Global Partners (NYSE:GLP) Issues Quarterly Earnings Results, Beats Expectations By $0.54 EPS
Global Partners (NYSE:GLP) released its quarterly earnings results on Thursday. The energy company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.54, Fidelity Earnings reports. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Global Partners had a return on equity of 14.37% and a net margin of 0.45%.
NYSE GLP traded down $0.38 during midday trading on Friday, hitting $19.95. The company had a trading volume of 133,860 shares, compared to its average volume of 77,422. The company has a market capitalization of $691.02 million, a PE ratio of 11.53 and a beta of 0.90. The company has a current ratio of 1.33, a quick ratio of 0.72 and a debt-to-equity ratio of 3.55. The firm has a 50-day moving average price of $20.06 and a 200-day moving average price of $19.87. Global Partners has a twelve month low of $13.63 and a twelve month high of $21.62.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 8th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This is a boost from Global Partners’s previous quarterly dividend of $0.52. This represents a $2.08 annualized dividend and a yield of 10.43%. Global Partners’s payout ratio is currently 119.08%.
Global Partners Company Profile
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York.
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