Capital Product Partners (NASDAQ:CPLP) Posts Earnings Results
Capital Product Partners (NASDAQ:CPLP) issued its quarterly earnings results on Friday. The shipping company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04), MarketWatch Earnings reports. Capital Product Partners had a return on equity of 5.86% and a net margin of 20.41%. The business had revenue of $35.25 million for the quarter, compared to analysts’ expectations of $35.09 million.
Shares of CPLP traded down $1.15 during trading hours on Friday, hitting $5.65. The stock had a trading volume of 1,090,240 shares, compared to its average volume of 118,775. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.26 and a current ratio of 0.28. The firm has a market cap of $104.67 million, a P/E ratio of 4.35 and a beta of 1.58. The company’s fifty day simple moving average is $8.26 and its 200 day simple moving average is $9.25. Capital Product Partners has a 12-month low of $5.18 and a 12-month high of $14.20.
The company also recently announced a dividend, which will be paid on Friday, August 14th. Investors of record on Sunday, August 9th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 6th. Capital Product Partners’s dividend payout ratio (DPR) is currently 168.67%.
Capital Product Partners Company Profile
Capital Product Partners LP operates as an international shipping company. It engages in the seaborne transportation of cargo, including crude oil, refined oil products and chemicals. The company fleet consists of vessels, suezmax crude oil tankers, medium range tankers, and capesize bulk carrier. Capital Product Partners was founded on January 16, 2007 and is headquartered in Piraeus, Greece.
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