Dorian LPG (NYSE:LPG - Get Free Report) announced its quarterly earnings data on Friday. The shipping company reported $0.43 earnings per share (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 15.11% and a net margin of 38.51%. During the same period in the previous year, the firm posted $2.62 earnings per share.
Dorian LPG Trading Up 4.1 %
Shares of Dorian LPG stock traded up $0.98 during trading hours on Tuesday, reaching $24.95. 1,498,440 shares of the company's stock were exchanged, compared to its average volume of 814,895. 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 $1.07 billion, a price-to-earnings ratio of 6.35 and a beta of 0.91. The company has a fifty day moving average of $24.36 and a 200-day moving average of $30.72. Dorian LPG has a 52-week low of $22.46 and a 52-week high of $51.66.
Dorian LPG Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, February 27th. Shareholders of record on Wednesday, February 5th will be paid a dividend of $0.70 per share. The ex-dividend date is Wednesday, February 5th.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a $35.00 price target on shares of Dorian LPG in a report on Friday.
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About Dorian LPG
(
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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.
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