Navigator (NYSE:NVGS) Issues Earnings Results

Navigator (NYSE:NVGS) announced its quarterly earnings data on Thursday. The shipping company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.08), Bloomberg Earnings reports. The company had revenue of $73.59 million for the quarter, compared to analysts’ expectations of $61.66 million. Navigator had a negative net margin of 4.62% and a negative return on equity of 1.20%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS.

Shares of NVGS stock traded down $0.61 during mid-day trading on Friday, hitting $9.48. The company’s stock had a trading volume of 250,381 shares, compared to its average volume of 99,286. Navigator has a 52-week low of $8.70 and a 52-week high of $12.73. The company has a 50-day moving average of $9.98. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.96 and a current ratio of 1.07. The firm has a market capitalization of $561.59 million, a PE ratio of -189.60 and a beta of 1.06.

Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of Navigator by 1.5% in the 4th quarter. Northern Trust Corp now owns 507,891 shares of the shipping company’s stock valued at $4,775,000 after acquiring an additional 7,536 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in Navigator during the 4th quarter worth approximately $310,000. Millennium Management LLC raised its holdings in Navigator by 133.3% during the 4th quarter. Millennium Management LLC now owns 56,896 shares of the shipping company’s stock worth $535,000 after buying an additional 32,512 shares during the period. Deutsche Bank AG raised its holdings in Navigator by 44.6% during the 4th quarter. Deutsche Bank AG now owns 7,406 shares of the shipping company’s stock worth $69,000 after buying an additional 2,286 shares during the period. Finally, Creative Planning raised its holdings in Navigator by 7.5% during the 1st quarter. Creative Planning now owns 49,931 shares of the shipping company’s stock worth $549,000 after buying an additional 3,475 shares during the period. Hedge funds and other institutional investors own 68.93% of the company’s stock.



NVGS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Navigator from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 30th. TheStreet cut Navigator from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. Wells Fargo & Co upgraded Navigator from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $13.50 to $15.00 in a research note on Thursday, July 25th. Finally, ValuEngine upgraded Navigator from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Navigator presently has a consensus rating of “Buy” and a consensus target price of $14.50.

About Navigator

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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Earnings History for Navigator (NYSE:NVGS)

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