GasLog Partners LP Unit (NYSE:GLOP) Expected to Announce Quarterly Sales of $96.83 Million
Wall Street analysts predict that GasLog Partners LP Unit (NYSE:GLOP) will post sales of $96.83 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for GasLog Partners LP Unit’s earnings, with the lowest sales estimate coming in at $91.00 million and the highest estimate coming in at $103.62 million. GasLog Partners LP Unit reported sales of $81.89 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.2%. The firm is scheduled to report its next earnings results on Thursday, October 24th.
According to Zacks, analysts expect that GasLog Partners LP Unit will report full-year sales of $371.64 million for the current financial year, with estimates ranging from $356.20 million to $392.22 million. For the next year, analysts expect that the firm will post sales of $394.12 million, with estimates ranging from $366.00 million to $441.54 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover GasLog Partners LP Unit.
GasLog Partners LP Unit (NYSE:GLOP) last announced its quarterly earnings data on Thursday, July 25th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.13). The company had revenue of $92.10 million during the quarter, compared to analyst estimates of $91.29 million. GasLog Partners LP Unit had a net margin of 22.95% and a return on equity of 10.31%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share.
Shares of NYSE GLOP traded up $0.09 during mid-day trading on Wednesday, hitting $21.94. The company had a trading volume of 152,073 shares, compared to its average volume of 98,644. The stock has a market cap of $895.90 million, a P/E ratio of 12.47 and a beta of 0.95. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 1.39. GasLog Partners LP Unit has a 1-year low of $17.97 and a 1-year high of $25.99. The business’s 50-day moving average price is $21.26.
A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its holdings in GasLog Partners LP Unit by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 36,677 shares of the shipping company’s stock valued at $830,000 after buying an additional 1,398 shares during the last quarter. American Asset Management Inc. grew its holdings in shares of GasLog Partners LP Unit by 9.4% during the first quarter. American Asset Management Inc. now owns 23,250 shares of the shipping company’s stock worth $526,000 after purchasing an additional 2,000 shares during the last quarter. Osborn Williams & Donohoe LLC purchased a new position in shares of GasLog Partners LP Unit during the first quarter worth about $55,000. Covenant Multifamily Offices LLC purchased a new position in shares of GasLog Partners LP Unit during the first quarter worth about $91,000. Finally, Castle Rock Wealth Management LLC grew its holdings in shares of GasLog Partners LP Unit by 25.4% during the fourth quarter. Castle Rock Wealth Management LLC now owns 33,664 shares of the shipping company’s stock worth $778,000 after purchasing an additional 6,822 shares during the last quarter. 43.51% of the stock is currently owned by hedge funds and other 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 26, 2019, its fleet consists of 14 LNG carriers with an average carrying capacity of approximately 157,000 cubic meters. The company was founded in 2014 and is based in Monaco.
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