Navigator (NYSE:NVGS) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Navigator (NYSE:NVGS) posted its quarterly earnings data on Tuesday. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01, FiscalAI reports. The business had revenue of $155.03 million for the quarter, compared to analysts’ expectations of $132.87 million. Navigator had a return on equity of 10.60% and a net margin of 30.06%.

Navigator Trading Down 2.3%

Shares of NYSE NVGS traded down $0.48 during trading on Thursday, hitting $19.90. 226,641 shares of the company traded hands, compared to its average volume of 421,871. Navigator has a 1 year low of $16.82 and a 1 year high of $25.48. The company has a 50-day moving average price of $22.65 and a 200-day moving average price of $21.17. The firm has a market capitalization of $1.21 billion, a P/E ratio of 6.79, a P/E/G ratio of 0.51 and a beta of 0.55. The company has a quick ratio of 1.62, a current ratio of 1.71 and a debt-to-equity ratio of 0.61.

Navigator Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Tuesday, November 17th will be issued a $0.08 dividend. This is a boost from Navigator’s previous quarterly dividend of $0.07. The ex-dividend date is Tuesday, November 17th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. Navigator’s dividend payout ratio (DPR) is 9.52%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Navigator in a research report on Tuesday. Wall Street Zen raised Navigator from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut Navigator from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Navigator presently has an average rating of “Moderate Buy” and an average target price of $27.00.

Insider Buying and Selling at Navigator

In other Navigator news, insider Oeyvind Lindeman sold 7,500 shares of the business’s stock in a transaction dated 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 owned 7,246 shares of the company’s stock, valued at approximately $157,093.28. The trade was a 50.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter George Charles An Stokes sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $20.28, for a total value of $101,400.00. Following the sale, the director owned 6,910 shares of the company’s stock, valued at $140,134.80. This represents a 41.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.40% of the company’s stock.

Navigator Company Profile

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.