Capital Product Partners (CPLP) Set to Announce Earnings on Tuesday

Capital Product Partners (NASDAQ:CPLP) will be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Capital Product Partners (NASDAQ:CPLP) last issued its earnings results on Friday, February 2nd. The shipping company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.04). Capital Product Partners had a return on equity of 7.78% and a net margin of 13.09%. The business had revenue of $92.50 million for the quarter, compared to the consensus estimate of $93.32 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. 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 Stock Performance

NASDAQ CPLP traded up $0.30 on Friday, reaching $16.50. The stock had a trading volume of 5,135 shares, compared to its average volume of 125,109. The company has a debt-to-equity ratio of 2.27, a current ratio of 0.99 and a quick ratio of 0.96. The firm has a fifty day moving average of $17.38 and a two-hundred day moving average of $15.88. Capital Product Partners has a 1-year low of $12.02 and a 1-year high of $18.85. The company has a market cap of $339.90 million, a P/E ratio of 7.53 and a beta of 0.86.

Analyst Ratings Changes

A number of research analysts have commented on the company. B. Riley upped their price objective on Capital Product Partners from $19.00 to $24.00 and gave the company a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus reduced their target price on Capital Product Partners from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Finally, Jefferies Financial Group lowered Capital Product Partners from a “buy” rating to a “hold” rating and reduced their target price for the stock from $22.00 to $18.00 in a 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. According to MarketBeat.com, Capital Product Partners currently has an average rating of “Moderate Buy” and a consensus target price of $20.67.

About Capital Product Partners

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.