Equities analysts forecast that GasLog Ltd (NYSE:GLOG) will report $155.91 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for GasLog’s earnings. The highest sales estimate is $160.90 million and the lowest is $150.25 million. GasLog reported sales of $132.82 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 1st.
On average, analysts expect that GasLog will report full year sales of $684.91 million for the current year, with estimates ranging from $660.71 million to $700.46 million. For the next year, analysts forecast that the firm will report sales of $776.98 million, with estimates ranging from $728.14 million to $822.18 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover GasLog.
GasLog (NYSE:GLOG) last posted its quarterly earnings results on Friday, May 3rd. The shipping company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. GasLog had a net margin of 2.70% and a return on equity of 3.13%. The firm had revenue of $166.55 million during the quarter, compared to the consensus estimate of $152.94 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The business’s revenue was up 20.3% compared to the same quarter last year.
GLOG traded down $0.59 during midday trading on Friday, hitting $14.95. The company had a trading volume of 8,588 shares, compared to its average volume of 363,209. GasLog has a 52 week low of $14.59 and a 52 week high of $23.14. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 1.52. The company has a market cap of $1.26 billion, a P/E ratio of 26.27 and a beta of 1.25.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Tuesday, May 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Monday, May 13th. GasLog’s payout ratio is 105.26%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in GasLog by 13.2% in the first quarter. FMR LLC now owns 4,336,296 shares of the shipping company’s stock valued at $75,712,000 after acquiring an additional 506,941 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in GasLog by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,767,193 shares of the shipping company’s stock valued at $65,775,000 after acquiring an additional 168,639 shares during the last quarter. Eagle Global Advisors LLC boosted its stake in GasLog by 6.0% in the first quarter. Eagle Global Advisors LLC now owns 3,142,969 shares of the shipping company’s stock valued at $54,876,000 after acquiring an additional 176,834 shares during the last quarter. BlackRock Inc. boosted its stake in GasLog by 3.1% in the fourth quarter. BlackRock Inc. now owns 2,073,518 shares of the shipping company’s stock valued at $34,130,000 after acquiring an additional 63,212 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in GasLog by 18.1% in the first quarter. Renaissance Technologies LLC now owns 1,291,000 shares of the shipping company’s stock valued at $22,541,000 after acquiring an additional 198,200 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.
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 March 5, 2019, its owned fleet consisted of 34 LNG carriers, including 25 ships on the water and 9 on order.
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