Analysts Expect GasLog LP. (GLOG) Will Post Quarterly Sales of $128.27 Million
Wall Street analysts expect GasLog LP. (NYSE:GLOG) to announce sales of $128.27 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for GasLog LP.’s earnings, with the lowest sales estimate coming in at $125.50 million and the highest estimate coming in at $129.67 million. GasLog LP. reported sales of $114.47 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, August 3rd.
On average, analysts expect that GasLog LP. will report full year sales of $128.27 million for the current fiscal year, with estimates ranging from $507.50 million to $546.18 million. For the next financial year, analysts anticipate that the company will post sales of $611.13 million per share, with estimates ranging from $555.03 million to $670.32 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for GasLog LP..
GasLog LP. (NYSE:GLOG) last released its earnings results on Friday, May 5th. The shipping company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. The company had revenue of $128.30 million for the quarter, compared to analyst estimates of $129.35 million. GasLog LP. had a net margin of 0.65% and a return on equity of 0.63%. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.09) EPS.
Several research firms have weighed in on GLOG. BidaskClub raised GasLog LP. from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research cut GasLog LP. from a “hold” rating to a “sell” rating in a research note on Wednesday. Credit Suisse Group began coverage on GasLog LP. in a research note on Tuesday, April 25th. They set an “outperform” rating and a $21.00 target price on the stock. Morgan Stanley raised GasLog LP. from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research note on Tuesday, June 13th. Finally, ValuEngine raised GasLog LP. from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $19.13.
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Large investors have recently made changes to their positions in the stock. First Mercantile Trust Co. purchased a new stake in shares of GasLog LP. during the first quarter valued at about $161,000. Tudor Investment Corp ET AL purchased a new stake in shares of GasLog LP. during the first quarter valued at about $182,000. Russell Investments Group Ltd. purchased a new stake in shares of GasLog LP. during the fourth quarter valued at about $204,000. Advisory Services Network LLC purchased a new stake in shares of GasLog LP. during the first quarter valued at about $196,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of GasLog LP. during the first quarter valued at about $364,000. Institutional investors and hedge funds own 47.23% of the company’s stock.
GasLog LP. (NYSE GLOG) opened at 16.80 on Friday. The stock’s 50 day moving average is $13.97 and its 200 day moving average is $15.12. The stock’s market capitalization is $1.35 billion. GasLog LP. has a one year low of $12.15 and a one year high of $17.85.
GasLog LP. 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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