Navigator (NYSE:NVGS) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Navigator (NYSE:NVGS – Get Rating) released its earnings results on Tuesday. The shipping company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09, MarketWatch Earnings reports. The firm had revenue of $136.00 million for the quarter, compared to the consensus estimate of $105.95 million. Navigator had a net margin of 9.23% and a return on equity of 4.29%. During the same quarter in the previous year, the firm earned $0.16 earnings per share.

Navigator Trading Down 7.9 %

NVGS stock opened at $13.57 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.56 and a debt-to-equity ratio of 0.70. Navigator has a twelve month low of $9.81 and a twelve month high of $15.21. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.00 and a beta of 1.61. The firm’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $12.87.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of Navigator by 431.6% in the second quarter. Millennium Management LLC now owns 239,661 shares of the shipping company’s stock worth $2,706,000 after purchasing an additional 194,577 shares during the last quarter. Morgan Stanley grew its holdings in shares of Navigator by 45.5% in the fourth quarter. Morgan Stanley now owns 381,694 shares of the shipping company’s stock worth $4,565,000 after purchasing an additional 119,355 shares during the last quarter. Man Group plc grew its holdings in shares of Navigator by 389.2% in the fourth quarter. Man Group plc now owns 101,549 shares of the shipping company’s stock worth $1,215,000 after purchasing an additional 80,789 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings 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 worth $7,155,000 after purchasing an additional 74,000 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Navigator by 113.9% in the third quarter. Two Sigma Investments LP now owns 114,651 shares of the shipping company’s stock worth $1,313,000 after purchasing an additional 61,039 shares during the last quarter. Institutional investors own 23.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on NVGS. TheStreet raised shares of Navigator from a “c” rating to a “b-” rating in a research note on Tuesday, March 28th. StockNews.com began coverage on shares of Navigator in a research note on Thursday, May 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Navigator has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Navigator Company Profile

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Navigator Holdings Ltd. owns and operates a fleet of handy-size liquefied gas carriers. It also provides international seaborne transportation and regional distribution services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders.