Brokerages forecast that GasLog Ltd (NYSE:GLOG) will report $148.36 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for GasLog’s earnings, with estimates ranging from $140.90 million to $157.97 million. GasLog reported sales of $128.29 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.6%. The business is scheduled to report its next earnings report on Friday, May 4th.
On average, analysts expect that GasLog will report full year sales of $148.36 million for the current year, with estimates ranging from $582.68 million to $662.74 million. For the next year, analysts anticipate that the company will post sales of $714.59 million per share, with estimates ranging from $668.54 million to $803.60 million. Zacks’ sales calculations are an average based on a survey of research firms that cover GasLog.
GasLog (NYSE:GLOG) last posted its quarterly earnings data on Friday, February 16th. The shipping company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.08). The firm had revenue of $135.80 million during the quarter, compared to analyst estimates of $135.72 million. GasLog had a net margin of 2.95% and a return on equity of 0.16%. GasLog’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share.
Several equities research analysts have recently weighed in on GLOG shares. Morgan Stanley downgraded GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective for the company. in a report on Monday, February 12th. They noted that the move was a valuation call. Jefferies Group started coverage on GasLog in a report on Monday, December 18th. They issued a “buy” rating and a $20.00 price objective for the company. Zacks Investment Research downgraded GasLog from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Stifel Nicolaus reissued a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of GasLog in a report on Saturday, February 17th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $23.00 price objective on shares of GasLog in a report on Friday, February 23rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.97.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of GasLog during the third quarter worth $103,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of GasLog during the fourth quarter worth $207,000. Ameriprise Financial Inc. acquired a new stake in shares of GasLog during the second quarter worth $244,000. Jane Street Group LLC acquired a new stake in shares of GasLog during the fourth quarter worth $368,000. Finally, Parametrica Management Ltd acquired a new stake in shares of GasLog during the fourth quarter worth $401,000. 48.66% of the stock is owned by hedge funds and other institutional investors.
GasLog (GLOG) traded up $0.10 during mid-day trading on Friday, hitting $18.35. The stock had a trading volume of 276,797 shares, compared to its average volume of 475,233. The firm has a market capitalization of $1,460.94, a P/E ratio of 262.14 and a beta of 1.30. GasLog has a 1-year low of $12.75 and a 1-year high of $22.55. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.41 and a quick ratio of 1.39.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, March 2nd. GasLog’s dividend payout ratio is presently 800.00%.
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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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