Analysts Expect Capital Product Partners L.P. (CPLP) to Post $0.06 EPS

Analysts expect Capital Product Partners L.P. (NASDAQ:CPLP) to post earnings per share (EPS) of $0.06 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Capital Product Partners L.P.’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.06. Capital Product Partners L.P. posted earnings of $0.09 per share during the same quarter last year, which suggests a negative year over year growth rate of 33.3%. The business is expected to issue its next earnings report on Tuesday, January 30th.

On average, analysts expect that Capital Product Partners L.P. will report full year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.24. For the next fiscal year, analysts forecast that the firm will post earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Capital Product Partners L.P..

Capital Product Partners L.P. (NASDAQ:CPLP) last released its earnings results on Friday, October 27th. The shipping company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Capital Product Partners L.P. had a net margin of 17.17% and a return on equity of 4.70%. The firm had revenue of $62.68 million for the quarter, compared to analyst estimates of $59.71 million.

Several research firms have commented on CPLP. BidaskClub lowered shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. ValuEngine lowered shares of Capital Product Partners L.P. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. UBS AG reissued a “neutral” rating and issued a $4.00 target price (down from $4.50) on shares of Capital Product Partners L.P. in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Capital Product Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, TheStreet raised shares of Capital Product Partners L.P. from a “c” rating to a “b-” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $4.75.

Capital Product Partners L.P. (CPLP) traded up $0.02 during mid-day trading on Friday, reaching $3.22. 265,526 shares of the company’s stock traded hands, compared to its average volume of 432,226. The company has a current ratio of 0.81, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Capital Product Partners L.P. has a 52-week low of $2.80 and a 52-week high of $4.00. The company has a market cap of $407.19, a price-to-earnings ratio of 11.50 and a beta of 1.64.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Friday, November 3rd were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.94%. Capital Product Partners L.P.’s payout ratio is currently 114.29%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Partnervest Advisory Services LLC boosted its stake in shares of Capital Product Partners L.P. by 12.6% in the 3rd quarter. Partnervest Advisory Services LLC now owns 149,585 shares of the shipping company’s stock valued at $524,000 after purchasing an additional 16,749 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Capital Product Partners L.P. by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 995,961 shares of the shipping company’s stock valued at $3,486,000 after purchasing an additional 68,892 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Capital Product Partners L.P. by 210.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 101,677 shares of the shipping company’s stock valued at $356,000 after purchasing an additional 68,970 shares in the last quarter. Goodman Financial Corp acquired a new stake in shares of Capital Product Partners L.P. in the 3rd quarter valued at approximately $2,768,000. Finally, Susquehanna International Group LLP boosted its stake in shares of Capital Product Partners L.P. by 354.2% in the 2nd quarter. Susquehanna International Group LLP now owns 146,220 shares of the shipping company’s stock valued at $497,000 after purchasing an additional 114,028 shares in the last quarter. Institutional investors own 18.62% of the company’s stock.

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Capital Product Partners L.P. Company Profile

Capital Product Partners L.P. is an international owner of tanker, container and drybulk vessels. The Company’s fleet consisted of 36 high specification vessels with an average age of approximately 7.4 years, as of December 31, 2016. As of December 31, 2016, its fleet consisted of four Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container carrier vessels and one Capesize bulk carrier.

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