Capital Product Partners L.P. (NASDAQ:CPLP) is reporting third quarter financial results on Monday 2nd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, CPLP is expected to report 3Q20 income of $ 0.37 per share from revenue of $ 33.93 million.
For the full year, analysts anticipate top line of $ 138.19 million, while looking forward to income of $ 1.59 per share bottom line.
Previous Quarter Performance
Capital Product Partners L.P. revealed income for the second quarter of $ 0.46 per share, from the revenue of $ 36.57 million. The quarterly earnings swell 4.55 percent while revenues increased 33.37 percent compared with the same quarter last year.
According to street consensus, CPLP was expected to report 2Q20 income of $ 0.50 per share from revenue of $ 35.69 million. The bottom line results missed street analysts by $ 0.04 or 8 percent, at the same time, top line results outshined analysts by $ 0.88 million or 2.47 percent.
Stock Performance
On Friday, shares of Capital Product Partners L.P. has traded high as $ 7.41 and has cracked $ 7.21 on the downward trend, reaching $ 7.41 with volume of 64.90 thousand shares.
According to the previous trading day, closing price of $ 7.41, representing a 38.22 % increase from the 52 week low of $ 5.18 and a 49.58 % decrease over the 52 week high of $ 14.20.
The company has a market capital of $ 138.00 million and is part of the Industrials sector and Shipping & Ports industry.
Recent Analyst recommendations
- On 19th October 2020, maintained by Stifel Nicolaus at Buy rating, with $ 9.50 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.10 per share on July 31, 2020. The dividend were payable on August 14, 2020 to holders of record as of the close of business on August 9, 2020 and ex-dividend date on August 6, 2020.
Conference Call
Capital Product Partners L.P. will be hosting a conference call at 9:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.capitalpplp.com
Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. Its vessels 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. As of December 31, 2018, the company had a fleet of 36 vessels, which consisted of 3 Suezmax crude oil tankers, 21 medium range tankers, 10 post-panamax container vessels, 1 capesize bulk carrier, and 1 aframax crude-oil tanker.