GasLog (GLOG) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS
GasLog (NASDAQ:GLOG) released its earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.04, Stock Ratings News reports. The company had revenue of $57.07 million for the quarter, compared to the consensus estimate of $58.80 million.
A number of research firms have recently commented on GLOG. Analysts at Cowen and Company raised their price target on shares of GasLog from $25.00 to $30.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of GasLog from $25.00 to $28.50 in a research note on Monday, April 21st. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of GasLog from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. They now have a $28.00 price target on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $24.62.
GasLog (NASDAQ:GLOG) opened at 25.80 on Wednesday. GasLog has a 1-year low of $12.20 and a 1-year high of $28.89. The stock has a 50-day moving average of $26.00 and a 200-day moving average of $20.45. The company has a market cap of $1.622 billion and a P/E ratio of 28.96.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 11th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.86%.
GasLog Ltd. (NASDAQ:GLOG) is an owner, operator and manager of liquefied natural gas (LNG) carriers.
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