Analysts Anticipate Capital Product Partners L.P. (CPLP) to Post $0.06 Earnings Per Share

Brokerages expect Capital Product Partners L.P. (NASDAQ:CPLP) to report $0.06 earnings per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Capital Product Partners’ earnings. The highest EPS estimate is $0.06 and the lowest is $0.05. Capital Product Partners reported earnings of $0.08 per share during the same quarter last year, which would indicate a negative year over year growth rate of 25%. The company is expected to report its next quarterly earnings report on Friday, April 27th.

On average, analysts expect that Capital Product Partners will report full year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.34. For the next year, analysts expect that the business will post earnings of $0.33 per share, with EPS estimates ranging from $0.23 to $0.46. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Capital Product Partners.

Capital Product Partners (NASDAQ:CPLP) last posted its quarterly earnings data on Wednesday, January 31st. The shipping company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Capital Product Partners had a net margin of 14.31% and a return on equity of 4.17%. The firm had revenue of $64.11 million for the quarter, compared to analysts’ expectations of $59.70 million.

Several equities analysts have weighed in on the stock. Jefferies Group assumed coverage on shares of Capital Product Partners in a research report on Monday, December 18th. They set a “buy” rating and a $5.00 price objective on the stock. Zacks Investment Research cut shares of Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. TheStreet cut shares of Capital Product Partners from a “b-” rating to a “c” rating in a research report on Friday, February 2nd. ValuEngine cut shares of Capital Product Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, BidaskClub upgraded shares of Capital Product Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.50.

Capital Product Partners (NASDAQ:CPLP) traded down $0.12 during midday trading on Tuesday, reaching $3.11. 472,994 shares of the company’s stock traded hands, compared to its average volume of 523,083. Capital Product Partners has a 12-month low of $2.98 and a 12-month high of $4.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.86. The stock has a market cap of $420.09, a PE ratio of 14.14 and a beta of 1.33.

The business 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 dividend on an annualized basis and a dividend yield of 10.29%. The ex-dividend date of this dividend is Thursday, February 1st. Capital Product Partners’s dividend payout ratio (DPR) is currently 145.45%.

Large investors have recently modified their holdings of the business. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of Capital Product Partners during the 4th quarter valued at $127,000. Virtu Financial LLC acquired a new stake in shares of Capital Product Partners during the 4th quarter valued at $182,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Capital Product Partners by 0.8% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 66,107 shares of the shipping company’s stock valued at $225,000 after buying an additional 523 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Capital Product Partners by 6.8% during the 2nd quarter. Wells Fargo & Company MN now owns 100,914 shares of the shipping company’s stock valued at $343,000 after buying an additional 6,450 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Capital Product Partners by 210.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 101,677 shares of the shipping company’s stock valued at $356,000 after buying an additional 68,970 shares during the period. 18.55% of the stock is owned by institutional investors.

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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.

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