Capital Product Partners (CPLP) Set to Announce Earnings on Friday

Capital Product Partners (NASDAQ:CPLPGet Rating) is set to release its earnings data before the market opens on Friday, May 6th. Analysts expect Capital Product Partners to post earnings of $0.95 per share for the quarter.

Capital Product Partners (NASDAQ:CPLPGet Rating) last posted its quarterly earnings data on Wednesday, February 2nd. The shipping company reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.43. Capital Product Partners had a net margin of 52.58% and a return on equity of 11.32%. The business had revenue of $60.35 million for the quarter, compared to analyst estimates of $54.42 million. During the same quarter last year, the business earned $0.38 earnings per share. On average, analysts expect Capital Product Partners to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NASDAQ CPLP traded up $0.03 during mid-day trading on Monday, reaching $14.74. 100 shares of the company traded hands, compared to its average volume of 124,532. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.29 and a quick ratio of 0.25. The firm has a market cap of $279.65 million, a PE ratio of 2.88 and a beta of 0.97. Capital Product Partners has a fifty-two week low of $10.60 and a fifty-two week high of $19.65. The stock has a fifty day simple moving average of $16.13 and a 200-day simple moving average of $15.62.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 12th. Shareholders of record on Friday, May 6th will be given a $0.15 dividend. The ex-dividend date is Thursday, May 5th. This represents a $0.60 annualized dividend and a yield of 4.07%. Capital Product Partners’s dividend payout ratio (DPR) is 11.74%.

CPLP has been the subject of a number of recent analyst reports. TheStreet raised shares of Capital Product Partners from a “c+” rating to a “b-” rating in a research note on Monday, April 25th. Zacks Investment Research lowered shares of Capital Product Partners from a “buy” rating to a “hold” rating in a research note on Thursday, January 27th. Finally, StockNews.com assumed coverage on shares of Capital Product Partners in a research note on Thursday, March 31st. They set a “hold” rating for the company.

Large investors have recently modified their holdings of the business. Morgan Stanley raised its holdings in Capital Product Partners by 19.7% in the 2nd quarter. Morgan Stanley now owns 506,282 shares of the shipping company’s stock worth $6,177,000 after acquiring an additional 83,262 shares during the period. Walleye Trading LLC increased its holdings in shares of Capital Product Partners by 40.3% during the 4th quarter. Walleye Trading LLC now owns 45,303 shares of the shipping company’s stock worth $730,000 after purchasing an additional 13,007 shares during the period. LPL Financial LLC increased its stake in Capital Product Partners by 5.6% in the fourth quarter. LPL Financial LLC now owns 25,610 shares of the shipping company’s stock valued at $413,000 after acquiring an additional 1,355 shares during the period. Cubist Systematic Strategies LLC increased its stake in Capital Product Partners by 28.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 21,500 shares of the shipping company’s stock valued at $346,000 after acquiring an additional 4,799 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Capital Product Partners by 128.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,632 shares of the shipping company’s stock valued at $58,000 after acquiring an additional 2,045 shares during the period. 41.57% of the stock is owned by institutional investors.

Capital Product Partners Company Profile (Get Rating)

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels transports a range of dry cargoes and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters. As of April 26, 2021, the company owned 17 vessels, including thirteen Neo-Panamax container vessels, three Panamax container vessels, and one Capesize bulk carrier.

See Also

Earnings History for Capital Product Partners (NASDAQ:CPLP)

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