Capital Product Partners (CPLP) to Release Quarterly Earnings on Tuesday

Capital Product Partners (NASDAQ:CPLP) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Capital Product Partners to post earnings of $0.31 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Capital Product Partners (NASDAQ:CPLP) last posted its earnings results on Friday, February 2nd. The shipping company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.04). Capital Product Partners had a net margin of 13.09% and a return on equity of 7.78%. The company had revenue of $92.50 million during the quarter, compared to analyst estimates of $93.32 million. During the same quarter last year, the business posted $1.03 EPS. On average, analysts expect Capital Product Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Capital Product Partners Price Performance

CPLP stock opened at $16.65 on Friday. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.96 and a current ratio of 0.99. Capital Product Partners has a 1 year low of $12.02 and a 1 year high of $18.85. The firm has a market cap of $342.99 million, a P/E ratio of 7.67 and a beta of 0.86. The stock has a 50-day simple moving average of $17.35 and a 200-day simple moving average of $15.91.

Capital Product Partners Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.60%. Capital Product Partners’s dividend payout ratio (DPR) is currently 27.65%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus lowered their target price on Capital Product Partners from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, April 19th. B. Riley increased their price target on Capital Product Partners from $19.00 to $24.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Jefferies Financial Group downgraded Capital Product Partners from a “buy” rating to a “hold” rating and reduced their price target for the company from $22.00 to $18.00 in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.67.

About Capital Product Partners

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters.