Global Partners (GLP) to Release Earnings on Thursday

Global Partners (NYSE:GLP - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results before the market opens on Thursday, May 8th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $5.64 billion for the quarter.

Global Partners Stock Performance

Shares of Global Partners stock traded down $0.27 on Tuesday, hitting $50.57. The stock had a trading volume of 3,861 shares, compared to its average volume of 77,351. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 15.26 and a beta of 1.02. The business's 50 day moving average is $52.28 and its two-hundred day moving average is $51.89. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 2.41. Global Partners has a twelve month low of $37.00 and a twelve month high of $60.00.

Global Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, May 9th will be given a dividend of $0.745 per share. This is a boost from Global Partners's previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Friday, May 9th. This represents a $2.98 annualized dividend and a yield of 5.89%. Global Partners's dividend payout ratio (DPR) is presently 123.14%.

Insider Buying and Selling at Global Partners

In other Global Partners news, COO Mark Romaine sold 2,195 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $54.06, for a total transaction of $118,661.70. Following the sale, the chief operating officer now owns 156,198 shares of the company's stock, valued at approximately $8,444,063.88. The trade was a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 41.50% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut shares of Global Partners from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $54.00 to $56.00 in a research note on Tuesday, March 4th.

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. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.