Dorian LPG (NYSE:LPG) Posts Earnings Results, Beats Expectations By $0.08 EPS

Dorian LPG (NYSE:LPG - Get Free Report) posted its quarterly earnings data on Thursday. The shipping company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08, Zacks reports. Dorian LPG had a return on equity of 15.14% and a net margin of 38.51%. The company had revenue of $75.89 million for the quarter, compared to analysts' expectations of $79.04 million. During the same period in the previous year, the firm posted $1.91 EPS. Dorian LPG's revenue was down 46.3% compared to the same quarter last year.

Dorian LPG Price Performance

Shares of NYSE:LPG traded up $0.69 during midday trading on Tuesday, hitting $22.24. The company had a trading volume of 294,603 shares, compared to its average volume of 796,546. Dorian LPG has a twelve month low of $16.66 and a twelve month high of $51.66. The stock has a market cap of $951.96 million, a price-to-earnings ratio of 5.66 and a beta of 0.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.97 and a quick ratio of 3.95. The business's 50-day simple moving average is $21.40 and its 200-day simple moving average is $22.95.

Dorian LPG Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 13.5%. Dorian LPG's dividend payout ratio (DPR) is presently 25.45%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Pareto Securities upgraded Dorian LPG to a "buy" rating in a research report on Tuesday, February 4th. Wall Street Zen lowered Dorian LPG from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $35.00 target price on shares of Dorian LPG in a research note on Friday, January 31st.

Insiders Place Their Bets

In related news, CEO John C. Hadjipateras bought 12,500 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was acquired at an average cost of $17.75 per share, with a total value of $221,875.00. Following the purchase, the chief executive officer now directly owns 1,824,386 shares of the company's stock, valued at $32,382,851.50. The trade was a 0.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LPG. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Dorian LPG by 50.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 178,039 shares of the shipping company's stock worth $3,977,000 after purchasing an additional 59,311 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Dorian LPG by 130.6% during the 1st quarter. Jane Street Group LLC now owns 133,850 shares of the shipping company's stock worth $2,990,000 after buying an additional 75,818 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Dorian LPG by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,603 shares of the shipping company's stock valued at $483,000 after buying an additional 914 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Dorian LPG by 1,003.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,446 shares of the shipping company's stock valued at $32,000 after buying an additional 1,315 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

Dorian LPG Company Profile

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