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

Dorian LPG (NYSE:LPG - Get Free Report) posted its earnings results on Thursday. The shipping company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.17), Briefing.com reports. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The company had revenue of $82.40 million for the quarter, compared to the consensus estimate of $82.40 million. During the same period in the previous year, the firm posted $1.85 EPS. The business's quarterly revenue was down 43.1% compared to the same quarter last year.

Dorian LPG Trading Up 1.6 %

Shares of LPG stock traded up $0.46 during trading hours on Friday, hitting $29.31. 600,599 shares of the company's stock traded hands, compared to its average volume of 754,924. The stock has a market cap of $1.25 billion, a PE ratio of 3.81 and a beta of 0.98. The stock's 50 day simple moving average is $34.63 and its 200 day simple moving average is $39.35. The company has a quick ratio of 4.58, a current ratio of 4.60 and a debt-to-equity ratio of 0.48. Dorian LPG has a 12 month low of $28.64 and a 12 month high of $51.66.

Dorian LPG Dividend Announcement

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

Insider Buying and Selling

In related news, COO Alexander C. Hadjipateras sold 2,500 shares of the firm's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $36.12, for a total transaction of $90,300.00. Following the completion of the transaction, the chief operating officer now directly owns 82,823 shares of the company's stock, valued at $2,991,566.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a "buy" rating and set a $42.00 price objective on shares of Dorian LPG in a research report on Thursday.

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.