Equities analysts expect that Capital Product Partners L.P. (NASDAQ:CPLP) will announce earnings of $0.06 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Capital Product Partners’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.06. Capital Product Partners reported earnings per share of $0.09 in the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Capital Product Partners will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.23 to $0.24. For the next fiscal year, analysts anticipate that the business will post earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Capital Product Partners.

Capital Product Partners (NASDAQ:CPLP) last released its earnings results on Friday, October 27th. The shipping company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $62.68 million during the quarter, compared to the consensus estimate of $59.71 million. Capital Product Partners had a return on equity of 4.70% and a net margin of 17.17%.

A number of equities research analysts have weighed in on CPLP shares. UBS restated a “neutral” rating and issued a $4.00 target price (down from $4.50) on shares of Capital Product Partners in a research report on Wednesday, August 9th. TheStreet upgraded Capital Product Partners from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. BidaskClub downgraded Capital Product Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. ValuEngine downgraded Capital Product Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $4.75.

A number of large investors have recently made changes to their positions in the business. Global X Management Co. LLC raised its stake in Capital Product Partners by 22.9% during the 2nd quarter. Global X Management Co. LLC now owns 2,229,685 shares of the shipping company’s stock valued at $7,581,000 after purchasing an additional 414,798 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Capital Product Partners by 7.4% in the third quarter. JPMorgan Chase & Co. now owns 995,961 shares of the shipping company’s stock worth $3,486,000 after acquiring an additional 68,892 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Capital Product Partners in the second quarter worth $3,202,000. Morgan Stanley increased its stake in shares of Capital Product Partners by 16.0% in the first quarter. Morgan Stanley now owns 860,407 shares of the shipping company’s stock worth $3,072,000 after acquiring an additional 118,893 shares during the last quarter. Finally, Goodman Financial Corp acquired a new position in shares of Capital Product Partners in the third quarter worth $2,768,000. 19.26% of the stock is currently owned by institutional investors.

Capital Product Partners (NASDAQ:CPLP) traded down $0.07 on Thursday, reaching $3.12. The company’s stock had a trading volume of 584,100 shares, compared to its average volume of 520,782. The firm has a market capitalization of $403.40, a P/E ratio of 11.39 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.81 and a quick ratio of 0.79. Capital Product Partners has a 12-month low of $2.94 and a 12-month high of $4.00.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Friday, November 3rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 10.26%. The ex-dividend date was Thursday, November 2nd. Capital Product Partners’s dividend payout ratio (DPR) is currently 114.29%.

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Capital Product Partners 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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