BW LPG (NYSE:BWLP) Posts Quarterly Earnings Results, Misses Estimates By $0.19 EPS
BW LPG reported quarterly earnings of $0.38 per share, missing the consensus estimate of $0.57. Revenue was $279.98 million, exceeding the expected $242.92 million. The company has a net margin of 6.09% and a return on equity of 11.70%. Analysts have given BW LPG a Moderate Buy rating, with institutional investors adjusting their positions in the company.
BW LPG (NYSE:BWLP - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.19), Zacks reports. BW LPG had a net margin of 6.09% and a return on equity of 11.70%. The business had revenue of $279.98 million during the quarter, compared to analyst estimates of $242.92 million.
BW LPG Price Performance
NYSE:BWLP opened at $12.54 on Tuesday. BW LPG has a 52 week low of $7.86 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.22 and a current ratio of 1.27. The firm's 50-day simple moving average is $13.17 and its 200 day simple moving average is $13.28. The firm has a market cap of $1.65 billion and a price-to-earnings ratio of 8.14.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of BW LPG in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, BW LPG has an average rating of "Moderate Buy".
Check Out Our Latest Report on BWLP
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC boosted its stake in shares of BW LPG by 14.0% in the first quarter. Jane Street Group LLC now owns 51,463 shares of the company's stock valued at $558,000 after buying an additional 6,331 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of BW LPG by 506.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,171 shares of the company's stock worth $731,000 after purchasing an additional 42,736 shares in the last quarter. Legal & General Group Plc increased its position in shares of BW LPG by 11.7% in the third quarter. Legal & General Group Plc now owns 130,881 shares of the company's stock worth $1,871,000 after purchasing an additional 13,701 shares during the period. Ameriprise Financial Inc. raised its stake in BW LPG by 12.1% in the third quarter. Ameriprise Financial Inc. now owns 2,530,196 shares of the company's stock valued at $36,131,000 after purchasing an additional 272,882 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in BW LPG by 357.0% in the third quarter. Lazard Asset Management LLC now owns 174,289 shares of the company's stock valued at $2,490,000 after purchasing an additional 136,154 shares in the last quarter.
BW LPG Company Profile
(Get Free Report)BW LPG Limited, an investment holding company, engages in ship owning and chartering activities worldwide. The company operates through Shipping and Product Services segments. The company involved in the transportation of liquefied petroleum gas to oil companies, and trading and utility companies. It also offers integrated liquified petroleum gas (LPG) delivery services and support; wholesale and trade of LPG; and management services.
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