Dorian LPG (NYSE:LPG) Issues Earnings Results, Misses Expectations By $0.17 EPS

Dorian LPG (NYSE:LPG) issued its quarterly earnings data 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. The company had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $82.40 million. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The business’s revenue for the quarter was down 43.1% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS.

Dorian LPG Stock Performance

Shares of LPG stock traded up $0.67 during mid-day trading on Friday, reaching $29.52. 224,916 shares of the company’s stock traded hands, compared to its average volume of 753,088. The firm has a 50 day moving average price of $34.63 and a two-hundred day moving average price of $39.35. The firm has a market capitalization of $1.26 billion, a PE ratio of 3.81 and a beta of 0.98. 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 quick ratio of 4.58 and a current ratio of 4.60.

Dorian LPG Announces Dividend

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, COO Alexander C. Hadjipateras sold 2,500 shares of Dorian LPG stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $36.12, for a total value of $90,300.00. Following the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 13.40% of the company’s stock.

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.