Brokerages expect GasLog Partners (NYSE:GLOP) to announce sales of $76.52 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for GasLog Partners’ earnings, with the highest sales estimate coming in at $78.80 million and the lowest estimate coming in at $74.02 million. GasLog Partners reported sales of $56.99 million in the same quarter last year, which indicates a positive year over year growth rate of 34.3%. The firm is expected to report its next earnings report on Thursday, April 26th.
On average, analysts expect that GasLog Partners will report full-year sales of $76.52 million for the current financial year, with estimates ranging from $297.90 million to $333.90 million. For the next financial year, analysts forecast that the firm will post sales of $348.86 million per share, with estimates ranging from $316.80 million to $386.33 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for GasLog Partners.
GasLog Partners (NYSE:GLOP) last issued its quarterly earnings results on Wednesday, January 31st. The shipping company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.04. GasLog Partners had a return on equity of 12.39% and a net margin of 33.73%. The company had revenue of $76.22 million for the quarter, compared to the consensus estimate of $75.45 million. During the same quarter in the prior year, the business earned $0.71 EPS. GasLog Partners’s revenue was up 36.2% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of GasLog Partners by 24.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 581,048 shares of the shipping company’s stock valued at $13,538,000 after acquiring an additional 114,193 shares during the last quarter. Royce & Associates LP purchased a new position in shares of GasLog Partners in the 4th quarter valued at about $4,965,000. Essex Financial Services Inc. purchased a new position in shares of GasLog Partners in the 4th quarter valued at about $208,000. Global X Management Co. LLC increased its holdings in shares of GasLog Partners by 8.7% in the 4th quarter. Global X Management Co. LLC now owns 535,460 shares of the shipping company’s stock valued at $13,253,000 after acquiring an additional 43,021 shares during the last quarter. Finally, M&T Bank Corp purchased a new position in shares of GasLog Partners in the 4th quarter valued at about $848,000. Institutional investors and hedge funds own 41.19% of the company’s stock.
NYSE GLOP traded up $0.25 during trading hours on Wednesday, hitting $23.30. 65,935 shares of the company were exchanged, compared to its average volume of 143,724. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.02 and a quick ratio of 1.00. GasLog Partners has a 52-week low of $21.80 and a 52-week high of $25.55. The company has a market cap of $955.35, a price-to-earnings ratio of 11.15 and a beta of 1.35.
WARNING: “Analysts Anticipate GasLog Partners (GLOP) Will Post Quarterly Sales of $76.52 Million” was originally reported by WKRB News and is owned by of WKRB News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.wkrb13.com/2018/03/31/analysts-anticipate-gaslog-partners-glop-will-post-quarterly-sales-of-76-52-million.html.
About GasLog Partners
GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for GasLog Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GasLog Partners and related companies with MarketBeat.com's FREE daily email newsletter.