StealthGas (GASS) Scheduled to Post Quarterly Earnings on Thursday

StealthGas (NASDAQ:GASS) is scheduled to release its earnings data before the market opens on Thursday, May 23rd. Analysts expect StealthGas to post earnings of ($0.03) per share for the quarter.

StealthGas (NASDAQ:GASS) last announced its quarterly earnings data on Thursday, February 21st. The shipping company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). The business had revenue of $34.02 million during the quarter, compared to the consensus estimate of $35.61 million. StealthGas had a positive return on equity of 0.03% and a negative net margin of 7.47%. On average, analysts expect StealthGas to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of GASS stock traded up $0.01 during trading on Wednesday, reaching $3.21. The company’s stock had a trading volume of 5,920 shares, compared to its average volume of 55,520. The company has a quick ratio of 1.32, a current ratio of 1.34 and a debt-to-equity ratio of 0.66. The firm has a market cap of $128.80 million, a PE ratio of 320.00 and a beta of 1.53. StealthGas has a one year low of $2.73 and a one year high of $4.18.

In other news, major shareholder Glendon Capital Management Lp bought 18,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average cost of $3.09 per share, for a total transaction of $55,620.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Opportunities Fund L. Glendon bought 422,065 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average price of $3.30 per share, for a total transaction of $1,392,814.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 550,746 shares of company stock worth $1,809,452.

An institutional investor recently raised its position in StealthGas stock. Morgan Stanley raised its stake in StealthGas Inc. (NASDAQ:GASS) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,000 shares of the shipping company’s stock after purchasing an additional 8,433 shares during the period. Morgan Stanley owned 0.11% of StealthGas worth $154,000 at the end of the most recent quarter. 59.12% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on GASS. Zacks Investment Research raised shares of StealthGas from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Monday, April 29th. Maxim Group restated a “buy” rating and set a $5.50 target price on shares of StealthGas in a report on Wednesday, March 27th. Finally, ValuEngine downgraded shares of StealthGas from a “buy” rating to a “hold” rating in a report on Thursday, January 24th.

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StealthGas Company Profile

StealthGas Inc, together with its subsidiaries, provides seaborne transportation services to liquefied petroleum gas (LPG) producers and users worldwide. 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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Earnings History for StealthGas (NASDAQ:GASS)

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