Capital Product Partners (NASDAQ:CPLP - Get Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Capital Product Partners to post earnings of $0.31 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Capital Product Partners (NASDAQ:CPLP - Get Free Report) last posted its quarterly earnings data on Friday, February 2nd. The shipping company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.04). The company had revenue of $92.50 million for the quarter, compared to analysts' expectations of $93.32 million. Capital Product Partners had a net margin of 13.09% and a return on equity of 7.78%. During the same quarter last year, the business posted $1.03 EPS. On average, analysts expect Capital Product Partners to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Capital Product Partners Price Performance
Shares of Capital Product Partners stock traded up $0.45 on Friday, hitting $16.65. 17,519 shares of the company traded hands, compared to its average volume of 125,262. The firm's 50-day simple moving average is $17.35 and its 200 day simple moving average is $15.90. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 2.27. The company has a market cap of $342.99 million, a P/E ratio of 7.67 and a beta of 0.86. Capital Product Partners has a 12-month low of $12.02 and a 12-month high of $18.85.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Capital Product Partners from $21.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, April 19th. B. Riley lifted their target price on shares of Capital Product Partners from $19.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, February 5th. Finally, Jefferies Financial Group cut shares of Capital Product Partners from a "buy" rating to a "hold" rating and decreased their target price for the stock from $22.00 to $18.00 in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $20.67.
Check Out Our Latest Analysis on Capital Product Partners
About Capital Product Partners
(
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Capital Product Partners L.P., 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 dry bulk cargo under short-term voyage charters, and medium to long-term time charters.
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