Dorian LPG (LPG) Set to Announce Earnings on Thursday

Dorian LPG (NYSE:LPG - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Dorian LPG (NYSE:LPG - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The shipping company reported $1.26 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.23. Dorian LPG had a return on equity of 30.64% and a net margin of 54.48%. The firm had revenue of $114.30 million during the quarter, compared to analyst estimates of $113.70 million. During the same period last year, the company earned $1.21 earnings per share. The business's revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts expect Dorian LPG to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Dorian LPG Stock Performance

Shares of NYSE:LPG traded up $0.67 during midday trading on Friday, reaching $31.04. 484,129 shares of the company traded hands, compared to its average volume of 757,169. The firm's fifty day moving average price is $35.21 and its two-hundred day moving average price is $39.61. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 4.10 and a beta of 0.98. 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 $30.06 and a 12 month high of $51.66.

Dorian LPG Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, November 25th. Shareholders of record on Tuesday, November 5th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, November 5th.

Insider Activity

In related news, COO Alexander C. Hadjipateras sold 2,500 shares of the company's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $36.12, for a total value of $90,300.00. Following the transaction, the chief operating officer now directly owns 82,823 shares in the company, valued at approximately $2,991,566.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.40% of the company's stock.

Analyst Ratings Changes

Separately, DNB Markets raised shares of Dorian LPG from a "hold" rating to a "buy" rating and set a $52.00 price target on the stock in a report on Wednesday, July 3rd.

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.