GasLog Partners LP Unit (GLOP) Expected to Post Earnings of $0.44 Per Share

Wall Street analysts predict that GasLog Partners LP Unit (NYSE:GLOP) will post earnings of $0.44 per share for the current quarter, Zacks reports. Six analysts have provided estimates for GasLog Partners LP Unit’s earnings, with estimates ranging from $0.42 to $0.49. GasLog Partners LP Unit posted earnings of $0.59 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 25.4%. The business is scheduled to announce its next quarterly earnings results on Friday, April 26th.

According to Zacks, analysts expect that GasLog Partners LP Unit will report full year earnings of $1.96 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $2.11. For the next fiscal year, analysts forecast that the firm will post earnings of $1.95 per share, with EPS estimates ranging from $1.65 to $2.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow GasLog Partners LP Unit.

GasLog Partners LP Unit (NYSE:GLOP) last posted its earnings results on Wednesday, January 30th. The shipping company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.16). GasLog Partners LP Unit had a net margin of 30.10% and a return on equity of 11.87%. The company had revenue of $86.85 million for the quarter, compared to the consensus estimate of $88.68 million. During the same quarter last year, the business earned $0.61 earnings per share. GasLog Partners LP Unit’s quarterly revenue was down 6.0% on a year-over-year basis.

Several equities analysts have weighed in on GLOP shares. Zacks Investment Research lowered GasLog Partners LP Unit from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Morgan Stanley cut their target price on GasLog Partners LP Unit from $27.00 to $26.50 and set a “buy” rating on the stock in a report on Monday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $27.36.

NYSE GLOP traded up $0.19 during trading on Thursday, hitting $22.29. 108,252 shares of the company traded hands, compared to its average volume of 175,645. GasLog Partners LP Unit has a 12 month low of $17.97 and a 12 month high of $25.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.34 and a quick ratio of 0.33. The firm has a market cap of $906.10 million, a P/E ratio of 12.66 and a beta of 1.24.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Stockholders of record on Friday, February 8th were given a $0.55 dividend. This is an increase from GasLog Partners LP Unit’s previous quarterly dividend of $0.53. This represents a $2.20 annualized dividend and a dividend yield of 9.87%. The ex-dividend date of this dividend was Thursday, February 7th. GasLog Partners LP Unit’s dividend payout ratio (DPR) is currently 125.00%.

Several large investors have recently modified their holdings of the company. American Asset Management Inc. grew its position in shares of GasLog Partners LP Unit by 2.6% in the fourth quarter. American Asset Management Inc. now owns 21,250 shares of the shipping company’s stock valued at $421,000 after purchasing an additional 534 shares during the last quarter. SeaBridge Investment Advisors LLC grew its position in shares of GasLog Partners LP Unit by 100.0% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 2,000 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 1,000 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of GasLog Partners LP Unit by 3.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,279 shares of the shipping company’s stock valued at $699,000 after purchasing an additional 1,083 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of GasLog Partners LP Unit in the fourth quarter valued at about $36,000. Finally, JPMorgan Chase & Co. grew its position in shares of GasLog Partners LP Unit by 0.4% in the third quarter. JPMorgan Chase & Co. now owns 592,654 shares of the shipping company’s stock valued at $14,816,000 after purchasing an additional 2,160 shares during the last quarter. 44.91% of the stock is currently owned by 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 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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