Analysts expect Dorian LPG Ltd (NYSE:LPG) to report earnings per share (EPS) of ($0.12) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Dorian LPG’s earnings. The lowest EPS estimate is ($0.12) and the highest is ($0.11). Dorian LPG reported earnings per share of $0.02 in the same quarter last year, which would indicate a negative year-over-year growth rate of 700%. The business is expected to report its next quarterly earnings results on Wednesday, June 13th.
According to Zacks, analysts expect that Dorian LPG will report full-year earnings of ($0.55) per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of ($0.49) per share, with EPS estimates ranging from ($0.51) to ($0.46). Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Dorian LPG.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, February 1st. The shipping company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.15. Dorian LPG had a negative return on equity of 2.29% and a negative net margin of 8.92%. The firm had revenue of $44.55 million during the quarter, compared to the consensus estimate of $36.59 million. During the same period in the prior year, the company earned ($0.36) EPS. The firm’s revenue was up 24.8% compared to the same quarter last year.
A number of analysts have issued reports on LPG shares. Zacks Investment Research raised Dorian LPG from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Thursday, January 4th. Clarkson Capital raised Dorian LPG from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Finally, ValuEngine downgraded Dorian LPG from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Dorian LPG currently has an average rating of “Hold” and a consensus target price of $9.17.
Dorian LPG (LPG) opened at $7.94 on Tuesday. Dorian LPG has a 52 week low of $6.20 and a 52 week high of $11.28. The company has a market capitalization of $428.32, a price-to-earnings ratio of -29.41 and a beta of 1.02. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.62.
In other Dorian LPG news, major shareholder Group Ltd Bw purchased 726,460 shares of the stock in a transaction dated Monday, January 29th. The stock was acquired at an average cost of $7.53 per share, for a total transaction of $5,470,243.80. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 26.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC grew its holdings in shares of Dorian LPG by 21.3% during the 2nd quarter. Voya Investment Management LLC now owns 15,747 shares of the shipping company’s stock worth $129,000 after purchasing an additional 2,763 shares during the period. Teachers Advisors LLC grew its holdings in shares of Dorian LPG by 18.3% during the 4th quarter. Teachers Advisors LLC now owns 42,770 shares of the shipping company’s stock worth $352,000 after purchasing an additional 6,609 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Dorian LPG by 15.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 49,470 shares of the shipping company’s stock worth $407,000 after purchasing an additional 6,767 shares during the period. California Public Employees Retirement System grew its holdings in shares of Dorian LPG by 10.6% during the 4th quarter. California Public Employees Retirement System now owns 91,330 shares of the shipping company’s stock worth $751,000 after purchasing an additional 8,730 shares during the period. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Dorian LPG by 17.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 61,682 shares of the shipping company’s stock worth $507,000 after purchasing an additional 9,015 shares during the period. Institutional investors and hedge funds own 52.20% of the company’s stock.
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About Dorian LPG
Dorian LPG Ltd. is a holding company. The Company, through its subsidiaries, is focused on owning and operating very large gas carrier (VLGCs) in the liquefied petroleum gas (LPG) shipping industry. The Company is engaged in the transportation of LPG across the world through its ownership and operation of LPG tankers.
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