Capital Product Partners (NASDAQ:CPLP – Get Free Report) is scheduled to be releasing its earnings data before the market opens on Friday, August 2nd. Analysts expect Capital Product Partners to post earnings of $0.17 per share for the quarter.
Capital Product Partners (NASDAQ:CPLP – Get Free Report) last posted its earnings results on Tuesday, April 30th. The shipping company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Capital Product Partners had a return on equity of 6.30% and a net margin of 18.51%. The company had revenue of $100.64 million for the quarter, compared to analyst estimates of $101.95 million. On average, analysts expect Capital Product Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Capital Product Partners Stock Down 2.1 %
NASDAQ CPLP traded down $0.35 during trading on Tuesday, hitting $16.13. 3,539 shares of the company traded hands, compared to its average volume of 80,579. Capital Product Partners has a 12 month low of $12.70 and a 12 month high of $18.85. The business has a fifty day simple moving average of $17.12 and a 200 day simple moving average of $17.26. The company has a current ratio of 1.41, a quick ratio of 1.20 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $893.44 million, a P/E ratio of 7.20 and a beta of 0.87.
Capital Product Partners Dividend Announcement
Analyst Ratings Changes
Several equities analysts have weighed in on CPLP shares. Stifel Nicolaus cut their target price on Capital Product Partners from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 19th. StockNews.com upgraded Capital Product Partners from a “hold” rating to a “buy” rating in a research note on Friday, June 14th.
Check Out Our Latest Stock Report on CPLP
Capital Product Partners Company Profile
Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company's vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and dry bulk cargo under short-term voyage charters, and medium to long-term time charters.
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