Dorian LPG (NYSE:LPG) Announces Quarterly Earnings Results

Dorian LPG (NYSE:LPG) announced its quarterly earnings results on Friday. The shipping company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08, RTT News reports. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. During the same period last year, the firm posted $2.62 EPS.

Dorian LPG Stock Down 3.8 %

Shares of LPG traded down $0.96 during midday trading on Friday, reaching $24.41. The stock had a trading volume of 890,357 shares, compared to its average volume of 738,397. Dorian LPG has a 1-year low of $22.46 and a 1-year high of $51.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.22 and a quick ratio of 4.20. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 4.12 and a beta of 0.93. The company’s fifty day simple moving average is $24.42 and its two-hundred day simple moving average is $31.07.

Dorian LPG Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research report on Friday.

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.