Analysts Anticipate GasLog Ltd (GLOG) Will Post Quarterly Sales of $135.19 Million

Equities analysts expect that GasLog Ltd (NYSE:GLOG) will post sales of $135.19 million for the current quarter, Zacks reports. Four analysts have provided estimates for GasLog’s earnings, with estimates ranging from $133.60 million to $137.09 million. GasLog posted sales of $126.48 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The business is expected to issue its next earnings results on Friday, February 16th.

On average, analysts expect that GasLog will report full year sales of $135.19 million for the current financial year, with estimates ranging from $516.25 million to $526.55 million. For the next financial year, analysts forecast that the company will report sales of $604.72 million per share, with estimates ranging from $567.04 million to $662.03 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow GasLog.

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

GLOG has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target on shares of GasLog in a report on Friday, November 3rd. Zacks Investment Research raised shares of GasLog from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Jefferies Group initiated coverage on shares of GasLog in a report on Monday, December 18th. They issued a “buy” rating and a $20.00 price target on the stock. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $18.98.

GasLog (NYSE GLOG) traded down $0.05 during mid-day trading on Friday, reaching $20.35. 256,512 shares of the company were exchanged, compared to its average volume of 458,486. The stock has a market capitalization of $1,640.00, a P/E ratio of 58.14 and a beta of 1.27. GasLog has a 52-week low of $12.75 and a 52-week high of $22.55. The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 1.48.

Several hedge funds and other institutional investors have recently made changes to their positions in GLOG. Frontier Capital Management Co. LLC lifted its stake in shares of GasLog by 19.4% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,993,807 shares of the shipping company’s stock valued at $44,362,000 after buying an additional 323,271 shares during the period. Stifel Financial Corp lifted its stake in shares of GasLog by 44.1% during the third quarter. Stifel Financial Corp now owns 90,568 shares of the shipping company’s stock valued at $1,581,000 after buying an additional 27,702 shares during the period. Wells Fargo & Company MN lifted its stake in shares of GasLog by 6.9% during the third quarter. Wells Fargo & Company MN now owns 208,682 shares of the shipping company’s stock valued at $3,642,000 after buying an additional 13,412 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of GasLog by 1,786.1% during the third quarter. JPMorgan Chase & Co. now owns 85,158 shares of the shipping company’s stock valued at $1,452,000 after buying an additional 80,643 shares during the period. Finally, Kayne Anderson Capital Advisors LP lifted its stake in shares of GasLog by 9.6% during the third quarter. Kayne Anderson Capital Advisors LP now owns 558,513 shares of the shipping company’s stock valued at $9,737,000 after buying an additional 48,966 shares during the period. 47.82% of the stock is currently owned by institutional investors.

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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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