Dorian LPG (NYSE:LPG) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Dorian LPG (NYSE:LPG) announced its quarterly earnings results on Friday. The shipping company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08, RTT News reports. Dorian LPG had a return on equity of 23.75% and a net margin of 47.87%. During the same period in the prior year, the business earned $2.62 earnings per share.

Dorian LPG Price Performance

Dorian LPG stock traded down $1.07 during midday trading on Friday, reaching $24.30. 921,959 shares of the company were exchanged, compared to its average volume of 739,387. Dorian LPG has a 1 year low of $22.46 and a 1 year high of $51.66. The firm’s 50-day simple moving average is $24.42 and its 200-day simple moving average is $31.07. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 4.13 and a beta of 0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 4.20 and a current ratio of 4.22.

Dorian LPG Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, February 5th.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a $35.00 target price on shares of Dorian LPG in a research report on Friday.

About Dorian LPG

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.