Navigator (NYSE:NVGS) Announces Quarterly Earnings Results

Navigator (NYSE:NVGS) issued its quarterly earnings results on Tuesday. The shipping company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01, FiscalAI reports. The business had revenue of $155.03 million during the quarter, compared to analysts’ expectations of $132.87 million. Navigator had a return on equity of 10.45% and a net margin of 22.80%.

Navigator Price Performance

Shares of NVGS stock traded up $0.19 on Tuesday, hitting $20.19. 417,406 shares of the stock traded hands, compared to its average volume of 421,366. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.55 and a beta of 0.48. Navigator has a 52 week low of $16.12 and a 52 week high of $25.48. The firm has a 50 day simple moving average of $22.73 and a two-hundred day simple moving average of $21.15. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.71 and a quick ratio of 1.62.

Insiders Place Their Bets

In other Navigator news, insider Oeyvind Lindeman sold 7,500 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $21.68, for a total value of $162,600.00. Following the completion of the sale, the insider owned 7,246 shares in the company, valued at approximately $157,093.28. This represents a 50.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter George Charles An Stokes sold 5,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $20.28, for a total value of $101,400.00. Following the completion of the sale, the director owned 6,910 shares of the company’s stock, valued at $140,134.80. The trade was a 41.98% decrease in their position. The disclosure for this sale is available in the SEC filing.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Zacks Research cut Navigator from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Navigator from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen raised shares of Navigator from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $23.00.

Navigator Company Profile

Navigator Holdings Ltd., operating under the name Navigator Gas, is a maritime transportation company that owns and operates a fleet of specialized gas carriers. The company transports liquefied petroleum gas (LPG), petrochemical gases such as ethylene and ethane, ammonia and other liquefied gases for energy, industrial and chemical customers.

Its fleet includes semi-refrigerated and fully pressurized vessels, as well as ethylene-capable carriers designed to handle cargoes requiring specialized containment and temperature controls.