Navigator Holdings Ltd. (NYSE:NVGS – Get Rating) – Stock analysts at Jefferies Financial Group lowered their FY2022 earnings estimates for Navigator in a report issued on Wednesday, April 27th. Jefferies Financial Group analyst R. Giveans now anticipates that the shipping company will earn $1.15 per share for the year, down from their prior forecast of $1.16. Jefferies Financial Group currently has a “Buy” rating on the stock.
Navigator (NYSE:NVGS – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The shipping company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). The firm had revenue of $107.52 million during the quarter, compared to analysts’ expectations of $96.47 million. Navigator had a negative net margin of 9.20% and a positive return on equity of 2.65%.
Shares of NYSE NVGS opened at $13.02 on Monday. The firm has a market capitalization of $727.74 million, a P/E ratio of -28.93 and a beta of 2.15. Navigator has a one year low of $7.84 and a one year high of $14.21. The company’s fifty day moving average is $11.85 and its two-hundred day moving average is $9.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.97 and a current ratio of 1.03.
A number of hedge funds have recently made changes to their positions in the stock. Zweig DiMenna Associates LLC acquired a new position in Navigator in the 1st quarter valued at about $2,015,000. Roubaix Capital LLC purchased a new stake in Navigator in the 1st quarter valued at about $2,715,000. American Trust purchased a new stake in Navigator in the 4th quarter valued at about $149,000. Virtu Financial LLC purchased a new stake in Navigator in the 4th quarter valued at about $165,000. Finally, Stifel Financial Corp grew its holdings in Navigator by 0.9% in the 4th quarter. Stifel Financial Corp now owns 121,880 shares of the shipping company’s stock valued at $1,081,000 after buying an additional 1,051 shares during the period. 33.26% of the stock is owned by hedge funds and other institutional investors.
About Navigator (Get Rating)
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, 2020, it operated a fleet of 38 semi- or fully-refrigerated liquefied gas carriers.
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