Global Partners (GLP) Expected to Announce Earnings on Thursday

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

Global Partners Stock Up 1.5 %

Shares of GLP traded up $0.77 during midday trading on Friday, reaching $51.37. The stock had a trading volume of 14,375 shares, compared to its average volume of 77,820. Global Partners has a 1-year low of $37.00 and a 1-year high of $60.00. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.14 and a quick ratio of 0.64. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 15.52 and a beta of 1.16. The company's fifty day simple moving average is $52.44 and its two-hundred day simple moving average is $51.82.

Global Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, May 9th will be issued a $0.745 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.98 dividend on an annualized basis and a dividend yield of 5.80%. This is an increase from Global Partners's previous quarterly dividend of $0.74. Global Partners's dividend payout ratio is presently 123.14%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus downgraded Global Partners from a "buy" rating to a "hold" rating and upped their price target for the company from $54.00 to $56.00 in a report on Tuesday, March 4th.

Insider Activity at Global Partners

In other Global Partners news, COO Mark Romaine sold 2,195 shares of the company's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $54.06, for a total value of $118,661.70. Following the completion of the transaction, the chief operating officer now owns 156,198 shares in the company, valued at $8,444,063.88. This represents a 1.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 41.50% of the company's stock.

Global Partners Company Profile

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.