Brokerages forecast that GasLog Ltd (NYSE:GLOG) will announce $147.20 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for GasLog’s earnings. The lowest sales estimate is $140.90 million and the highest is $157.97 million. GasLog posted sales of $128.29 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.7%. The company is scheduled to report its next quarterly earnings report on Friday, May 4th.
On average, analysts expect that GasLog will report full year sales of $147.20 million for the current year, with estimates ranging from $582.68 million to $662.74 million. For the next year, analysts forecast that the business will report sales of $692.34 million per share, with estimates ranging from $668.54 million to $727.87 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow GasLog.
GasLog (NYSE:GLOG) last announced its quarterly earnings results on Friday, February 16th. The shipping company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.08). The business had revenue of $135.80 million for the quarter, compared to analyst estimates of $135.72 million. GasLog had a return on equity of 0.16% and a net margin of 2.95%. GasLog’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.02 EPS.
GasLog (GLOG) traded up $0.20 during trading on Thursday, hitting $17.75. The stock had a trading volume of 212,037 shares, compared to its average volume of 508,657. GasLog has a 52 week low of $12.75 and a 52 week high of $22.55. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $1,431.54, a P/E ratio of 253.57 and a beta of 1.15.
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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, March 2nd. GasLog’s dividend payout ratio is currently 800.00%.
A number of large investors have recently modified their holdings of GLOG. Schwab Charles Investment Management Inc. grew its position in GasLog by 19.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 73,800 shares of the shipping company’s stock worth $1,126,000 after buying an additional 12,000 shares in the last quarter. Alliancebernstein L.P. grew its position in GasLog by 16.8% during the second quarter. Alliancebernstein L.P. now owns 55,000 shares of the shipping company’s stock worth $839,000 after buying an additional 7,900 shares in the last quarter. Teachers Advisors LLC grew its position in GasLog by 2.5% during the second quarter. Teachers Advisors LLC now owns 74,734 shares of the shipping company’s stock worth $1,140,000 after buying an additional 1,793 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in GasLog during the second quarter worth approximately $244,000. Finally, Northern Trust Corp grew its position in GasLog by 1.7% during the second quarter. Northern Trust Corp now owns 418,827 shares of the shipping company’s stock worth $6,388,000 after buying an additional 7,135 shares in the last quarter. 48.24% of the stock is currently owned by institutional investors and hedge funds.
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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