Equities research analysts expect Capital Product Partners L.P. (NASDAQ:CPLP) to announce $0.06 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Capital Product Partners L.P.’s earnings, with estimates ranging from $0.05 to $0.06. Capital Product Partners L.P. posted earnings per share of $0.09 in the same quarter last year, which suggests a negative year-over-year growth rate of 33.3%. The company is expected to report its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, 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 financial year, analysts forecast that the business will report earnings of $0.24 per share, with EPS estimates ranging from $0.20 to $0.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Capital Product Partners L.P..

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

Several research firms have recently issued reports on CPLP. Zacks Investment Research raised shares of Capital Product Partners L.P. from a “sell” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine raised shares of Capital Product Partners L.P. from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of Capital Product Partners L.P. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. TheStreet raised shares of Capital Product Partners L.P. from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, UBS AG reissued a “neutral” rating and set a $4.00 target price (down previously from $4.50) on shares of Capital Product Partners L.P. in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.75.

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Capital Product Partners L.P. (CPLP) traded up $0.05 during mid-day trading on Friday, hitting $3.28. 161,010 shares of the stock traded hands, compared to its average volume of 521,905. The company has a market capitalization of $408.45, a P/E ratio of 11.54 and a beta of 1.64. Capital Product Partners L.P. has a 12-month low of $2.80 and a 12-month high of $4.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.81 and a quick ratio of 0.79.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Friday, November 3rd were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend was Thursday, November 2nd. Capital Product Partners L.P.’s dividend payout ratio is presently 114.29%.

A number of large investors have recently bought and sold shares of CPLP. Arrowstreet Capital Limited Partnership acquired a new stake in Capital Product Partners L.P. in the second quarter worth $3,202,000. Renaissance Technologies LLC grew its holdings in Capital Product Partners L.P. by 307.4% in the first quarter. Renaissance Technologies LLC now owns 1,117,635 shares of the shipping company’s stock worth $3,990,000 after purchasing an additional 843,300 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Capital Product Partners L.P. by 97.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,683,908 shares of the shipping company’s stock valued at $6,012,000 after buying an additional 831,518 shares during the last quarter. Goodman Financial Corp acquired a new position in shares of Capital Product Partners L.P. during the third quarter valued at about $2,768,000. Finally, Global X Management Co. LLC grew its holdings in shares of Capital Product Partners L.P. by 22.9% during the second quarter. Global X Management Co. LLC now owns 2,229,685 shares of the shipping company’s stock valued at $7,581,000 after buying an additional 414,798 shares during the last quarter. Institutional investors and hedge funds own 18.62% of the company’s stock.

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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