Analysts expect Capital Product Partners L.P. (NASDAQ:CPLP) to report sales of $59.96 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Capital Product Partners’ earnings. The highest sales estimate is $62.37 million and the lowest is $58.01 million. Capital Product Partners posted sales of $62.40 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.9%. The business is expected to issue its next quarterly earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Capital Product Partners will report full-year sales of $59.96 million for the current fiscal year, with estimates ranging from $232.94 million to $247.38 million. For the next year, analysts anticipate that the firm will post sales of $240.23 million per share, with estimates ranging from $226.00 million to $259.22 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Capital Product Partners.

Capital Product Partners (NASDAQ:CPLP) last announced 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 had a return on equity of 4.70% and a net margin of 17.17%. The business had revenue of $62.68 million during the quarter, compared to the consensus estimate of $59.71 million.

CPLP has been the subject of several analyst reports. TheStreet raised Capital Product Partners from a “c” rating to a “b-” rating in a report on Thursday, August 17th. ValuEngine raised Capital Product Partners from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised Capital Product Partners from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. Finally, BidaskClub raised Capital Product Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday. One equities 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 stock presently has an average rating of “Hold” and an average target price of $4.75.

Shares of Capital Product Partners (CPLP) traded up $0.03 during midday trading on Friday, hitting $3.46. The stock had a trading volume of 913,759 shares, compared to its average volume of 529,928. Capital Product Partners has a twelve month low of $2.94 and a twelve month high of $4.00. The stock has a market capitalization of $418.57, a P/E ratio of 11.82 and a beta of 1.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, November 3rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 9.25%. The ex-dividend date was Thursday, November 2nd. Capital Product Partners’s payout ratio is 114.29%.

Large investors have recently bought and sold shares of the stock. Fiduciary Financial Services of The Southwest Inc. TX acquired a new position in Capital Product Partners during the second quarter valued at $106,000. Russell Investments Group Ltd. acquired a new position in Capital Product Partners during the second quarter valued at $111,000. Citadel Advisors LLC raised its position in Capital Product Partners by 60.6% during the second quarter. Citadel Advisors LLC now owns 43,243 shares of the shipping company’s stock valued at $147,000 after buying an additional 16,318 shares during the period. Marshall Wace North America L.P. acquired a new position in Capital Product Partners during the second quarter valued at $150,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in Capital Product Partners by 0.8% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 66,107 shares of the shipping company’s stock valued at $225,000 after buying an additional 523 shares during the period. 19.26% of the stock is currently owned by hedge funds and other institutional investors.

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About Capital Product Partners

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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