Analysts Expect GasLog Partners LP Unit (GLOP) Will Post Earnings of $0.42 Per Share

Equities analysts expect that GasLog Partners LP Unit (NYSE:GLOP) will post earnings of $0.42 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for GasLog Partners LP Unit’s earnings, with estimates ranging from $0.39 to $0.47. GasLog Partners LP Unit reported earnings of $0.40 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 25th.

On average, analysts expect that GasLog Partners LP Unit will report full year earnings of $1.87 per share for the current year, with EPS estimates ranging from $1.75 to $1.99. For the next fiscal year, analysts forecast that the company will report earnings of $1.90 per share, with EPS estimates ranging from $1.77 to $2.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow GasLog Partners LP Unit.

GasLog Partners LP Unit (NYSE:GLOP) last posted its earnings results on Thursday, April 25th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.15). GasLog Partners LP Unit had a net margin of 25.75% and a return on equity of 11.11%. The firm had revenue of $86.30 million during the quarter, compared to the consensus estimate of $86.83 million. During the same quarter last year, the firm posted $0.64 EPS. The business’s revenue was down 6.0% on a year-over-year basis.

Several research analysts recently weighed in on GLOP shares. Morgan Stanley restated an “equal weight” rating and issued a $18.00 price objective (down previously from $23.00) on shares of GasLog Partners LP Unit in a research report on Wednesday, April 17th. Zacks Investment Research upgraded shares of GasLog Partners LP Unit from a “strong sell” rating to a “hold” rating in a research report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.33.

GLOP stock traded down $0.47 during trading on Thursday, hitting $20.97. The company had a trading volume of 114,800 shares, compared to its average volume of 168,621. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.12 and a quick ratio of 1.08. GasLog Partners LP Unit has a 12 month low of $17.97 and a 12 month high of $25.99. The stock has a market capitalization of $878.22 million, a PE ratio of 11.91 and a beta of 1.07.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, May 6th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 10.49%. The ex-dividend date was Friday, May 3rd. GasLog Partners LP Unit’s dividend payout ratio (DPR) is presently 125.00%.

Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its position in shares of GasLog Partners LP Unit by 13.0% during the 4th quarter. FMR LLC now owns 4,469,279 shares of the shipping company’s stock valued at $88,492,000 after acquiring an additional 515,506 shares during the last quarter. Kayne Anderson Capital Advisors LP raised its position in shares of GasLog Partners LP Unit by 20.9% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 2,123,848 shares of the shipping company’s stock valued at $48,060,000 after acquiring an additional 367,800 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of GasLog Partners LP Unit during the 4th quarter valued at $1,262,000. Jane Street Group LLC bought a new stake in shares of GasLog Partners LP Unit during the 4th quarter valued at $985,000. Finally, Deutsche Bank AG raised its position in shares of GasLog Partners LP Unit by 209.8% during the 4th quarter. Deutsche Bank AG now owns 62,234 shares of the shipping company’s stock valued at $1,232,000 after acquiring an additional 42,144 shares during the last quarter. Hedge funds and other institutional investors own 43.52% of the company’s stock.

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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