.

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