Brokerages Expect GasLog Partners LP Unit (GLOP) to Post $0.42 EPS

Analysts expect that GasLog Partners LP Unit (NYSE:GLOP) will report earnings of $0.42 per share for the current quarter, Zacks reports. Six analysts have made estimates for GasLog Partners LP Unit’s earnings, with the highest EPS estimate coming in at $0.43 and the lowest estimate coming in at $0.39. GasLog Partners LP Unit reported earnings per share of $0.59 in the same quarter last year, which would indicate a negative year over year growth rate of 28.8%. The company is expected to report its next earnings report on Friday, April 26th.

According to Zacks, analysts expect that GasLog Partners LP Unit will report full year earnings of $1.95 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $2.05. For the next fiscal year, analysts forecast that the company will report earnings of $1.93 per share, with EPS estimates ranging from $1.65 to $2.28. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover GasLog Partners LP Unit.

GasLog Partners LP Unit (NYSE:GLOP) last released its quarterly earnings results on Wednesday, January 30th. The shipping company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.16). GasLog Partners LP Unit had a net margin of 30.10% and a return on equity of 11.87%. The company had revenue of $86.85 million during the quarter, compared to the consensus estimate of $88.68 million. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue was down 6.0% on a year-over-year basis.

Separately, Zacks Investment Research cut shares of GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.36.

Shares of GLOP stock opened at $22.99 on Friday. GasLog Partners LP Unit has a 12 month low of $17.97 and a 12 month high of $25.99. The firm has a market cap of $927.88 million, a PE ratio of 13.06 and a beta of 1.25. The company has a current ratio of 0.34, a quick ratio of 0.33 and a debt-to-equity ratio of 0.97.

Several institutional investors and hedge funds have recently bought and sold shares of GLOP. Quantamental Technologies LLC purchased a new position in shares of GasLog Partners LP Unit in the 4th quarter worth about $36,000. SeaBridge Investment Advisors LLC raised its position in shares of GasLog Partners LP Unit by 100.0% in the 4th quarter. SeaBridge Investment Advisors LLC now owns 2,000 shares of the shipping company’s stock worth $40,000 after purchasing an additional 1,000 shares during the last quarter. First Republic Investment Management Inc. purchased a new position in shares of GasLog Partners LP Unit in the 3rd quarter worth about $206,000. Paloma Partners Management Co purchased a new position in shares of GasLog Partners LP Unit in the 4th quarter worth about $248,000. Finally, American Asset Management Inc. raised its position in shares of GasLog Partners LP Unit by 2.6% in the 4th quarter. American Asset Management Inc. now owns 21,250 shares of the shipping company’s stock worth $421,000 after purchasing an additional 534 shares during the last quarter. 44.62% of the stock is owned by hedge funds and other institutional investors.

GasLog Partners LP Unit 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.

Further Reading: Institutional Investors

Get a free copy of the Zacks research report on GasLog Partners LP Unit (GLOP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for GasLog Partners LP Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners LP Unit and related companies with MarketBeat.com's FREE daily email newsletter.