Brokerages predict that Navigator Holdings Ltd (NYSE:NVGS) will report $62.06 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Navigator’s earnings, with the highest sales estimate coming in at $62.85 million and the lowest estimate coming in at $61.27 million. Navigator posted sales of $70.21 million during the same quarter last year, which suggests a negative year over year growth rate of 11.6%. The firm is expected to issue its next quarterly earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Navigator will report full year sales of $244.17 million for the current fiscal year, with estimates ranging from $235.99 million to $250.12 million. For the next year, analysts anticipate that the company will report sales of $282.87 million per share, with estimates ranging from $264.52 million to $304.96 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Navigator.

Navigator (NYSE:NVGS) last issued its quarterly earnings results on Monday, August 6th. The shipping company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.09). Navigator had a negative return on equity of 0.22% and a negative net margin of 0.72%. The firm had revenue of $73.20 million for the quarter, compared to the consensus estimate of $62.32 million. During the same period last year, the company posted $0.04 EPS. The business’s revenue was down 1.6% on a year-over-year basis.

NVGS has been the subject of a number of recent analyst reports. ValuEngine raised shares of Navigator from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 27th. Zacks Investment Research downgraded shares of Navigator from a “hold” rating to a “strong sell” rating in a report on Saturday, July 28th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Navigator currently has an average rating of “Hold” and a consensus price target of $14.67.

Shares of Navigator stock remained flat at $$12.05 on Wednesday. 131,075 shares of the stock were exchanged, compared to its average volume of 85,646. Navigator has a 12 month low of $9.25 and a 12 month high of $13.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.85 and a current ratio of 0.91. The company has a market cap of $670.66 million, a P/E ratio of 75.31, a PEG ratio of 44.63 and a beta of 1.15.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Navigator by 18.1% in the 1st quarter. Wells Fargo & Company MN now owns 1,168,907 shares of the shipping company’s stock valued at $13,734,000 after purchasing an additional 179,316 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in Navigator by 34.1% in the 1st quarter. Frontier Capital Management Co. LLC now owns 916,118 shares of the shipping company’s stock valued at $10,764,000 after purchasing an additional 233,178 shares during the last quarter. Frontier Investment Mgmt Co. lifted its stake in Navigator by 42.8% in the 1st quarter. Frontier Investment Mgmt Co. now owns 357,461 shares of the shipping company’s stock valued at $4,200,000 after purchasing an additional 107,199 shares during the last quarter. First Mercantile Trust Co. lifted its stake in Navigator by 215.2% in the 1st quarter. First Mercantile Trust Co. now owns 17,762 shares of the shipping company’s stock valued at $209,000 after purchasing an additional 12,126 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Navigator by 4.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 198,583 shares of the shipping company’s stock valued at $2,333,000 after purchasing an additional 8,000 shares during the last quarter. 69.90% of the stock is owned by institutional investors.

Navigator Company Profile

Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.

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