Analysts predict that Global Partners LP (NYSE:GLP) will announce $0.10 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Global Partners’ earnings. The lowest EPS estimate is ($0.25) and the highest is $0.40. Global Partners posted earnings per share of $0.19 in the same quarter last year, which indicates a negative year over year growth rate of 47.4%. The company is expected to announce its next quarterly earnings report on Thursday, August 8th.
On average, analysts expect that Global Partners will report full year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.13 to $1.02. For the next financial year, analysts forecast that the firm will post earnings of $0.50 per share, with EPS estimates ranging from $0.08 to $1.21. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Global Partners.
Global Partners (NYSE:GLP) last issued its quarterly earnings data on Thursday, May 9th. The energy company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $3.08 billion. Global Partners had a net margin of 0.40% and a return on equity of 12.35%.
Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Global Partners by 100.7% in the first quarter. JPMorgan Chase & Co. now owns 1,525 shares of the energy company’s stock valued at $30,000 after purchasing an additional 765 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Global Partners by 242.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,837 shares of the energy company’s stock valued at $36,000 after purchasing an additional 1,300 shares during the period. Kore Private Wealth LLC bought a new position in shares of Global Partners in the first quarter valued at about $49,000. Marshall Wace North America L.P. bought a new position in shares of Global Partners in the first quarter valued at about $99,000. Finally, Barclays PLC bought a new position in shares of Global Partners in the fourth quarter valued at about $116,000. 39.49% of the stock is currently owned by institutional investors.
Shares of GLP traded down $0.42 during trading hours on Tuesday, hitting $20.79. The company had a trading volume of 59,700 shares, compared to its average volume of 77,272. The firm has a market capitalization of $721.14 million, a PE ratio of 12.02 and a beta of 0.89. Global Partners has a 12 month low of $13.63 and a 12 month high of $21.62. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.29 and a quick ratio of 0.70.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Friday, May 10th were given a $0.51 dividend. The ex-dividend date was Thursday, May 9th. This is a positive change from Global Partners’s previous quarterly dividend of $0.50. This represents a $2.04 annualized dividend and a dividend yield of 9.81%. Global Partners’s dividend payout ratio is presently 117.92%.
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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