Dorian LPG (NYSE:LPG) Announces Quarterly Earnings Results

Dorian LPG (NYSE:LPG) released its earnings results on Thursday. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17), Briefing.com reports. The firm had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The business’s revenue was down 43.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.85 earnings per share.

Dorian LPG Stock Performance

Shares of Dorian LPG stock opened at $29.31 on Friday. Dorian LPG has a one year low of $28.64 and a one year high of $51.66. The company has a market cap of $1.25 billion, a PE ratio of 4.97 and a beta of 1.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.58 and a current ratio of 4.22. The business has a 50-day simple moving average of $34.45 and a 200-day simple moving average of $39.29.

Dorian LPG Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, November 25th. Stockholders of record on Tuesday, November 5th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, November 5th.

Insider Transactions at Dorian LPG

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the completion of the transaction, the chief operating officer now directly owns 82,823 shares of the company’s stock, valued at approximately $2,991,566.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Dorian LPG in a research report on Thursday.

Dorian LPG Company Profile

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.