Capital Product Partners (CPLP) Set to Announce Earnings on Wednesday

Capital Product Partners (NASDAQ:CPLP) is set to post its quarterly earnings results before the market opens on Wednesday, January 31st. Analysts expect Capital Product Partners to post earnings of $0.06 per share for the quarter.

Capital Product Partners (NASDAQ:CPLP) last issued its earnings results on Friday, October 27th. The shipping company reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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%. On average, analysts expect Capital Product Partners to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Capital Product Partners (CPLP) opened at $3.55 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.81. The company has a market capitalization of $479.53, a PE ratio of 12.68 and a beta of 1.58. Capital Product Partners has a 52 week low of $3.10 and a 52 week high of $4.00.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Saturday, February 3rd will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend is Thursday, February 1st. Capital Product Partners’s payout ratio is 114.29%.

Several research analysts have commented on the company. BidaskClub raised Capital Product Partners from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised Capital Product Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded Capital Product Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Finally, Jefferies Group assumed coverage on Capital Product Partners in a research note on Monday, December 18th. They set a “buy” rating and a $5.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Capital Product Partners currently has an average rating of “Hold” and a consensus price target of $4.67.

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About Capital Product Partners

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.

Earnings History for Capital Product Partners (NASDAQ:CPLP)

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