$0.04 Earnings Per Share Expected for Capital Product Partners L.P. (CPLP) This Quarter

Equities research analysts forecast that Capital Product Partners L.P. (NASDAQ:CPLP) will announce earnings per share (EPS) of $0.04 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Capital Product Partners’ earnings. The lowest EPS estimate is $0.03 and the highest is $0.05. Capital Product Partners posted earnings of $0.05 per share in the same quarter last year, which would suggest a negative year over year growth rate of 20%. The firm is expected to report its next earnings report on Friday, October 26th.

According to Zacks, analysts expect that Capital Product Partners will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.08 to $0.17. For the next financial year, analysts forecast that the firm will report earnings of $0.28 per share, with EPS estimates ranging from $0.20 to $0.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Capital Product Partners.

Capital Product Partners (NASDAQ:CPLP) last announced its earnings results on Friday, July 27th. The shipping company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $65.54 million during the quarter, compared to analysts’ expectations of $59.82 million. Capital Product Partners had a net margin of 8.86% and a return on equity of 2.90%.

A number of equities research analysts recently weighed in on CPLP shares. ValuEngine raised shares of Capital Product Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. BidaskClub upgraded shares of Capital Product Partners from a “sell” rating to a “hold” rating in a research report on Saturday, July 7th. Janney Montgomery Scott cut shares of Capital Product Partners from a “buy” rating to a “neutral” rating and reduced their price target for the company from $4.50 to $3.50 in a research report on Wednesday, August 29th. Finally, Zacks Investment Research cut shares of Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Capital Product Partners has an average rating of “Hold” and an average price target of $4.25.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG grew its position in Capital Product Partners by 2.6% during the first quarter. UBS Group AG now owns 727,571 shares of the shipping company’s stock valued at $2,270,000 after acquiring an additional 18,712 shares during the last quarter. Eagle Boston Investment Management Inc. grew its position in Capital Product Partners by 7.8% during the second quarter. Eagle Boston Investment Management Inc. now owns 549,425 shares of the shipping company’s stock valued at $1,681,000 after acquiring an additional 39,980 shares during the last quarter. Guggenheim Capital LLC grew its position in Capital Product Partners by 5.5% during the first quarter. Guggenheim Capital LLC now owns 797,122 shares of the shipping company’s stock valued at $2,487,000 after acquiring an additional 41,420 shares during the last quarter. Captrust Financial Advisors bought a new position in Capital Product Partners during the second quarter valued at approximately $174,000. Finally, GSA Capital Partners LLP grew its position in Capital Product Partners by 42.0% during the second quarter. GSA Capital Partners LLP now owns 251,899 shares of the shipping company’s stock valued at $771,000 after acquiring an additional 74,540 shares during the last quarter. Institutional investors and hedge funds own 17.90% of the company’s stock.

Shares of CPLP opened at $2.74 on Tuesday. The company has a market capitalization of $359.23 million, a P/E ratio of 10.96 and a beta of 1.23. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.46. Capital Product Partners has a 1-year low of $2.69 and a 1-year high of $3.60.

Capital Product Partners Company Profile

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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