Navigator Holdings Ltd. (NYSE:NVGS) to Issue $0.05 Quarterly Dividend

Key Points

• Navigator Holdings Ltd. announced a quarterly dividend of $0.05 per share, with stockholders of record set to receive it on September 17th.
• The company's earnings report showed an EPS of $0.14, which was below the consensus estimate of $0.36, despite revenue exceeding expectations at $129.64 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Navigator, with an average target price of $21.50.

Navigator Holdings Ltd. (NYSE:NVGS - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, Wall Street Journal reports. Investors of record on Thursday, August 28th will be given a dividend of 0.05 per share by the shipping company on Wednesday, September 17th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 28th.

Navigator has a payout ratio of 12.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Navigator to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 12.0%.

Navigator Stock Up 0.7%

NYSE:NVGS traded up $0.12 during trading hours on Monday, hitting $15.84. 34,874 shares of the stock traded hands, compared to its average volume of 373,496. Navigator has a fifty-two week low of $10.55 and a fifty-two week high of $17.52. The company has a current ratio of 1.59, a quick ratio of 1.53 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.48 and a beta of 0.74. The firm has a 50 day moving average price of $15.29 and a 200 day moving average price of $14.46.

Navigator (NYSE:NVGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.22). The company had revenue of $129.64 million during the quarter, compared to analyst estimates of $126.73 million. Navigator had a return on equity of 6.56% and a net margin of 15.57%. Equities research analysts anticipate that Navigator will post 1.25 earnings per share for the current year.

Navigator Company Profile

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.