Navigator (NYSE:NVGS) Posts Earnings Results, Beats Expectations By $0.01 EPS

Key Points

• Navigator reported quarterly EPS of $0.41, beating the $0.40 consensus, while revenue of $155.03 million exceeded estimates of $132.87 million.
• Analysts’ average rating is “Moderate Buy”, with an average price target of $23; shares traded at $20.19 on Tuesday.
• Two company insiders sold shares: Director Peter Stokes sold 5,000, and insider Oeyvind Lindeman sold 7,500.

Navigator (NYSE:NVGS - Get Free Report) announced its quarterly earnings results on Tuesday. The shipping company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01, FiscalAI reports. Navigator had a net margin of 22.80% and a return on equity of 10.45%. The firm had revenue of $155.03 million for the quarter, compared to the consensus estimate of $132.87 million.

Navigator Stock Performance

Shares of NYSE NVGS traded up $0.19 during midday trading on Tuesday, hitting $20.19. 417,406 shares of the company's stock traded hands, compared to its average volume of 421,366. Navigator has a 1 year low of $16.12 and a 1 year high of $25.48. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.55 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.62 and a current ratio of 1.71. The firm has a fifty day moving average of $22.73 and a 200 day moving average of $21.15.

Insider Activity at Navigator

In related news, Director Peter George Charles An Stokes sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $20.28, for a total transaction of $101,400.00. Following the completion of the sale, the director directly owned 6,910 shares in the company, valued at approximately $140,134.80. The trade was a 41.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Oeyvind Lindeman sold 7,500 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $21.68, for a total transaction of $162,600.00. Following the sale, the insider directly owned 7,246 shares of the company's stock, valued at approximately $157,093.28. This represents a 50.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Wall Street Analysts Forecast Growth

NVGS has been the subject of several research reports. Weiss Ratings raised shares of Navigator from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 5th. Zacks Research cut shares of Navigator from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, Wall Street Zen raised shares of Navigator from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.00.

About Navigator

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.

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