GasLog (GLOG) Expected to Announce Earnings of $0.11 Per Share

Brokerages predict that GasLog (NYSE:GLOG) will post earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for GasLog’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.26. GasLog posted earnings of $0.06 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 83.3%. The business is expected to issue its next quarterly earnings report on Friday, May 4th.

According to Zacks, analysts expect that GasLog will report full-year earnings of $0.49 per share for the current year, with EPS estimates ranging from $0.07 to $1.17. For the next fiscal year, analysts anticipate that the company will post earnings of $1.22 per share, with EPS estimates ranging from $0.81 to $1.78. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for GasLog.

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GasLog (NYSE:GLOG) last issued its quarterly earnings data on Friday, February 16th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.08). The firm had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $135.72 million. GasLog had a return on equity of 0.16% and a net margin of 2.95%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS.

Several brokerages have issued reports on GLOG. JPMorgan Chase lowered GasLog from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $17.00 to $18.00 in a report on Friday, March 23rd. Zacks Investment Research raised GasLog from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Seaport Global Securities reaffirmed a “buy” rating and set a $23.00 price objective on shares of GasLog in a report on Friday, February 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective (up previously from $19.00) on shares of GasLog in a report on Saturday, February 17th. Finally, Morgan Stanley lowered GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock. in a report on Monday, February 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned 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 a consensus target price of $20.54.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLOG. Bank of New York Mellon Corp grew its holdings in shares of GasLog by 444.1% during the third quarter. Bank of New York Mellon Corp now owns 772,902 shares of the shipping company’s stock worth $13,487,000 after buying an additional 630,846 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of GasLog during the third quarter worth about $103,000. JPMorgan Chase & Co. grew its holdings in shares of GasLog by 1,786.1% during the third quarter. JPMorgan Chase & Co. now owns 85,158 shares of the shipping company’s stock worth $1,452,000 after buying an additional 80,643 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of GasLog by 6.9% during the third quarter. Wells Fargo & Company MN now owns 208,682 shares of the shipping company’s stock worth $3,642,000 after buying an additional 13,412 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of GasLog by 44.1% during the third quarter. Stifel Financial Corp now owns 90,568 shares of the shipping company’s stock worth $1,581,000 after buying an additional 27,702 shares during the last quarter. 48.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GLOG stock opened at $16.95 on Wednesday. The stock has a market cap of $1,368.12, a price-to-earnings ratio of 1,695.00 and a beta of 1.29. GasLog has a 1 year low of $12.75 and a 1 year high of $22.55. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.39 and a current ratio of 1.41.

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GasLog Company Profile

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 February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.

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Earnings History and Estimates for GasLog (NYSE:GLOG)

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