BW LPG (NYSE:BWLP) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

BW LPG (NYSE:BWLP) released its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04, Zacks reports. The business had revenue of $127.57 million during the quarter, compared to analyst estimates of $183.00 million.

BW LPG Price Performance

NYSE:BWLP opened at $11.37 on Friday. BW LPG has a 1 year low of $9.95 and a 1 year high of $22.31. The firm’s fifty day simple moving average is $12.11 and its 200 day simple moving average is $13.22. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15.

BW LPG Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 14.78%. The ex-dividend date of this dividend is Friday, March 7th.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities raised BW LPG from a “hold” rating to a “buy” rating in a report on Thursday, January 30th.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.