Navigator (NVGS) Scheduled to Post Quarterly Earnings on Monday

Navigator (NYSE:NVGS – Get Rating) is set to release its earnings data after the market closes on Monday, May 23rd. Analysts expect Navigator to post earnings of $0.22 per share for the quarter.

Navigator (NYSE:NVGS – Get Rating) last released its quarterly earnings data on Thursday, March 10th. The shipping company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.04). Navigator had a positive return on equity of 2.64% and a negative net margin of 9.20%. The firm had revenue of $107.52 million for the quarter, compared to analyst estimates of $96.47 million. On average, analysts expect Navigator to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Navigator stock traded up $0.55 during midday trading on Friday, hitting $14.30. 988 shares of the stock were exchanged, compared to its average volume of 153,932. Navigator has a fifty-two week low of $7.84 and a fifty-two week high of $14.21. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -31.78 and a beta of 1.95. The stock’s 50-day simple moving average is $12.59 and its 200 day simple moving average is $10.43. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.69.

Several hedge funds and other institutional investors have recently bought and sold shares of NVGS. Gamco Investors INC. ET AL boosted its stake in shares of Navigator by 14.5% in the first quarter. Gamco Investors INC. ET AL now owns 586,001 shares of the shipping company’s stock valued at $7,155,000 after purchasing an additional 74,000 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in Navigator by 114.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 85,441 shares of the shipping company’s stock valued at $758,000 after acquiring an additional 45,592 shares in the last quarter. Gabelli Funds LLC raised its holdings in Navigator by 25.0% in the first quarter. Gabelli Funds LLC now owns 125,053 shares of the shipping company’s stock valued at $1,527,000 after acquiring an additional 25,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in Navigator during the fourth quarter worth approximately $165,000. Finally, Marshall Wace LLP raised its holdings in Navigator by 20.9% during the fourth quarter. Marshall Wace LLP now owns 68,526 shares of the shipping company’s stock worth $608,000 after purchasing an additional 11,841 shares in the last quarter. 32.38% of the stock is owned by institutional investors and hedge funds.

NVGS has been the subject of several recent analyst reports. StockNews.com cut shares of Navigator from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Zacks Investment Research lowered shares of Navigator from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 30th. Finally, Jefferies Financial Group began coverage on shares of Navigator in a research note on Wednesday, April 27th. They set a “buy” rating for the company.

Navigator Company Profile (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 April 14, 2022, it operated a fleet of 53 semi- or fully-refrigerated liquefied gas carriers.

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