Equities research analysts expect that Capital Product Partners L.P. (NASDAQ:CPLP) will report earnings per share of $0.37 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Capital Product Partners’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.49. Capital Product Partners reported earnings of $0.14 per share in the same quarter last year, which suggests a positive year over year growth rate of 164.3%. The business is scheduled to announce its next quarterly earnings report on Monday, April 29th.

According to Zacks, analysts expect that Capital Product Partners will report full year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.68. For the next financial year, analysts expect that the company will post earnings of $2.06 per share, with EPS estimates ranging from $1.92 to $2.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Capital Product Partners.

Capital Product Partners (NASDAQ:CPLP) last announced its earnings results on Thursday, January 31st. The shipping company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.42 by $0.14. Capital Product Partners had a return on equity of 3.24% and a net margin of 0.13%. The business had revenue of $61.51 million during the quarter, compared to the consensus estimate of $59.64 million.

Several equities research analysts have recently commented on CPLP shares. BidaskClub raised Capital Product Partners from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. ValuEngine raised Capital Product Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research raised Capital Product Partners from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a report on Monday, February 4th. Wells Fargo & Co downgraded Capital Product Partners from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $28.00 to $21.00 in a research note on Thursday, January 10th. Finally, B. Riley reissued a “buy” rating and issued a $14.00 price objective (up from $12.25) on shares of Capital Product Partners in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Capital Product Partners has a consensus rating of “Buy” and an average price target of $17.88.

A number of institutional investors have recently made changes to their positions in CPLP. Group One Trading L.P. purchased a new stake in Capital Product Partners in the 4th quarter worth about $25,000. Acadian Asset Management LLC acquired a new position in shares of Capital Product Partners in the fourth quarter valued at approximately $32,000. Madrona Financial Services LLC acquired a new position in shares of Capital Product Partners in the fourth quarter valued at approximately $35,000. Two Sigma Securities LLC acquired a new position in shares of Capital Product Partners in the fourth quarter valued at approximately $40,000. Finally, Wiley BROS. Aintree Capital LLC acquired a new position in shares of Capital Product Partners in the fourth quarter valued at approximately $75,000.

Shares of NASDAQ CPLP traded up $0.08 during mid-day trading on Monday, hitting $11.27. 3,856 shares of the company traded hands, compared to its average volume of 172,659. Capital Product Partners has a 1 year low of $10.30 and a 1 year high of $23.17. The company has a market cap of $206.70 million, a price-to-earnings ratio of 11.45 and a beta of 1.02. The company has a quick ratio of 0.49, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

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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