Analysts forecast that GasLog Partners LP Unit (NYSE:GLOP) will report sales of $94.40 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for GasLog Partners LP Unit’s earnings. The lowest sales estimate is $91.00 million and the highest is $95.96 million. GasLog Partners LP Unit reported sales of $81.89 million in the same quarter last year, which indicates a positive year over year growth rate of 15.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that GasLog Partners LP Unit will report full-year sales of $368.90 million for the current financial year, with estimates ranging from $357.00 million to $377.83 million. For the next fiscal year, analysts expect that the company will report sales of $387.76 million, with estimates ranging from $368.00 million to $412.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for GasLog Partners LP Unit.
GasLog Partners LP Unit (NYSE:GLOP) last released its earnings results on Thursday, July 25th. The shipping company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.13). The firm had revenue of $92.10 million during the quarter, compared to analysts’ expectations of $91.29 million. GasLog Partners LP Unit had a net margin of 22.95% and a return on equity of 10.50%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 EPS.
Shares of NYSE GLOP traded up $0.43 during midday trading on Friday, hitting $19.61. The stock had a trading volume of 147,800 shares, compared to its average volume of 155,784. The company has a market capitalization of $786.38 million, a PE ratio of 11.14 and a beta of 0.93. The stock has a 50 day simple moving average of $20.54 and a 200-day simple moving average of $21.39. GasLog Partners LP Unit has a 1 year low of $17.83 and a 1 year high of $25.99. The company has a quick ratio of 0.71, a current ratio of 0.73 and a debt-to-equity ratio of 1.66.
The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Monday, August 5th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 11.22%. The ex-dividend date was Friday, August 2nd. This is a boost from GasLog Partners LP Unit’s previous quarterly dividend of $0.43. GasLog Partners LP Unit’s dividend payout ratio (DPR) is currently 125.00%.
Large investors have recently bought and sold shares of the stock. Barnett & Company Inc. increased its stake in GasLog Partners LP Unit by 45.6% during the second quarter. Barnett & Company Inc. now owns 6,390 shares of the shipping company’s stock worth $136,000 after acquiring an additional 2,000 shares during the last quarter. Covenant Multifamily Offices LLC acquired a new stake in GasLog Partners LP Unit during the first quarter worth $91,000. Deutsche Bank AG increased its stake in GasLog Partners LP Unit by 209.8% during the fourth quarter. Deutsche Bank AG now owns 62,234 shares of the shipping company’s stock worth $1,232,000 after acquiring an additional 42,144 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake in GasLog Partners LP Unit by 25.5% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,375,870 shares of the shipping company’s stock worth $29,210,000 after acquiring an additional 279,550 shares during the last quarter. Finally, NEXT Financial Group Inc acquired a new stake in GasLog Partners LP Unit during the second quarter worth $207,000. 45.32% 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 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.
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