Zacks: Brokerages Anticipate GasLog Ltd (GLOG) Will Announce Earnings of -$0.01 Per Share
Wall Street analysts forecast that GasLog Ltd (NYSE:GLOG) will announce earnings per share of ($0.01) for the current quarter, Zacks reports. Five analysts have made estimates for GasLog’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at ($0.06). GasLog also reported earnings of ($0.01) per share in the same quarter last year. The firm is scheduled to issue its next earnings results on Thursday, August 3rd.
On average, analysts expect that GasLog will report full-year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from ($0.03) to $0.41. For the next fiscal year, analysts forecast that the firm will report earnings of $0.62 per share, with EPS estimates ranging from $0.06 to $1.33. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover GasLog.
GasLog (NYSE:GLOG) last issued its quarterly earnings data on Friday, May 5th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. GasLog had a negative net margin of 10.57% and a negative return on equity of 0.14%. The company had revenue of $128.30 million during the quarter, compared to the consensus estimate of $129.35 million. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year.
A number of research analysts recently issued reports on the stock. Citigroup Inc upgraded shares of GasLog from a “neutral” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, February 15th. Zacks Investment Research downgraded shares of GasLog from a “buy” rating to a “hold” rating in a research report on Wednesday, February 22nd. Seaport Global Securities upgraded shares of GasLog from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $23.00 in a research report on Tuesday, February 21st. JPMorgan Chase & Co. upgraded shares of GasLog from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $14.00 in a research report on Tuesday, February 21st. Finally, Credit Suisse Group AG assumed coverage on shares of GasLog in a research report on Tuesday, April 25th. They set an “outperform” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.43.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new position in GasLog during the first quarter valued at $161,000. Tudor Investment Corp ET AL acquired a new position in GasLog during the first quarter valued at $182,000. Russell Investments Group Ltd. acquired a new position in GasLog during the fourth quarter valued at $204,000. Advisory Services Network LLC acquired a new position in GasLog during the first quarter valued at $196,000. Finally, Highbridge Capital Management LLC acquired a new position in GasLog during the first quarter valued at $364,000. Hedge funds and other institutional investors own 46.61% of the company’s stock.
Shares of GasLog (NYSE:GLOG) opened at 13.85 on Thursday. The stock’s 50 day moving average is $13.97 and its 200 day moving average is $15.46. The company’s market cap is $1.12 billion. GasLog has a 12 month low of $11.58 and a 12 month high of $17.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Monday, May 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.56 annualized dividend and a yield of 4.04%. GasLog’s payout ratio is -74.67%.
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GasLog Company Profile
GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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