Capital Product Partners L.P. (NASDAQ:CPLP) to Release Earnings on Monday
Capital Product Partners L.P. (NASDAQ:CPLP) is scheduled to release its earnings data before the market opens on Monday, July 24th. Analysts expect Capital Product Partners L.P. to post earnings of $0.08 per share for the quarter.
Capital Product Partners L.P. (NASDAQ:CPLP) last announced its quarterly earnings data on Friday, April 28th. The shipping company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Capital Product Partners L.P. had a net margin of 20.36% and a return on equity of 5.53%. The company had revenue of $60.27 million during the quarter, compared to analysts’ expectations of $59.16 million. On average, analysts expect Capital Product Partners L.P. to post $0.28 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
Shares of Capital Product Partners L.P. (NASDAQ:CPLP) opened at 3.97 on Monday. Capital Product Partners L.P. has a 52 week low of $2.73 and a 52 week high of $4.05.
A number of equities analysts have issued reports on the stock. UBS AG restated a “buy” rating and set a $4.50 target price on shares of Capital Product Partners L.P. in a research report on Thursday, July 6th. Jefferies Group LLC reiterated a “buy” rating and set a $5.00 price target on shares of Capital Product Partners L.P. in a report on Friday, March 31st. Zacks Investment Research upgraded shares of Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Finally, TheStreet downgraded shares of Capital Product Partners L.P. from a “b-” rating to a “c” rating in a report on Wednesday, May 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $4.42.
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Capital Product Partners L.P. Company Profile
Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.
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