Dorian LPG (LPG) to Release Quarterly Earnings on Thursday

Dorian LPG (NYSE:LPGGet Free Report) will announce its earnings results before the market opens on Thursday, February 1st. Analysts expect the company to announce earnings of $2.27 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Dorian LPG (NYSE:LPGGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The shipping company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.12. Dorian LPG had a net margin of 51.81% and a return on equity of 28.85%. The business had revenue of $144.70 million for the quarter, compared to analysts’ expectations of $135.02 million. On average, analysts expect Dorian LPG to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Dorian LPG Stock Performance

Shares of LPG opened at $38.86 on Wednesday. Dorian LPG has a 12 month low of $19.05 and a 12 month high of $49.54. The business’s fifty day simple moving average is $42.89 and its two-hundred day simple moving average is $34.13. The company has a current ratio of 2.63, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 6.01 and a beta of 1.15.

Dorian LPG Announces Dividend

The firm also recently announced a None dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Monday, February 5th will be paid a $1.00 dividend. The ex-dividend date is Friday, February 2nd. Dorian LPG’s payout ratio is 47.39%.

Insider Buying and Selling at Dorian LPG

In related news, insider Tim Truels Hansen sold 25,000 shares of Dorian LPG stock in a transaction on Monday, November 6th. The shares were sold at an average price of $37.61, for a total transaction of $940,250.00. Following the sale, the insider now directly owns 186,866 shares in the company, valued at approximately $7,028,030.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Tim Truels Hansen sold 25,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $37.61, for a total transaction of $940,250.00. Following the sale, the insider now owns 186,866 shares of the company’s stock, valued at $7,028,030.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John C. Hadjipateras bought 5,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was bought at an average price of $42.58 per share, with a total value of $212,900.00. Following the completion of the acquisition, the chief executive officer now owns 1,777,740 shares of the company’s stock, valued at approximately $75,696,169.20. The disclosure for this purchase can be found here. Insiders have sold a total of 69,129 shares of company stock valued at $2,755,736 over the last quarter. 15.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dorian LPG

Institutional investors and hedge funds have recently made changes to their positions in the company. Quilter Plc acquired a new stake in Dorian LPG during the 1st quarter worth about $745,743,000. Quarry LP boosted its stake in Dorian LPG by 79.3% in the 2nd quarter. Quarry LP now owns 1,325 shares of the shipping company’s stock valued at $34,000 after buying an additional 586 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Dorian LPG by 43.8% during the second quarter. PNC Financial Services Group Inc. now owns 1,412 shares of the shipping company’s stock worth $36,000 after buying an additional 430 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Dorian LPG by 134.6% in the first quarter. Captrust Financial Advisors now owns 1,715 shares of the shipping company’s stock worth $25,000 after acquiring an additional 984 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Dorian LPG by 30.7% during the first quarter. NewEdge Advisors LLC now owns 2,412 shares of the shipping company’s stock worth $48,000 after purchasing an additional 566 shares in the last quarter. 64.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LPG has been the subject of a number of analyst reports. StockNews.com raised Dorian LPG from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Jefferies Financial Group upgraded Dorian LPG from a “hold” rating to a “buy” rating and boosted their target price for the stock from $37.00 to $50.00 in a report on Monday, November 20th. DNB Markets cut Dorian LPG from a “buy” rating to a “hold” rating and set a $44.00 price target for the company. in a report on Friday, January 26th. Finally, Pareto Securities upgraded shares of Dorian LPG from a “hold” rating to a “buy” rating and raised their price objective for the stock from $27.00 to $35.00 in a research report on Monday, October 16th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.25.

Read Our Latest Report on Dorian LPG

Dorian LPG Company Profile

(Get Free Report)

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

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Earnings History for Dorian LPG (NYSE:LPG)

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