Wall Street analysts forecast that GasLog Ltd (NYSE:GLOG) will announce earnings per share of $0.33 for the current quarter, according to Zacks. Six analysts have provided estimates for GasLog’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.23. GasLog posted earnings per share of ($0.02) in the same quarter last year, which would suggest a positive year-over-year growth rate of 1,750%. The firm is expected to announce its next earnings results on Friday, February 15th.
On average, analysts expect that GasLog will report full-year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.43. For the next year, analysts anticipate that the business will report earnings of $1.20 per share, with EPS estimates ranging from $0.88 to $1.71. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow GasLog.
GasLog (NYSE:GLOG) last posted its earnings results on Thursday, November 1st. The shipping company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. GasLog had a net margin of 7.57% and a return on equity of 0.32%. The firm had revenue of $158.40 million during the quarter, compared to analyst estimates of $153.59 million. During the same period last year, the firm posted $0.05 earnings per share. GasLog’s revenue for the quarter was up 20.7% compared to the same quarter last year.
A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of GasLog from an “underweight” rating to a “neutral” rating and set a $20.00 target price for the company in a report on Friday, November 2nd. Jefferies Financial Group set a $26.00 target price on shares of GasLog and gave the company a “buy” rating in a report on Thursday, November 1st. DNB Markets lowered shares of GasLog from a “buy” rating to a “hold” rating in a report on Monday, November 5th. ValuEngine raised shares of GasLog from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of GasLog from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $22.28.
Shares of GLOG stock traded down $0.01 on Wednesday, reaching $19.81. The company’s stock had a trading volume of 231,828 shares, compared to its average volume of 396,193. GasLog has a 1 year low of $15.75 and a 1 year high of $23.14. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.15 and a current ratio of 1.17. The firm has a market cap of $1.60 billion, a PE ratio of 1,982.00 and a beta of 0.99.
The company also recently disclosed a special dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 10th will be paid a dividend of $0.40 per share. This represents a yield of 2.89%. The ex-dividend date is Friday, December 7th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Management Associates NY boosted its stake in GasLog by 16.7% during the third quarter. Capital Management Associates NY now owns 28,000 shares of the shipping company’s stock worth $553,000 after buying an additional 4,000 shares during the period. SG Americas Securities LLC purchased a new position in GasLog during the second quarter worth $115,000. Pinnacle Associates Ltd. boosted its stake in GasLog by 8.4% during the third quarter. Pinnacle Associates Ltd. now owns 87,877 shares of the shipping company’s stock worth $1,736,000 after buying an additional 6,823 shares during the period. Vanguard Group Inc. boosted its stake in GasLog by 3.4% during the third quarter. Vanguard Group Inc. now owns 226,928 shares of the shipping company’s stock worth $4,482,000 after buying an additional 7,375 shares during the period. Finally, Lombard Odier Asset Management USA Corp boosted its stake in GasLog by 22.6% during the third quarter. Lombard Odier Asset Management USA Corp now owns 54,289 shares of the shipping company’s stock worth $1,072,000 after buying an additional 10,000 shares during the period. 44.30% of the stock is owned by institutional investors.
GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.
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