GasLog Partners LP (NYSE:GLOP) Expected to Announce Quarterly Sales of $81.66 Million

Brokerages expect GasLog Partners LP (NYSE:GLOPGet Rating) to announce sales of $81.66 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for GasLog Partners’ earnings. The highest sales estimate is $84.43 million and the lowest is $78.88 million. GasLog Partners reported sales of $70.35 million in the same quarter last year, which indicates a positive year over year growth rate of 16.1%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that GasLog Partners will report full-year sales of $341.81 million for the current financial year, with estimates ranging from $322.34 million to $361.28 million. For the next year, analysts forecast that the company will report sales of $314.22 million, with estimates ranging from $306.26 million to $322.17 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow GasLog Partners.

GasLog Partners (NYSE:GLOPGet Rating) last released its quarterly earnings results on Thursday, April 28th. The shipping company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.06. GasLog Partners had a negative net margin of 0.69% and a positive return on equity of 13.73%. During the same period in the previous year, the firm posted $0.50 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of GasLog Partners in a research note on Wednesday, April 27th. They issued a “buy” rating for the company. Zacks Investment Research raised shares of GasLog Partners from a “hold” rating to a “strong-buy” rating and set a $5.50 price objective for the company in a research note on Monday. StockNews.com raised shares of GasLog Partners from a “hold” rating to a “buy” rating in a research note on Monday, April 11th. Finally, TheStreet raised shares of GasLog Partners from a “d+” rating to a “c-” rating in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, GasLog Partners currently has a consensus rating of “Buy” and an average price target of $5.00.

Large investors have recently bought and sold shares of the stock. Morgan Stanley raised its holdings in GasLog Partners by 3.7% in the 3rd quarter. Morgan Stanley now owns 110,684 shares of the shipping company’s stock worth $534,000 after purchasing an additional 3,914 shares in the last quarter. Eaton Vance Management raised its holdings in GasLog Partners by 100.0% in the 4th quarter. Eaton Vance Management now owns 16,000 shares of the shipping company’s stock worth $34,000 after purchasing an additional 8,000 shares in the last quarter. Schnieders Capital Management LLC bought a new position in GasLog Partners in the 1st quarter worth $58,000. Capital Market Strategies LLC bought a new position in GasLog Partners in the 4th quarter worth $54,000. Finally, Roosevelt Investment Group LLC bought a new position in GasLog Partners in the 4th quarter worth $55,000. Institutional investors own 22.64% of the company’s stock.

Shares of GasLog Partners stock opened at $5.56 on Thursday. GasLog Partners has a 52-week low of $2.90 and a 52-week high of $6.15. The stock has a market capitalization of $293.55 million, a price-to-earnings ratio of -12.09 and a beta of 2.65. The company has a fifty day moving average of $4.84 and a 200-day moving average of $4.65. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.89 and a current ratio of 0.91.

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 12th. Investors of record on Monday, May 9th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, May 6th. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. GasLog Partners’s dividend payout ratio is currently -8.70%.

About GasLog Partners (Get Rating)

GasLog Partners LP acquires, owns, and operates liquefied natural gas (LNG) carriers under multi-year charters. As of February 24, 2022, it operated a fleet of 15 LNG carriers. The company was founded in 2014 and is based in Piraeus, Greece.

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