Analysts Expect GasLog Partners (GLOP) to Post $0.49 EPS

Brokerages forecast that GasLog Partners (NYSE:GLOP) will report earnings of $0.49 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for GasLog Partners’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.56. GasLog Partners reported earnings of $0.54 per share in the same quarter last year, which indicates a negative year over year growth rate of 9.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, April 26th.

On average, analysts expect that GasLog Partners will report full-year earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.58 to $1.91. For the next year, analysts forecast that the business will report earnings of $1.91 per share, with EPS estimates ranging from $1.60 to $2.22. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover GasLog Partners.

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GasLog Partners (NYSE:GLOP) last posted its earnings results on Wednesday, January 31st. The shipping company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.04. The firm had revenue of $76.22 million for the quarter, compared to the consensus estimate of $75.45 million. GasLog Partners had a return on equity of 12.39% and a net margin of 33.73%. The business’s quarterly revenue was up 36.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share.

A number of brokerages recently issued reports on GLOP. Zacks Investment Research upgraded GasLog Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded GasLog Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 7th. Finally, Jefferies Group began coverage on GasLog Partners in a research report on Monday, December 18th. They issued a “buy” rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $26.40.

Shares of GasLog Partners (NYSE:GLOP) opened at $23.25 on Monday. The stock has a market capitalization of $953.30, a price-to-earnings ratio of 11.12 and a beta of 1.35. GasLog Partners has a 12-month low of $21.80 and a 12-month high of $25.55. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 1.36.

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in GasLog Partners by 5.9% in the second quarter. The Manufacturers Life Insurance Company now owns 5,813 shares of the shipping company’s stock valued at $132,000 after acquiring an additional 323 shares during the last quarter. Essex Financial Services Inc. bought a new position in GasLog Partners in the fourth quarter valued at $208,000. Arrowstreet Capital Limited Partnership bought a new position in GasLog Partners in the fourth quarter valued at $233,000. Financial Advocates Investment Management bought a new position in GasLog Partners in the fourth quarter valued at $301,000. Finally, LPL Financial LLC increased its stake in GasLog Partners by 17.9% in the fourth quarter. LPL Financial LLC now owns 17,572 shares of the shipping company’s stock valued at $435,000 after acquiring an additional 2,673 shares during the last quarter. Institutional investors own 41.19% of the company’s stock.

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GasLog Partners Company Profile

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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