Dorian LPG (NYSE:LPG) Releases Earnings Results, Misses Estimates By $0.17 EPS

Dorian LPG (NYSE:LPG) released its earnings results on Thursday. The shipping company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17), Briefing.com reports. Dorian LPG had a net margin of 54.48% and a return on equity of 30.64%. The company had revenue of $82.40 million for the quarter, compared to analyst estimates of $82.40 million. During the same quarter in the previous year, the firm earned $1.85 EPS. The firm’s revenue was down 43.1% on a year-over-year basis.

Dorian LPG Stock Up 1.6 %

Shares of NYSE LPG traded up $0.46 during trading on Friday, hitting $29.31. The stock had a trading volume of 600,611 shares, compared to its average volume of 754,716. Dorian LPG has a 12 month low of $28.64 and a 12 month high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.60 and a quick ratio of 4.58. The company has a market capitalization of $1.25 billion, a PE ratio of 3.81 and a beta of 0.98. The firm has a fifty day moving average of $34.63 and a two-hundred day moving average of $39.35.

Dorian LPG Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, November 5th. Dorian LPG’s payout ratio is 13.21%.

Insider Transactions at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $36.12, for a total value of $90,300.00. Following the completion of the sale, the chief operating officer now owns 82,823 shares in the company, valued at $2,991,566.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 13.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and set a $42.00 price objective on shares of Dorian LPG in a report on Thursday.

About Dorian LPG

Dorian LPG Ltd., together with its subsidiaries, engages in the transportation of liquefied petroleum gas through its LPG tankers worldwide. It owns and operates twenty-five very large gas carriers. The company was incorporated in 2013 and is headquartered in Stamford, Connecticut.