Wall Street brokerages expect that Dorian LPG (NYSE:LPG) will announce $44.52 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Dorian LPG’s earnings, with the highest sales estimate coming in at $50.20 million and the lowest estimate coming in at $38.83 million. Dorian LPG posted sales of $47.59 million in the same quarter last year, which suggests a negative year over year growth rate of 6.5%. The firm is scheduled to announce its next earnings report on Wednesday, June 13th.

On average, analysts expect that Dorian LPG will report full year sales of $162.92 million for the current financial year, with estimates ranging from $157.23 million to $168.60 million. For the next fiscal year, analysts expect that the firm will report sales of $159.16 million per share. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Dorian LPG.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, February 1st. The shipping company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.15. Dorian LPG had a negative net margin of 8.92% and a negative return on equity of 2.29%. The company had revenue of $44.55 million for the quarter, compared to the consensus estimate of $36.59 million. During the same quarter in the prior year, the firm earned ($0.36) earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Dorian LPG from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Clarkson Capital raised shares of Dorian LPG from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Dorian LPG has an average rating of “Hold” and a consensus price target of $9.17.

In other news, CEO John Lycouris sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $8.00, for a total value of $48,000.00. Following the completion of the transaction, the chief executive officer now owns 216,065 shares of the company’s stock, valued at $1,728,520. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Group Ltd Bw acquired 726,460 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was purchased at an average cost of $7.53 per share, with a total value of $5,470,243.80. The disclosure for this purchase can be found here. Insiders own 26.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Dorian LPG in the fourth quarter valued at approximately $105,000. Macquarie Group Ltd. acquired a new position in shares of Dorian LPG in the third quarter valued at approximately $120,000. Virtu Financial LLC acquired a new position in shares of Dorian LPG in the fourth quarter valued at approximately $163,000. The Manufacturers Life Insurance Company increased its position in Dorian LPG by 1,041.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 20,004 shares of the shipping company’s stock worth $164,000 after purchasing an additional 18,252 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Dorian LPG during the third quarter worth approximately $199,000. 52.24% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE LPG traded down $0.11 on Wednesday, hitting $7.99. The company’s stock had a trading volume of 102,663 shares, compared to its average volume of 352,846. Dorian LPG has a 12-month low of $6.20 and a 12-month high of $9.60. The company has a market capitalization of $446.51, a PE ratio of -14.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.65 and a quick ratio of 0.63.

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Dorian LPG Company Profile

Dorian LPG Ltd. operates as a liquefied petroleum gas (LPG) shipping company worldwide. The company engages in the transportation of LPG. It primarily serves energy companies and commodity traders through its fleet of 22 very large gas carriers with an aggregate carrying capacity of approximately 1.8 million cubic meters.

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