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

Capital Product Partners (NASDAQ:CPLP) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, May 13th. Analysts expect the company to announce earnings of $0.30 per share for the quarter.

CPLP stock opened at $10.64 on Friday. Capital Product Partners has a 52-week low of $10.30 and a 52-week high of $22.57. The company has a market cap of $197.16 million, a PE ratio of 10.86 and a beta of 1.04. The company has a quick ratio of 0.49, a current ratio of 0.56 and a debt-to-equity ratio of 0.50.

The firm also recently announced a special dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.315 per share. The ex-dividend date is Friday, May 10th.

An institutional investor recently raised its position in Capital Product Partners stock. Geode Capital Management LLC increased its position in Capital Product Partners L.P. (NASDAQ:CPLP) by 113.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 279,574 shares of the shipping company’s stock after acquiring an additional 148,676 shares during the period. Geode Capital Management LLC owned about 0.22% of Capital Product Partners worth $584,000 at the end of the most recent reporting period.

CPLP has been the subject of several recent research reports. ValuEngine lowered shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Capital Product Partners from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a report on Monday, February 4th. BidaskClub lowered shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 12th. Finally, B. Riley restated a “buy” rating and issued a $14.00 price objective (up from $12.25) on shares of Capital Product Partners in a report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Capital Product Partners has an average rating of “Hold” and an average target price of $17.88.

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Capital Product Partners Company Profile

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel; edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.

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Earnings History for Capital Product Partners (NASDAQ:CPLP)

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