Equities research analysts predict that GasLog Ltd (NYSE:GLOG) will report $0.33 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for GasLog’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.40. GasLog posted earnings per share of ($0.02) during the same quarter last year, which indicates a positive year over year growth rate of 1,750%. The business is expected to issue 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 financial year, analysts anticipate that the company will post earnings of $1.20 per share, with EPS estimates ranging from $0.88 to $1.71. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover GasLog.
GasLog (NYSE:GLOG) last announced its quarterly earnings data on Thursday, November 1st. The shipping company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. GasLog had a return on equity of 0.32% and a net margin of 7.57%. The company had revenue of $158.40 million during the quarter, compared to the consensus estimate of $153.59 million. During the same quarter last year, the company earned $0.05 EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis.
A number of analysts have commented on the company. DNB Markets downgraded GasLog from a “buy” rating to a “hold” rating in a research report on Monday, November 5th. Berenberg Bank initiated coverage on GasLog in a research report on Thursday, September 6th. They set a “buy” rating and a $22.00 target price for the company. ValuEngine downgraded GasLog from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 13th. Jefferies Financial Group set a $26.00 target price on GasLog and gave the stock a “buy” rating in a research report on Thursday, November 1st. Finally, TheStreet upgraded GasLog from a “c+” rating to a “b” rating in a research report on Friday, November 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $22.28.
Several institutional investors have recently bought and sold shares of GLOG. Marshall Wace LLP increased its stake in shares of GasLog by 47.6% in the 3rd quarter. Marshall Wace LLP now owns 335,974 shares of the shipping company’s stock valued at $6,635,000 after buying an additional 108,274 shares during the period. Vanguard Group Inc. increased its stake in shares of GasLog by 3.4% in the 3rd quarter. Vanguard Group Inc. now owns 226,928 shares of the shipping company’s stock valued at $4,482,000 after buying an additional 7,375 shares during the period. Lombard Odier Asset Management USA Corp grew its stake in shares of 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 purchasing an additional 10,000 shares during the period. Advisors Asset Management Inc. grew its stake in shares of GasLog by 22.5% during the third quarter. Advisors Asset Management Inc. now owns 113,713 shares of the shipping company’s stock worth $2,246,000 after purchasing an additional 20,864 shares during the period. Finally, Soros Fund Management LLC acquired a new stake in shares of GasLog during the third quarter worth $659,000. Institutional investors and hedge funds own 44.30% of the company’s stock.
Shares of GLOG stock opened at $19.82 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 1.50. GasLog has a 12 month low of $15.75 and a 12 month high of $23.14. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 2,018.00 and a beta of 0.99.
The business also recently announced a special dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 10th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, December 7th. This represents a dividend yield of 2.89%.
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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