Navigator Holdings Ltd. (NYSE:NVGS) Declares Quarterly Dividend of $0.07

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Wednesday, March 11th. Investors of record on Monday, March 23rd will be paid a dividend of 0.07 per share by the shipping company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, March 23rd.

Navigator has a payout ratio of 17.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Navigator to earn $1.67 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 16.8%.

Navigator Stock Performance

NYSE:NVGS opened at $20.49 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.18 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.42 billion, a P/E ratio of 13.57, a P/E/G ratio of 1.14 and a beta of 0.37. Navigator has a fifty-two week low of $10.55 and a fifty-two week high of $21.36. The firm’s 50 day moving average is $18.99 and its two-hundred day moving average is $17.45.

Navigator (NYSE:NVGS) last announced its quarterly earnings results on Wednesday, March 11th. The shipping company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). Navigator had a net margin of 17.85% and a return on equity of 6.83%. The company had revenue of $152.83 million during the quarter, compared to analyst estimates of $136.15 million. Analysts expect that Navigator will post 1.25 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Pareto Securities assumed coverage on Navigator in a report on Tuesday, December 9th. They issued a “buy” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Navigator in a research note on Monday, December 29th. Zacks Research downgraded Navigator from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Finally, Wall Street Zen raised Navigator from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Navigator presently has an average rating of “Moderate Buy” and a consensus price target of $21.50.

Navigator Company Profile

Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company’s fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator’s vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.

Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).