Analysts expect that Dorian LPG Ltd (NYSE:LPG) will post $38.32 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Dorian LPG’s earnings, with the lowest sales estimate coming in at $35.53 million and the highest estimate coming in at $41.10 million. Dorian LPG reported sales of $34.73 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is scheduled to report its next quarterly earnings results on Friday, November 2nd.
According to Zacks, analysts expect that Dorian LPG will report full-year sales of $138.84 million for the current year, with estimates ranging from $131.18 million to $146.50 million. For the next year, analysts expect that the company will report sales of $168.51 million per share, with estimates ranging from $160.80 million to $176.21 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Dorian LPG.
Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, August 9th. The shipping company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.19). The company had revenue of $27.64 million for the quarter, compared to analysts’ expectations of $36.89 million. Dorian LPG had a negative net margin of 23.51% and a negative return on equity of 4.90%.
A number of brokerages recently commented on LPG. ValuEngine upgraded shares of Dorian LPG from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Zacks Investment Research cut shares of Dorian LPG from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th.
Shares of Dorian LPG stock traded down $0.02 on Monday, hitting $7.30. 1,755 shares of the company traded hands, compared to its average volume of 96,021. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.22 and a current ratio of 1.25. The stock has a market cap of $420.30 million, a P/E ratio of -11.79 and a beta of 1.01. Dorian LPG has a 12-month low of $6.78 and a 12-month high of $8.80.
Several hedge funds have recently added to or reduced their stakes in LPG. Bank of New York Mellon Corp boosted its stake in Dorian LPG by 7.6% during the second quarter. Bank of New York Mellon Corp now owns 102,979 shares of the shipping company’s stock worth $787,000 after acquiring an additional 7,278 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Dorian LPG by 8.1% in the second quarter. California Public Employees Retirement System now owns 98,748 shares of the shipping company’s stock worth $754,000 after buying an additional 7,420 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Dorian LPG by 17.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 61,682 shares of the shipping company’s stock worth $507,000 after buying an additional 9,015 shares in the last quarter. Barclays PLC lifted its stake in shares of Dorian LPG by 127.0% in the first quarter. Barclays PLC now owns 17,837 shares of the shipping company’s stock worth $134,000 after buying an additional 9,980 shares in the last quarter. Finally, Element Capital Management LLC bought a new position in shares of Dorian LPG in the first quarter worth approximately $105,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.
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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