Equities research analysts expect GasLog Partners (NYSE:GLOP) to report $76.54 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for GasLog Partners’ earnings, with the lowest sales estimate coming in at $73.23 million and the highest estimate coming in at $78.20 million. GasLog Partners posted sales of $65.27 million in the same quarter last year, which suggests a positive year over year growth rate of 17.3%. The business is scheduled to report its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that GasLog Partners will report full year sales of $319.01 million for the current year, with estimates ranging from $311.43 million to $329.10 million. For the next year, analysts anticipate that the business will report sales of $355.50 million per share, with estimates ranging from $320.43 million to $386.33 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow GasLog Partners.
GasLog Partners (NYSE:GLOP) last released its quarterly earnings results on Friday, April 27th. The shipping company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.10. GasLog Partners had a net margin of 35.17% and a return on equity of 13.63%. The business had revenue of $77.06 million during the quarter, compared to analysts’ expectations of $76.68 million. During the same quarter in the previous year, the company earned $0.54 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year.
GasLog Partners traded up $0.45, reaching $24.15, during midday trading on Friday, MarketBeat reports. The company had a trading volume of 1,300 shares, compared to its average volume of 142,639. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.48 and a quick ratio of 1.46. GasLog Partners has a 1 year low of $21.80 and a 1 year high of $25.55. The stock has a market cap of $971.75 million, a PE ratio of 11.53 and a beta of 1.32.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 11th. Stockholders of record on Monday, May 7th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 8.78%. This is a positive change from GasLog Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, May 4th. GasLog Partners’s payout ratio is presently 101.44%.
Several institutional investors and hedge funds have recently made changes to their positions in GLOP. BlackRock Inc. bought a new stake in shares of GasLog Partners in the 1st quarter worth approximately $129,000. Essex Financial Services Inc. bought a new stake in shares of GasLog Partners in the 4th quarter worth approximately $208,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of GasLog Partners in the 4th quarter worth approximately $233,000. Citigroup Inc. lifted its holdings in shares of GasLog Partners by 76.8% in the 1st quarter. Citigroup Inc. now owns 10,872 shares of the shipping company’s stock worth $253,000 after acquiring an additional 4,721 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of GasLog Partners by 114.8% in the 1st quarter. IFP Advisors Inc now owns 12,179 shares of the shipping company’s stock worth $284,000 after acquiring an additional 6,509 shares during the last quarter. Hedge funds and other institutional investors own 40.68% of the company’s stock.
GasLog Partners 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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