Dorian LPG (LPG) to Release Quarterly Earnings on Thursday

Dorian LPG (NYSE:LPG) is scheduled to announce its earnings results before the market opens on Thursday, August 1st.

Dorian LPG (NYSE:LPG) last issued its quarterly earnings data on Wednesday, May 22nd. The shipping company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.10. The business had revenue of $141.40 million for the quarter, compared to analyst estimates of $144.25 million. Dorian LPG had a return on equity of 32.22% and a net margin of 54.83%. Dorian LPG’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. On average, analysts expect Dorian LPG to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Dorian LPG Stock Performance

NYSE:LPG opened at $40.51 on Thursday. The stock’s 50-day moving average is $43.52 and its 200-day moving average is $40.72. The stock has a market cap of $1.65 billion, a P/E ratio of 5.33 and a beta of 0.97. Dorian LPG has a 1-year low of $24.17 and a 1-year high of $51.66. The company has a current ratio of 3.62, a quick ratio of 3.60 and a debt-to-equity ratio of 0.54.

Dorian LPG Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Wednesday, August 21st. Shareholders of record on Thursday, August 8th will be issued a dividend of $1.00 per share. The ex-dividend date is Thursday, August 8th. Dorian LPG’s payout ratio is 26.32%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, July 3rd. Jefferies Financial Group lifted their target price on Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Finally, StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas (LPG) through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers (VLGCs). The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.