BW LPG (NYSE:BWLP) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

BW LPG (NYSE:BWLPGet Free Report) issued its quarterly earnings results on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04, Zacks reports. The business had revenue of $127.57 million for the quarter, compared to the consensus estimate of $183.00 million.

BW LPG Price Performance

NYSE:BWLP traded up $0.08 during midday trading on Friday, reaching $11.44. 194,478 shares of the stock traded hands, compared to its average volume of 477,049. The business has a 50-day moving average of $12.09 and a two-hundred day moving average of $13.25. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.15. BW LPG has a 12-month low of $9.95 and a 12-month high of $22.31.

BW LPG Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Monday, March 10th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, March 10th. This represents a $1.68 annualized dividend and a dividend yield of 14.69%.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised shares of BW LPG from a “hold” rating to a “buy” rating in a research note on Thursday, January 30th.

Read Our Latest Stock Report on BWLP

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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