Navigator Holdings Ltd. (NYSE:NVGS) Releases Earnings Results, Misses Expectations By $0.02 EPS

Navigator Holdings Ltd. (NYSE:NVGS) announced its quarterly earnings data on Monday, August 7th. The shipping company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.02, Briefing.com reports. Navigator Holdings had a net margin of 6.44% and a return on equity of 2.28%. The firm had revenue of $74.40 million during the quarter, compared to the consensus estimate of $62.41 million. During the same period last year, the business earned $0.20 EPS. The business’s revenue was up 2.6% on a year-over-year basis.

Shares of Navigator Holdings (NYSE NVGS) traded up 1.01% during mid-day trading on Friday, reaching $10.00. 192,266 shares of the company’s stock traded hands. Navigator Holdings has a 12-month low of $6.47 and a 12-month high of $14.75. The firm has a 50-day moving average of $9.91 and a 200 day moving average of $10.67. The company has a market cap of $555.31 million, a P/E ratio of 29.41 and a beta of 1.10.

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A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Navigator Holdings from a “hold” rating to a “buy” rating and set a $9.50 price objective for the company in a research report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Navigator Holdings in a research report on Saturday, July 22nd. Maxim Group set a $17.00 price objective on shares of Navigator Holdings and gave the company a “buy” rating in a research report on Tuesday, August 8th. BidaskClub cut shares of Navigator Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley raised their target price on shares of Navigator Holdings from $7.50 to $8.00 and gave the stock an “underweight” rating in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.38.

Large investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. increased its stake in Navigator Holdings by 4.2% in the second quarter. Oppenheimer & Co. Inc. now owns 1,707,707 shares of the shipping company’s stock valued at $14,174,000 after buying an additional 68,902 shares during the period. First Manhattan Co. increased its stake in Navigator Holdings by 235.7% in the first quarter. First Manhattan Co. now owns 1,125,892 shares of the shipping company’s stock valued at $8,095,000 after buying an additional 790,517 shares during the period. Emancipation Management LLC increased its stake in Navigator Holdings by 1.7% in the first quarter. Emancipation Management LLC now owns 767,758 shares of the shipping company’s stock valued at $10,557,000 after buying an additional 12,524 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in Navigator Holdings by 10.2% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 736,450 shares of the shipping company’s stock valued at $6,113,000 after buying an additional 68,000 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in Navigator Holdings by 71.6% in the second quarter. Evergreen Capital Management LLC now owns 405,865 shares of the shipping company’s stock valued at $3,369,000 after buying an additional 169,410 shares during the period. 69.01% of the stock is currently owned by institutional investors and hedge funds.

About Navigator Holdings

Navigator Holdings Ltd. is an owner and operator of a fleet of handysize liquefied gas carriers. The Company provides international and regional seaborne transportation services of liquefied petroleum gas (LPG), petrochemical gases and ammonia. As of December 31, 2016, it had 33 semi- or fully-refrigerated handysize liquefied gas carriers.

Earnings History for Navigator Holdings (NYSE:NVGS)

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