Analysts expect Global Partners LP (NYSE:GLP) to announce earnings of $0.13 per share for the current quarter, Zacks reports. Two analysts have provided estimates for Global Partners’ earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at $0.40. Global Partners posted earnings of ($0.44) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 129.5%. The business is scheduled to report its next earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Global Partners will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.29 to $1.02. For the next financial year, analysts forecast that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.24 to $1.21. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Global Partners.
Global Partners (NYSE:GLP) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.08 by $0.28. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $2.98 billion. Global Partners had a net margin of 0.45% and a return on equity of 14.37%.
Shares of Global Partners stock traded down $0.08 during trading on Friday, hitting $18.87. 1,931 shares of the stock were exchanged, compared to its average volume of 80,664. The stock’s fifty day moving average is $19.99 and its 200 day moving average is $19.65. The stock has a market cap of $644.30 million, a PE ratio of 10.91 and a beta of 0.87. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.70 and a current ratio of 1.33. Global Partners has a 12 month low of $13.63 and a 12 month high of $21.62.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Friday, August 9th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 10.92%. This is an increase from Global Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Thursday, August 8th. Global Partners’s dividend payout ratio is presently 119.08%.
Hedge funds and other institutional investors have recently modified their holdings of the business. Albert D Mason Inc. lifted its holdings in Global Partners by 45.3% in the 1st quarter. Albert D Mason Inc. now owns 49,915 shares of the energy company’s stock valued at $981,000 after acquiring an additional 15,555 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Global Partners by 82.8% during the 2nd quarter. Moors & Cabot Inc. now owns 20,089 shares of the energy company’s stock worth $401,000 after buying an additional 9,101 shares during the period. Raymond James & Associates raised its holdings in Global Partners by 4.3% during the 4th quarter. Raymond James & Associates now owns 13,285 shares of the energy company’s stock worth $217,000 after buying an additional 550 shares during the period. HITE Hedge Asset Management LLC acquired a new stake in Global Partners during the 1st quarter worth about $215,000. Finally, OppenheimerFunds Inc. increased its holdings in shares of Global Partners by 9.7% in the 1st quarter. OppenheimerFunds Inc. now owns 5,416,435 shares of the energy company’s stock valued at $106,487,000 after purchasing an additional 480,508 shares during the period. 40.08% of the stock is owned by institutional investors.
About Global Partners
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York.
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