Capital Product Partners L.P. (NASDAQ:CPLP) – Equities research analysts at B. Riley issued their Q2 2019 earnings per share estimates for shares of Capital Product Partners in a research report issued on Tuesday, May 14th. B. Riley analyst L. Burke anticipates that the shipping company will post earnings per share of $0.46 for the quarter. B. Riley has a “Buy” rating and a $14.00 price objective on the stock. B. Riley also issued estimates for Capital Product Partners’ Q3 2019 earnings at $0.44 EPS, Q4 2019 earnings at $0.50 EPS, FY2019 earnings at $1.34 EPS and FY2020 earnings at $2.06 EPS.
Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings data on Monday, May 13th. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.41). The company had revenue of $26.28 million for the quarter, compared to the consensus estimate of $57.93 million. Capital Product Partners had a negative net margin of 59.95% and a positive return on equity of 3.64%.
A number of other research firms have also weighed in on CPLP. ValuEngine lowered shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Capital Product Partners from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a report on Monday, February 4th. Finally, BidaskClub lowered shares of Capital Product Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $17.88.
Capital Product Partners stock opened at $10.44 on Thursday. Capital Product Partners has a 1 year low of $10.11 and a 1 year high of $22.57. The company has a current ratio of 0.56, a quick ratio of 0.49 and a debt-to-equity ratio of 0.50. The company has a market cap of $193.47 million, a PE ratio of 10.65 and a beta of 1.04.
The firm also recently announced a special dividend, which was paid on Wednesday, May 15th. Investors of record on Monday, May 13th were issued a $0.315 dividend. The ex-dividend date was Friday, May 10th. Capital Product Partners’s dividend payout ratio (DPR) is presently 128.57%.
Hedge funds have recently bought and sold shares of the stock. Madrona Financial Services LLC purchased a new position in shares of Capital Product Partners in the fourth quarter valued at $35,000. Concorde Asset Management LLC purchased a new position in shares of Capital Product Partners in the fourth quarter valued at $75,000. Acadian Asset Management LLC purchased a new position in shares of Capital Product Partners in the fourth quarter valued at $32,000. Wiley BROS. Aintree Capital LLC purchased a new position in Capital Product Partners during the fourth quarter worth $75,000. Finally, Two Sigma Investments LP boosted its stake in Capital Product Partners by 273.9% during the fourth quarter. Two Sigma Investments LP now owns 467,551 shares of the shipping company’s stock worth $977,000 after buying an additional 342,493 shares during the period.
About Capital Product Partners
Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel; edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters.
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