Dorian LPG (NYSE:LPG) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Dorian LPG (NYSE:LPG) posted its earnings results on Wednesday. The shipping company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10, Briefing.com reports. Dorian LPG had a return on equity of 33.59% and a net margin of 55.02%. The company had revenue of $141.40 million for the quarter, compared to analysts’ expectations of $144.25 million. During the same period last year, the firm earned $1.94 earnings per share. Dorian LPG’s quarterly revenue was up 5.8% on a year-over-year basis.

Dorian LPG Price Performance

Shares of NYSE:LPG opened at $45.72 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 3.29 and a current ratio of 3.31. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 6.07 and a beta of 1.07. The firm has a fifty day moving average price of $40.74 and a 200 day moving average price of $40.22. Dorian LPG has a fifty-two week low of $22.44 and a fifty-two week high of $49.54.

Dorian LPG Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 8th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, May 7th. Dorian LPG’s payout ratio is 26.56%.

Analyst Ratings Changes

LPG has been the subject of a number of recent research reports. StockNews.com cut Dorian LPG from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. DNB Markets lowered shares of Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price objective for the company. in a report on Friday, January 26th. Finally, Jefferies Financial Group lifted their target price on Dorian LPG from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.25.

Dorian LPG Company Profile

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