Wall Street analysts expect that Dorian LPG Ltd (NYSE:LPG) will announce earnings per share (EPS) of ($0.15) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Dorian LPG’s earnings. The lowest EPS estimate is ($0.18) and the highest is ($0.12). Dorian LPG reported earnings per share of ($0.18) during the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, May 23rd.
According to Zacks, analysts expect that Dorian LPG will report full-year earnings of ($0.73) per share for the current year, with EPS estimates ranging from ($0.76) to ($0.69). For the next fiscal year, analysts forecast that the company will report earnings of ($0.02) per share, with EPS estimates ranging from ($0.05) to $0.01. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Dorian LPG.
LPG has been the subject of several research reports. DNB Markets raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research raised shares of Dorian LPG from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research note on Tuesday, February 12th. Finally, ValuEngine raised shares of Dorian LPG from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th.
In other Dorian LPG news, Director Christina Tan acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average price of $5.85 per share, with a total value of $29,250.00. Following the purchase, the director now owns 72,729 shares in the company, valued at $425,464.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John C. Hadjipateras acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 29th. The shares were acquired at an average cost of $6.43 per share, with a total value of $128,600.00. Following the purchase, the chief executive officer now owns 1,924,678 shares in the company, valued at approximately $12,375,679.54. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 32,500 shares of company stock valued at $215,825. 26.40% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in shares of Dorian LPG by 72.9% in the 4th quarter. Mackenzie Financial Corp now owns 19,100 shares of the shipping company’s stock valued at $111,000 after buying an additional 8,050 shares during the period. BlackRock Inc. grew its stake in shares of Dorian LPG by 0.4% in the 3rd quarter. BlackRock Inc. now owns 1,755,254 shares of the shipping company’s stock valued at $13,988,000 after buying an additional 6,691 shares during the period. Royce & Associates LP grew its stake in shares of Dorian LPG by 5.8% in the 4th quarter. Royce & Associates LP now owns 2,471,171 shares of the shipping company’s stock valued at $14,407,000 after buying an additional 136,032 shares during the period. RBF Capital LLC purchased a new stake in shares of Dorian LPG in the 4th quarter valued at approximately $544,000. Finally, Vanguard Group Inc grew its stake in shares of Dorian LPG by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 512,641 shares of the shipping company’s stock valued at $4,086,000 after buying an additional 5,047 shares during the period. 55.17% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE LPG opened at $8.00 on Friday. Dorian LPG has a 12-month low of $5.26 and a 12-month high of $8.80. The stock has a market cap of $436.26 million, a P/E ratio of -12.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.17 and a quick ratio of 1.14.
About Dorian LPG
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 very large gas carriers (VLGCs). As of June 26, 2018, its fleet consisted of 22 VLGCs with carrying capacity of approximately 1.8 million cubic meters.
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