Equities analysts forecast that Capital Product Partners L.P. (NASDAQ:CPLP) will announce earnings of $0.05 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Capital Product Partners L.P.’s earnings. The highest EPS estimate is $0.06 and the lowest is $0.04. Capital Product Partners L.P. posted earnings of $0.07 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 28.6%. The company is scheduled to report its next earnings report on Monday, October 30th.

According to Zacks, analysts expect that Capital Product Partners L.P. will report full-year earnings of $0.26 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.27. For the next financial year, analysts forecast that the company will post earnings of $0.30 per share, with EPS estimates ranging from $0.20 to $0.42. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Capital Product Partners L.P..

Capital Product Partners L.P. (NASDAQ:CPLP) last announced its quarterly earnings data on Friday, July 28th. The shipping company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). Capital Product Partners L.P. had a net margin of 18.20% and a return on equity of 4.95%. The business had revenue of $62.06 million during the quarter, compared to analyst estimates of $59.47 million.

A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. UBS AG restated a “buy” rating and issued a $4.50 price target on shares of Capital Product Partners L.P. in a research report on Thursday, July 6th. Zacks Investment Research downgraded shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. BidaskClub downgraded shares of Capital Product Partners L.P. from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, TheStreet upgraded shares of Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.75.

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Capital Product Partners L.P. (CPLP) opened at 3.51 on Wednesday. The company has a 50-day moving average of $3.53 and a 200 day moving average of $3.51. Capital Product Partners L.P. has a one year low of $2.73 and a one year high of $4.00. The firm has a market capitalization of $433.94 million, a price-to-earnings ratio of 11.98 and a beta of 1.63.

Several hedge funds and other institutional investors have recently modified their holdings of CPLP. Stifel Financial Corp lifted its position in shares of Capital Product Partners L.P. by 31.4% in the 1st quarter. Stifel Financial Corp now owns 28,050 shares of the shipping company’s stock worth $100,000 after purchasing an additional 6,696 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX acquired a new position in shares of Capital Product Partners L.P. in the 2nd quarter worth approximately $106,000. Russell Investments Group Ltd. acquired a new position in shares of Capital Product Partners L.P. in the 2nd quarter worth approximately $111,000. Citadel Advisors LLC lifted its position in shares of Capital Product Partners L.P. by 60.6% in the 2nd quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock worth $147,000 after purchasing an additional 16,318 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of Capital Product Partners L.P. in the 2nd quarter worth approximately $150,000. Hedge funds and other institutional investors own 17.57% of the company’s stock.

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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