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.
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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