BW LPG (NYSE:BWLP) Releases Earnings Results, Beats Expectations By $0.04 EPS

BW LPG (NYSE:BWLP) posted its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04, Zacks reports. The company had revenue of $127.57 million for the quarter, compared to analyst estimates of $183.00 million.

BW LPG Stock Up 0.7 %

BWLP traded up $0.08 on Friday, reaching $11.44. 194,478 shares of the stock were exchanged, compared to its average volume of 477,049. The company’s 50-day moving average price is $12.09 and its 200 day moving average price is $13.25. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.16 and a current ratio of 1.34. BW LPG has a fifty-two week low of $9.95 and a fifty-two week high of $22.31.

BW LPG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 10th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.68 dividend on an annualized basis and a yield of 14.69%.

Analyst Ratings Changes

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th.

BW LPG Company Profile

BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.