Wall Street brokerages expect Capital Product Partners L.P. (NASDAQ:CPLP) to post sales of $58.97 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Capital Product Partners’ earnings, with the lowest sales estimate coming in at $55.00 million and the highest estimate coming in at $62.21 million. Capital Product Partners reported sales of $65.54 million during the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The company is scheduled to report its next quarterly earnings report on Monday, April 29th.

On average, analysts expect that Capital Product Partners will report full-year sales of $139.94 million for the current financial year, with estimates ranging from $137.49 million to $142.38 million. For the next fiscal year, analysts forecast that the company will post sales of $112.27 million, with estimates ranging from $103.80 million to $125.33 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Capital Product Partners.

Capital Product Partners (NASDAQ:CPLP) last issued its quarterly earnings data on Thursday, January 31st. The shipping company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $61.51 million for the quarter, compared to the consensus estimate of $59.64 million. Capital Product Partners had a net margin of 0.13% and a return on equity of 3.24%.

CPLP has been the topic of several recent research reports. BidaskClub downgraded shares of Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Thursday, January 24th. ValuEngine downgraded shares of Capital Product Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. B. Riley initiated coverage on shares of 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 downgraded shares of Capital Product Partners from a “c” rating to a “d+” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of 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, February 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $2.94.

Capital Product Partners stock traded down $0.02 during midday trading on Friday, reaching $2.16. 14,134 shares of the company traded hands, compared to its average volume of 632,674. The company has a market cap of $281.85 million, a price-to-earnings ratio of 15.57 and a beta of 1.11. Capital Product Partners has a 12 month low of $2.05 and a 12 month high of $3.31. The company has a quick ratio of 0.49, a current ratio of 0.56 and a debt-to-equity ratio of 0.44.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Tuesday, February 5th will be given a $0.045 dividend. The ex-dividend date is Monday, February 4th. This represents a $0.18 annualized dividend and a yield of 8.33%. Capital Product Partners’s payout ratio is presently 128.57%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPLP. Donald Smith & CO. Inc. increased its stake in shares of Capital Product Partners by 100.5% in the fourth quarter. Donald Smith & CO. Inc. now owns 4,532,859 shares of the shipping company’s stock worth $9,474,000 after purchasing an additional 2,272,183 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Capital Product Partners in the fourth quarter worth $32,000. Wiley BROS. Aintree Capital LLC purchased a new stake in shares of Capital Product Partners in the fourth quarter worth $75,000. Group One Trading L.P. purchased a new stake in shares of Capital Product Partners in the fourth quarter worth $25,000. Finally, Goodman Financial Corp increased its stake in shares of Capital Product Partners by 1.7% in the fourth quarter. Goodman Financial Corp now owns 963,964 shares of the shipping company’s stock worth $2,015,000 after purchasing an additional 16,522 shares in the last quarter. Institutional investors and hedge funds own 16.83% of the company’s stock.

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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