Capital Product Partners L.P. (CPLP) to Release Earnings on Monday
Capital Product Partners L.P. (NASDAQ:CPLP) is scheduled to post its quarterly earnings results before the market opens on Monday, October 30th.
Capital Product Partners L.P. (NASDAQ:CPLP) last posted its quarterly earnings data on Friday, July 28th. The shipping company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.02). The firm had revenue of $62.06 million for the quarter, compared to the consensus estimate of $59.47 million. Capital Product Partners L.P. had a return on equity of 4.95% and a net margin of 18.20%. On average, analysts expect Capital Product Partners L.P. to post $0.26 EPS for the current fiscal year and $0.30 EPS for the next fiscal year.
Capital Product Partners L.P. (CPLP) opened at 3.57 on Monday. The company has a market cap of $441.36 million, a price-to-earnings ratio of 12.18 and a beta of 1.63. Capital Product Partners L.P. has a 1-year low of $2.73 and a 1-year high of $4.00. The company’s 50 day moving average is $3.55 and its 200 day moving average is $3.52.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Friday, November 3rd will be paid a $0.08 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.32 dividend on an annualized basis and a yield of 8.96%. Capital Product Partners L.P.’s dividend payout ratio is currently 106.67%.
CPLP has been the subject of a number of recent research reports. TheStreet upgraded shares of Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. UBS AG reiterated a “buy” rating and issued a $4.50 price target on shares of Capital Product Partners L.P. in a research note on Thursday, July 6th. ValuEngine upgraded shares of Capital Product Partners L.P. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $4.75.
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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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