Capital Product Partners (CPLP) Set to Announce Quarterly Earnings on Wednesday

Capital Product Partners (NASDAQ:CPLP) will post its quarterly earnings results before the market opens on Wednesday, October 31st. Analysts expect Capital Product Partners to post earnings of $0.04 per share for the quarter.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings data on Friday, July 27th. The shipping company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Capital Product Partners had a net margin of 8.86% and a return on equity of 2.90%. The business had revenue of $65.54 million during the quarter, compared to analysts’ expectations of $59.82 million. On average, analysts expect Capital Product Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CPLP opened at $2.65 on Tuesday. Capital Product Partners has a one year low of $2.63 and a one year high of $3.60. The stock has a market capitalization of $347.56 million, a PE ratio of 10.60 and a beta of 1.24. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.46.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Monday, November 5th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.08%. Capital Product Partners’s payout ratio is currently 128.00%.

A number of research analysts have recently commented on the company. BidaskClub downgraded Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Friday, August 10th. Janney Montgomery Scott downgraded Capital Product Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $4.50 to $3.50 in a report on Wednesday, August 29th. Zacks Investment Research downgraded Capital Product Partners from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Finally, ValuEngine upgraded Capital Product Partners from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Capital Product Partners presently has a consensus rating of “Hold” and an average price target of $4.25.

Capital Product Partners Company Profile

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel; edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.

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Earnings History for Capital Product Partners (NASDAQ:CPLP)

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