Wall Street analysts expect GasLog Ltd (NYSE:GLOG) to report $154.52 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for GasLog’s earnings, with the lowest sales estimate coming in at $151.00 million and the highest estimate coming in at $161.48 million. GasLog posted sales of $131.24 million in the same quarter last year, which would indicate a positive year over year growth rate of 17.7%. The business is expected to announce its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that GasLog will report full year sales of $590.80 million for the current fiscal year, with estimates ranging from $579.38 million to $616.73 million. For the next year, analysts anticipate that the firm will report sales of $684.77 million per share, with estimates ranging from $666.39 million to $696.23 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for GasLog.

GasLog (NYSE:GLOG) last released its earnings results on Thursday, August 2nd. The shipping company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.05). The company had revenue of $126.61 million for 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 for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) earnings per share.

GLOG has been the topic of several analyst reports. Morgan Stanley raised shares of GasLog from an “equal weight” rating to a “buy” rating in a report on Friday, August 24th. BTIG Research initiated coverage on shares of GasLog in a report on Wednesday, July 18th. They issued a “buy” rating and a $23.00 price target on the stock. ValuEngine raised shares of GasLog from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research raised shares of GasLog from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.97.

Several institutional investors and hedge funds have recently bought and sold shares of GLOG. SG Americas Securities LLC bought a new stake in shares of GasLog in the 2nd quarter worth about $115,000. Envestnet Asset Management Inc. grew its holdings in shares of GasLog by 147.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,385 shares of the shipping company’s stock worth $121,000 after purchasing an additional 4,401 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of GasLog in the 1st quarter worth about $181,000. Element Capital Management LLC bought a new stake in shares of GasLog in the 1st quarter worth about $293,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of GasLog in the 2nd quarter worth about $306,000. 47.14% of the stock is currently owned by institutional investors and hedge funds.

GasLog stock traded down $0.05 on Thursday, hitting $16.75. The company’s stock had a trading volume of 399,500 shares, compared to its average volume of 369,331. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.20 and a quick ratio of 1.17. GasLog has a one year low of $15.60 and a one year high of $22.55.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Monday, August 13th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.58%. The ex-dividend date was Friday, August 10th.

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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