Navigator Holdings Ltd (NYSE:NVGS) – Research analysts at Jefferies Financial Group dropped their Q3 2019 earnings per share (EPS) estimates for shares of Navigator in a report issued on Tuesday, May 14th. Jefferies Financial Group analyst R. Giveans now expects that the shipping company will earn $0.01 per share for the quarter, down from their previous forecast of $0.06. Jefferies Financial Group also issued estimates for Navigator’s Q4 2019 earnings at $0.08 EPS and FY2020 earnings at $0.90 EPS.
Several other analysts have also issued reports on NVGS. Zacks Investment Research upgraded shares of Navigator from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, March 20th. Maxim Group reiterated a “buy” rating and issued a $16.00 target price on shares of Navigator in a research report on Tuesday, April 2nd. ValuEngine upgraded shares of Navigator from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, Morgan Stanley upgraded shares of Navigator from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $13.00 to $14.00 in a research report on Friday, February 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $14.33.
Navigator (NYSE:NVGS) last announced its earnings results on Monday, May 13th. The shipping company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10). Navigator had a negative net margin of 3.14% and a negative return on equity of 0.72%. The company had revenue of $76.10 million during the quarter, compared to analyst estimates of $67.73 million. During the same quarter last year, the business earned $0.01 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gagnon Advisors LLC boosted its position in Navigator by 40.1% during the fourth quarter. Gagnon Advisors LLC now owns 532,674 shares of the shipping company’s stock worth $5,007,000 after acquiring an additional 152,347 shares during the last quarter. Cutler Group LP boosted its position in Navigator by 1,100.0% during the fourth quarter. Cutler Group LP now owns 3,000 shares of the shipping company’s stock worth $28,000 after acquiring an additional 3,300 shares during the last quarter. Gagnon Securities LLC boosted its position in Navigator by 18.9% during the fourth quarter. Gagnon Securities LLC now owns 939,693 shares of the shipping company’s stock worth $8,833,000 after acquiring an additional 149,072 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in Navigator during the fourth quarter worth about $310,000. Finally, GSA Capital Partners LLP acquired a new position in Navigator during the fourth quarter worth about $184,000. Hedge funds and other institutional investors own 69.40% of the company’s stock.
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, 2017, it owned and operated a fleet of 38 vessels.
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