StealthGas (GASS) Scheduled to Post Quarterly Earnings on Thursday

StealthGas (NASDAQ:GASS – Get Rating) is scheduled to be announcing its earnings results before the market opens on Thursday, May 26th. Analysts expect the company to announce earnings of $0.09 per share for the quarter.

StealthGas (NASDAQ:GASS – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The shipping company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). StealthGas had a negative net margin of 23.38% and a positive return on equity of 1.83%. The firm had revenue of $31.26 million for the quarter, compared to analysts’ expectations of $30.06 million. On average, analysts expect StealthGas to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NASDAQ GASS opened at $2.44 on Monday. StealthGas has a one year low of $1.91 and a one year high of $3.28. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.83. The business’s fifty day moving average price is $2.43 and its 200-day moving average price is $2.34. The stock has a market capitalization of $93.21 million, a PE ratio of -2.62 and a beta of 1.11.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of StealthGas in the 4th quarter valued at about $30,000. Geode Capital Management LLC raised its holdings in shares of StealthGas by 12.2% in the 3rd quarter. Geode Capital Management LLC now owns 39,172 shares of the shipping company’s stock valued at $104,000 after acquiring an additional 4,250 shares in the last quarter. Morgan Stanley raised its holdings in shares of StealthGas by 2,023.0% in the 3rd quarter. Morgan Stanley now owns 45,241 shares of the shipping company’s stock valued at $121,000 after acquiring an additional 43,110 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of StealthGas in the 4th quarter valued at about $128,000. 48.92% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on GASS shares. Zacks Investment Research raised StealthGas from a “hold” rating to a “strong-buy” rating and set a $2.75 price target on the stock in a research report on Friday, April 29th. StockNews.com initiated coverage on StealthGas in a report on Saturday. They set a “hold” rating on the stock. Finally, Jefferies Financial Group initiated coverage on StealthGas in a report on Wednesday, April 27th. They set a “buy” rating on the stock.

StealthGas Company Profile (Get Rating)

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users internationally. It also provides crude oil and product carriers chartered to oil producers, refiners, and commodities traders. The company's carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene, and vinyl chloride monomer; and refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals.

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