Q1 2023 Earnings Estimate for Capital Product Partners L.P. (NASDAQ:CPLP) Issued By Jefferies Financial Group

Posted by Defense World Staff on Apr 26th, 2023

Capital Product Partners L.P. (NASDAQ:CPLP – Get Rating) – Stock analysts at Jefferies Financial Group cut their Q1 2023 earnings per share estimates for Capital Product Partners in a report released on Monday, April 24th. Jefferies Financial Group analyst O. Nokta now forecasts that the shipping company will post earnings of $0.79 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for Capital Product Partners’ current full-year earnings is $3.65 per share. Jefferies Financial Group also issued estimates for Capital Product Partners’ Q3 2023 earnings at $0.81 EPS, Q4 2023 earnings at $0.87 EPS and FY2023 earnings at $3.29 EPS.

Separately, StockNews.com assumed coverage on Capital Product Partners in a report on Thursday, March 16th. They set a “buy” rating for the company.

Capital Product Partners Trading Up 0.1 %

CPLP opened at $12.79 on Tuesday. The stock has a market capitalization of $252.47 million, a price-to-earnings ratio of 2.07 and a beta of 0.88. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.40 and a quick ratio of 1.35. The business has a fifty day moving average price of $13.44 and a 200 day moving average price of $13.97. Capital Product Partners has a 12 month low of $11.93 and a 12 month high of $17.69.

Capital Product Partners (NASDAQ:CPLP – Get Rating) last released its earnings results on Friday, February 3rd. The shipping company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. Capital Product Partners had a return on equity of 13.55% and a net margin of 41.67%. The firm had revenue of $76.08 million during the quarter, compared to analysts’ expectations of $71.38 million.

Capital Product Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Tuesday, February 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend was Monday, February 6th. Capital Product Partners’s dividend payout ratio (DPR) is 9.69%.

Institutional Trading of Capital Product Partners

Institutional investors have recently bought and sold shares of the business. Dorsey Wright & Associates purchased a new stake in Capital Product Partners during the 4th quarter worth about $29,000. Bank of America Corp DE lifted its holdings in shares of Capital Product Partners by 18.0% in the 4th quarter. Bank of America Corp DE now owns 5,782 shares of the shipping company’s stock valued at $79,000 after purchasing an additional 882 shares during the last quarter. UBS Group AG lifted its holdings in shares of Capital Product Partners by 19.0% in the 3rd quarter. UBS Group AG now owns 10,795 shares of the shipping company’s stock valued at $144,000 after purchasing an additional 1,724 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Capital Product Partners by 4.9% in the 1st quarter. Royal Bank of Canada now owns 18,477 shares of the shipping company’s stock valued at $337,000 after purchasing an additional 859 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of Capital Product Partners by 23.0% in the 2nd quarter. Creative Planning now owns 21,420 shares of the shipping company’s stock valued at $325,000 after purchasing an additional 4,000 shares during the last quarter. 40.51% of the stock is owned by hedge funds and other institutional investors.

Capital Product Partners Company Profile

(Get Rating)

Capital Product Partners LP is a shipping company, which engages in the seaborne transportation of containerized goods and dry cargo. It owns panamax container and capesize bulk carrier vessels. The company was founded on January 16, 2007 and is headquartered in Piraeus, Greece.