Free Trial

Capital Clean Energy Carriers (NASDAQ:CCEC) Posts Earnings Results, Beats Expectations By $0.11 EPS

Capital Clean Energy Carriers logo with Transportation background

Key Points

  • Capital Clean Energy Carriers (NASDAQ:CCEC) reported $0.51 earnings per share (EPS), exceeding analysts' expectations of $0.40 by $0.11.
  • The company announced a quarterly dividend of $0.15, yielding 2.7% on an annualized basis, with a payout ratio of 18.81%.
  • For the quarter, Capital Clean Energy Carriers posted revenue of $104.20 million, slightly below the anticipated $109.11 million.
  • Need better tools to track Capital Clean Energy Carriers? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Capital Clean Energy Carriers (NASDAQ:CCEC - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.11, Zacks reports. Capital Clean Energy Carriers had a return on equity of 10.91% and a net margin of 55.58%. The business had revenue of $104.20 million for the quarter, compared to analysts' expectations of $109.11 million.

Capital Clean Energy Carriers Stock Performance

NASDAQ:CCEC traded up $0.13 during mid-day trading on Wednesday, hitting $22.96. 7,107 shares of the company traded hands, compared to its average volume of 25,960. The stock's fifty day moving average price is $23.18 and its 200-day moving average price is $20.59. Capital Clean Energy Carriers has a one year low of $14.09 and a one year high of $24.83. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 7.20 and a beta of 0.53. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 1.72.

Capital Clean Energy Carriers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, August 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.6%. Capital Clean Energy Carriers's payout ratio is presently 18.81%.

Capital Clean Energy Carriers Company Profile

(Get Free Report)

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.

Featured Stories

Earnings History for Capital Clean Energy Carriers (NASDAQ:CCEC)

Should You Invest $1,000 in Capital Clean Energy Carriers Right Now?

Before you consider Capital Clean Energy Carriers, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital Clean Energy Carriers wasn't on the list.

While Capital Clean Energy Carriers currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Ride The A.I. Megaboom Cover


We are about to experience the greatest A.I. boom in stock market history...

Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.

That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.

  1. The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
  2. The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
  3. Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.

Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.

And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...

Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Quiet Growth Stocks With Major Momentum
The Market’s Next Big Winners? Start Here
5 High Short Interest Stocks to Buy Before November

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines