Global Partners (GLP) to Release Quarterly Earnings on Wednesday

Global Partners (NYSE:GLP - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Global Partners to post earnings of $0.10 per share for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Global Partners (NYSE:GLP - Get Free Report) last released its earnings results on Wednesday, February 28th. The energy company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.45. Global Partners had a net margin of 0.92% and a return on equity of 23.91%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.39 billion. On average, analysts expect Global Partners to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Global Partners Stock Down 0.2 %

GLP traded down $0.09 on Wednesday, reaching $46.80. 59,983 shares of the company traded hands, compared to its average volume of 134,628. The stock's 50 day moving average price is $46.27 and its 200-day moving average price is $41.64. Global Partners has a 52-week low of $27.07 and a 52-week high of $49.50. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 12.45 and a beta of 1.35. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.12 and a quick ratio of 0.71.

Global Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 9th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This is an increase from Global Partners's previous quarterly dividend of $0.70. This represents a $2.84 dividend on an annualized basis and a yield of 6.07%. Global Partners's payout ratio is presently 74.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Global Partners from a "buy" rating to a "hold" rating in a research report on Tuesday, April 23rd.

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.