Analysts forecast that GasLog Ltd (NYSE:GLOG) will report $0.06 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for GasLog’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.09. GasLog posted earnings of $0.02 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is scheduled to issue its next quarterly earnings report on Friday, February 16th.

On average, analysts expect that GasLog will report full year earnings of $0.08 per share for the current year, with EPS estimates ranging from ($0.05) to $0.14. For the next fiscal year, analysts forecast that the firm will post earnings of $0.52 per share, with EPS estimates ranging from $0.04 to $1.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover GasLog.

GasLog (NYSE:GLOG) last issued its quarterly earnings data on Thursday, November 2nd. The shipping company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04. GasLog had a return on equity of 0.19% and a net margin of 7.34%. The business had revenue of $131.24 million for the quarter, compared to the consensus estimate of $132.32 million. The firm’s revenue was up 8.7% compared to the same quarter last year.

GLOG has been the topic of a number of recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $20.00 price objective on shares of GasLog in a research note on Wednesday, October 11th. Zacks Investment Research downgraded GasLog from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target on shares of GasLog in a research report on Friday, November 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. GasLog currently has a consensus rating of “Buy” and an average target price of $18.98.

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in GasLog in the 3rd quarter worth approximately $103,000. Cubist Systematic Strategies LLC increased its position in GasLog by 23.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,656 shares of the shipping company’s stock worth $193,000 after buying an additional 2,403 shares during the period. QS Investors LLC bought a new position in GasLog in the 2nd quarter worth approximately $194,000. Ameriprise Financial Inc. bought a new position in GasLog in the 2nd quarter worth approximately $244,000. Finally, Advisory Services Network LLC grew its holdings in shares of GasLog by 65.6% during the 2nd quarter. Advisory Services Network LLC now owns 21,132 shares of the shipping company’s stock worth $322,000 after purchasing an additional 8,372 shares in the last quarter. 47.82% of the stock is currently owned by institutional investors.

GasLog (GLOG) opened at $21.00 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.45 and a debt-to-equity ratio of 1.48. GasLog has a one year low of $12.75 and a one year high of $22.55. The firm has a market capitalization of $1,690.00, a P/E ratio of 60.00 and a beta of 1.27.

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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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