Equities analysts forecast that Global Partners LP (NYSE:GLP) will post $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Global Partners’ earnings, with estimates ranging from $0.16 to $0.33. Global Partners posted earnings of $0.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 733.3%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, November 8th.

On average, analysts expect that Global Partners will report full year earnings of $0.89 per share for the current fiscal year, with EPS estimates ranging from $0.51 to $1.19. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.47 per share, with EPS estimates ranging from $0.11 to $0.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Global Partners.

Global Partners (NYSE:GLP) last posted its quarterly earnings results on Wednesday, August 9th. The energy company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. Global Partners had a negative net margin of 1.83% and a positive return on equity of 0.21%. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the firm posted ($0.22) earnings per share.

Several research firms recently issued reports on GLP. BidaskClub cut shares of Global Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Global Partners from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus restated a “buy” rating and set a $21.00 price objective on shares of Global Partners in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.40.

Global Partners (GLP) opened at $17.85 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.59 and a quick ratio of 0.78. The firm has a market cap of $598.33, a PE ratio of 352.00 and a beta of 1.11. Global Partners has a 52 week low of $14.85 and a 52 week high of $21.95.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date of this dividend is Wednesday, November 8th. Global Partners’s dividend payout ratio is presently -39.11%.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in shares of Global Partners by 9.8% during the first quarter. Goldman Sachs Group Inc. now owns 791,950 shares of the energy company’s stock valued at $15,443,000 after acquiring an additional 70,756 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in shares of Global Partners by 81.6% during the second quarter. Winslow Evans & Crocker Inc. now owns 57,165 shares of the energy company’s stock valued at $1,052,000 after acquiring an additional 25,691 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Global Partners by 3.0% during the second quarter. Kayne Anderson Capital Advisors LP now owns 1,820,223 shares of the energy company’s stock valued at $32,851,000 after acquiring an additional 53,700 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Global Partners by 5.2% during the second quarter. HITE Hedge Asset Management LLC now owns 653,220 shares of the energy company’s stock valued at $11,791,000 after acquiring an additional 32,000 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Global Partners by 267.8% during the second quarter. GSA Capital Partners LLP now owns 48,556 shares of the energy company’s stock valued at $876,000 after acquiring an additional 35,356 shares during the last quarter. Institutional investors and hedge funds own 39.79% of the company’s stock.

Global Partners Company Profile

Global Partners LP is a midstream logistics and marketing company. It is engaged in the purchasing, selling, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane.

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