Equities analysts predict that Capital Product Partners L.P. (NASDAQ:CPLP) will report $60.30 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Capital Product Partners’ earnings, with estimates ranging from $57.70 million to $62.21 million. Capital Product Partners reported sales of $65.54 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 8%. The firm is expected to announce its next quarterly earnings results on Monday, April 29th.

According to Zacks, analysts expect that Capital Product Partners will report full-year sales of $139.94 million for the current fiscal year, with estimates ranging from $137.49 million to $142.38 million. For the next year, analysts anticipate that the company will post sales of $116.51 million, with estimates ranging from $107.69 million to $125.33 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Capital Product Partners.

Capital Product Partners (NASDAQ:CPLP) last released its quarterly earnings results on Thursday, January 31st. The shipping company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Capital Product Partners had a return on equity of 3.21% and a net margin of 0.13%. The firm had revenue of $61.51 million for the quarter, compared to analyst estimates of $59.64 million.

A number of research firms have commented on CPLP. BidaskClub lowered Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. ValuEngine lowered Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. B. Riley began coverage on Capital Product Partners in a research report on Tuesday, December 4th. They issued a “buy” rating and a $2.75 price target on the stock. TheStreet lowered Capital Product Partners from a “c” rating to a “d+” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded Capital Product Partners from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Capital Product Partners presently has an average rating of “Hold” and an average price target of $2.94.

NASDAQ CPLP opened at $2.17 on Friday. Capital Product Partners has a 12 month low of $2.05 and a 12 month high of $3.31. The stock has a market capitalization of $281.41 million, a price-to-earnings ratio of 15.50 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.48 and a current ratio of 0.54.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 14th. Stockholders of record on Tuesday, February 5th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date is Monday, February 4th. Capital Product Partners’s dividend payout ratio is 128.57%.

Several large investors have recently made changes to their positions in CPLP. Group One Trading L.P. acquired a new position in shares of Capital Product Partners in the 4th quarter valued at about $25,000. Acadian Asset Management LLC acquired a new position in shares of Capital Product Partners in the 4th quarter valued at about $32,000. Concorde Asset Management LLC acquired a new position in shares of Capital Product Partners in the 4th quarter valued at about $75,000. Wiley BROS. Aintree Capital LLC acquired a new position in shares of Capital Product Partners in the 4th quarter valued at about $75,000. Finally, Virtu Financial LLC acquired a new position in shares of Capital Product Partners in the 4th quarter valued at about $90,000. 16.88% of the stock is currently owned by institutional investors.

About Capital Product Partners

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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