Brokerages forecast that GasLog Ltd (NYSE:GLOG) will report sales of $176.76 million for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for GasLog’s earnings, with the highest sales estimate coming in at $183.66 million and the lowest estimate coming in at $166.15 million. GasLog reported sales of $135.77 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.2%. The business is scheduled to report its next earnings results on Friday, February 15th.

According to Zacks, analysts expect that GasLog will report full year sales of $610.38 million for the current financial year, with estimates ranging from $598.60 million to $632.85 million. For the next year, analysts expect that the business will report sales of $721.98 million, with estimates ranging from $689.28 million to $746.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow GasLog.

GasLog (NYSE:GLOG) last released its earnings results on Thursday, November 1st. The shipping company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. GasLog had a return on equity of 0.32% and a net margin of 7.57%. The business had revenue of $158.40 million for the quarter, compared to the consensus estimate of $153.59 million. During the same quarter last year, the business posted $0.05 earnings per share. The business’s quarterly revenue was up 20.7% compared to the same quarter last year.

GLOG has been the topic of a number of analyst reports. ValuEngine upgraded GasLog from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Morgan Stanley upgraded GasLog from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $20.00 to $22.00 in a research report on Thursday, August 9th. DNB Markets upgraded GasLog from a “hold” rating to a “buy” rating and set a $17.80 price objective on the stock in a research report on Wednesday, September 5th. Berenberg Bank initiated coverage on GasLog in a research report on Thursday, September 6th. They set a “buy” rating and a $22.00 price objective on the stock. Finally, Zacks Investment Research upgraded GasLog from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Wednesday, October 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.28.

GasLog stock traded up $0.90 during trading on Wednesday, reaching $20.03. 224,701 shares of the company were exchanged, compared to its average volume of 398,396. GasLog has a 52-week low of $15.75 and a 52-week high of $23.14. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 2,012.00 and a beta of 1.01. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.15 and a current ratio of 1.17.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 21st. Investors of record on Monday, November 12th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 8th. This represents a $0.60 dividend on an annualized basis and a yield of 3.00%.

Institutional investors have recently made changes to their positions in the stock. FMR LLC increased its stake in GasLog by 2.7% during the second quarter. FMR LLC now owns 6,349,195 shares of the shipping company’s stock worth $121,270,000 after acquiring an additional 165,298 shares during the last quarter. Eagle Global Advisors LLC increased its stake in GasLog by 11.1% during the second quarter. Eagle Global Advisors LLC now owns 4,079,346 shares of the shipping company’s stock worth $77,916,000 after acquiring an additional 407,271 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in GasLog by 11.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,487,373 shares of the shipping company’s stock worth $68,876,000 after acquiring an additional 353,300 shares during the last quarter. BlackRock Inc. increased its stake in GasLog by 1.2% during the third quarter. BlackRock Inc. now owns 2,010,306 shares of the shipping company’s stock worth $39,703,000 after acquiring an additional 23,404 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in GasLog by 3.6% during the third quarter. Renaissance Technologies LLC now owns 888,000 shares of the shipping company’s stock worth $17,538,000 after acquiring an additional 30,900 shares during the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

GasLog Company Profile

GasLog Ltd. operates as an owner, operator, and manager of liquefied natural gas (LNG) carriers providing support to international energy companies. It provides maritime services for the transportation of LNG on a worldwide basis and vessel management services. As of February 28, 2018, its owned fleet consisted of 28 LNG carriers, including 23 ships on the water and 5 on order.

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Earnings History and Estimates for GasLog (NYSE:GLOG)

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