Brokerages forecast that GasLog Ltd (NYSE:GLOG) will announce $154.35 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for GasLog’s earnings. The highest sales estimate is $159.59 million and the lowest is $151.00 million. GasLog reported sales of $131.24 million during the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The firm is expected to announce its next earnings report before the market opens on Thursday, November 1st.
According to Zacks, analysts expect that GasLog will report full year sales of $596.07 million for the current financial year, with estimates ranging from $585.81 million to $627.99 million. For the next financial year, analysts forecast that the business will post sales of $697.00 million, with estimates ranging from $666.39 million to $723.87 million. Zacks’ sales calculations are an average based on a survey of research firms that follow GasLog.
GasLog (NYSE:GLOG) last posted its quarterly earnings data on Thursday, August 2nd. The shipping company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05). The firm had revenue of $126.61 million during the quarter, compared to analyst estimates of $139.78 million. GasLog had a net margin of 5.56% and a negative return on equity of 0.31%. GasLog’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.03) earnings per share.
Shares of GLOG stock traded down $0.27 during trading hours on Friday, hitting $20.40. The stock had a trading volume of 461,079 shares, compared to its average volume of 520,645. GasLog has a twelve month low of $15.75 and a twelve month high of $22.55. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.20 and a quick ratio of 1.17.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in GasLog by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,790,102 shares of the shipping company’s stock worth $45,897,000 after acquiring an additional 518,231 shares in the last quarter. Eagle Global Advisors LLC raised its position in GasLog by 11.1% in the second quarter. Eagle Global Advisors LLC now owns 4,079,346 shares of the shipping company’s stock worth $77,916,000 after acquiring an additional 407,271 shares in the last quarter. Millennium Management LLC purchased a new position in GasLog in the first quarter worth $5,407,000. Marshall Wace LLP purchased a new position in GasLog in the second quarter worth $4,349,000. Finally, FMR LLC raised its position in GasLog by 2.7% in the second quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock worth $121,270,000 after acquiring an additional 165,298 shares in the last quarter. 47.13% of the stock is owned by hedge funds and other institutional investors.
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.
Read More: Rule of 72
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GasLog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog and related companies with MarketBeat.com's FREE daily email newsletter.