Dorian LPG (LPG) to Release Earnings on Thursday

Dorian LPG (NYSE:LPG) is expected to be releasing its earnings data before the market opens on Thursday, February 6th. Analysts expect Dorian LPG to post earnings of $0.35 per share and revenue of $90.16 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Dorian LPG (NYSE:LPG) last posted its quarterly earnings data on Thursday, October 31st. The shipping company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.17). Dorian LPG had a net margin of 47.87% and a return on equity of 23.75%. The company had revenue of $82.40 million during the quarter, compared to analyst estimates of $82.40 million. During the same quarter in the previous year, the business posted $1.85 EPS. The company’s revenue was down 43.1% compared to the same quarter last year. On average, analysts expect Dorian LPG to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dorian LPG Price Performance

Shares of LPG stock opened at $24.63 on Thursday. The company has a current ratio of 4.22, a quick ratio of 4.20 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 4.17 and a beta of 0.93. The firm’s 50 day moving average is $24.44 and its 200-day moving average is $31.16. Dorian LPG has a 1 year low of $22.46 and a 1 year high of $51.66.

Dorian LPG Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be given a $0.70 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. Dorian LPG’s payout ratio is 16.95%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Dorian LPG in a research note on Thursday, October 31st.

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.