Navigator Holdings Ltd. Declares Quarterly Dividend of $0.05 (NYSE:NVGS)

Navigator Holdings Ltd. (NYSE:NVGS) declared a quarterly dividend on Wednesday, November 6th,NASDAQ Dividends reports. Investors of record on Monday, November 25th will be given a dividend of 0.05 per share by the shipping company on Tuesday, December 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Monday, November 25th.

Navigator has a dividend payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Navigator to earn $1.87 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 10.7%.

Navigator Trading Down 1.9 %

NYSE NVGS traded down $0.31 on Thursday, reaching $15.68. The stock had a trading volume of 397,832 shares, compared to its average volume of 200,482. The company has a quick ratio of 1.13, a current ratio of 1.19 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $16.00 and a two-hundred day moving average price of $16.31. Navigator has a 12-month low of $13.72 and a 12-month high of $18.18. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 13.88 and a beta of 1.50.

Navigator (NYSE:NVGS) last issued its quarterly earnings data on Wednesday, August 14th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. Navigator had a return on equity of 7.35% and a net margin of 14.76%. The business had revenue of $129.55 million during the quarter, compared to analysts’ expectations of $117.92 million. As a group, sell-side analysts forecast that Navigator will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NVGS shares. Jefferies Financial Group restated a “buy” rating and issued a $20.00 price objective on shares of Navigator in a report on Thursday. Citigroup initiated coverage on Navigator in a research report on Wednesday, July 31st. They set a “buy” rating and a $22.00 price objective on the stock. Clarkson Capital raised Navigator from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, August 22nd. Alliance Global Partners initiated coverage on Navigator in a research report on Monday, October 28th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, DNB Markets started coverage on Navigator in a research note on Thursday, September 12th. They issued a “buy” rating and a $22.00 price objective for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.60.

Navigator Company Profile

Navigator Holdings Ltd. engages in owning and operating a fleet of liquefied gas carriers worldwide. It provides international and regional seaborne transportation services of petrochemical gases, liquefied petroleum gases, and ammonia for energy companies, industrial users, and commodity traders. The company also offers ship shore infrastructure and consultancy services.