Capital Clean Energy Carriers (CCEC) to Release Quarterly Earnings on Friday

Capital Clean Energy Carriers (NASDAQ:CCEC) is scheduled to be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

Capital Clean Energy Carriers (NASDAQ:CCEC) last announced its earnings results on Friday, August 2nd. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.23. The business had revenue of $95.51 million for the quarter, compared to analyst estimates of $90.22 million. Capital Clean Energy Carriers had a return on equity of 6.83% and a net margin of 24.89%. On average, analysts expect Capital Clean Energy Carriers to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Capital Clean Energy Carriers Price Performance

CCEC traded up $0.38 on Tuesday, reaching $18.99. The company’s stock had a trading volume of 11,821 shares, compared to its average volume of 61,560. Capital Clean Energy Carriers has a 1 year low of $12.70 and a 1 year high of $20.26. The firm has a 50 day moving average of $18.38. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.50 and a current ratio of 0.53. The firm has a market cap of $1.05 billion, a PE ratio of 7.30 and a beta of 0.86.

Capital Clean Energy Carriers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 11th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Monday, November 11th. Capital Clean Energy Carriers’s payout ratio is currently 23.53%.

Analysts Set New Price Targets

CCEC has been the topic of several recent analyst reports. Evercore ISI started coverage on shares of Capital Clean Energy Carriers in a report on Thursday, September 5th. They issued an “outperform” rating and a $22.00 price target on the stock. Fearnley Fonds raised shares of Capital Clean Energy Carriers to a “strong-buy” rating in a research report on Thursday, October 10th.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp., 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 cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.