GasLog (NYSE:GLOG) Issues Earnings Results, Misses Expectations By $0.08 EPS
GasLog (NYSE:GLOG) issued its earnings results on Friday, February 16th. The shipping company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.08), Briefing.com reports. GasLog had a return on equity of 0.16% and a net margin of 2.95%. The company had revenue of $135.80 million during the quarter, compared to analysts’ expectations of $135.72 million. During the same quarter in the prior year, the business posted $0.02 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year.
Shares of GasLog (NYSE:GLOG) opened at $18.25 on Tuesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.41 and a quick ratio of 1.39. The company has a market cap of $1,460.94, a PE ratio of 260.71 and a beta of 1.30. GasLog has a twelve month low of $12.75 and a twelve month high of $22.55.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be issued a $0.14 dividend. The ex-dividend date is Friday, March 2nd. This represents a $0.56 annualized dividend and a dividend yield of 3.07%. GasLog’s dividend payout ratio is currently 800.00%.
GLOG has been the topic of a number of research reports. Morgan Stanley downgraded shares of GasLog from an “overweight” rating to an “equal weight” rating and set a $20.00 target price on the stock. in a report on Monday, February 12th. They noted that the move was a valuation call. Jefferies Group initiated coverage on shares of GasLog in a report on Monday, December 18th. They issued a “buy” rating and a $20.00 target price on the stock. Zacks Investment Research cut shares of GasLog from a “hold” rating to a “sell” rating in a research note on Wednesday, February 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price target (up from $19.00) on shares of GasLog in a research note on Saturday, February 17th. Finally, Seaport Global Securities reaffirmed a “buy” rating and set a $23.00 price target on shares of GasLog in a research note on Friday, February 23rd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. GasLog presently has a consensus rating of “Hold” and a consensus price target of $20.97.
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GasLog Ltd. is an international owner, operator and manager of liquefied natural gas (LNG) carriers. The Company provides support to international energy companies as part of their LNG logistics chain. The Company’s owned consolidated fleet consists of 27 LNG carriers, including 22 ships in operation and five LNG carriers on order.
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