Dorian LPG (NYSE:LPG – Get Free Report) announced its quarterly earnings results on Wednesday. The shipping company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.10, Briefing.com reports. The business had revenue of $141.40 million during the quarter, compared to the consensus estimate of $144.25 million. Dorian LPG had a net margin of 55.02% and a return on equity of 33.59%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 EPS.
Dorian LPG Stock Performance
Dorian LPG stock 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. Dorian LPG has a one year low of $22.44 and a one year high of $49.54. The stock’s 50 day moving average price is $40.74 and its 200 day moving average price is $40.22. The firm has a market capitalization of $1.86 billion, a PE ratio of 6.07 and a beta of 1.07.
Dorian LPG Announces Dividend
The business also recently announced a None dividend, which will be paid on Thursday, May 30th. Stockholders of record on Wednesday, May 8th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 7th. Dorian LPG’s dividend payout ratio (DPR) is currently 26.56%.
Analyst Upgrades and Downgrades
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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.
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