Global Partners (GLP) Expected to Announce Earnings on Wednesday

Global Partners (NYSE:GLP) is projected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Global Partners to post earnings of $0.24 per share and revenue of $5.80 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Global Partners Trading Up 3.4 %

NYSE GLP opened at $59.19 on Wednesday. The stock has a market capitalization of $2.01 billion, a P/E ratio of 17.88 and a beta of 1.47. Global Partners has a 52-week low of $37.00 and a 52-week high of $59.42. The firm has a 50-day moving average price of $51.47 and a 200 day moving average price of $48.18. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 2.41.

Global Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 10th were issued a dividend of $0.74 per share. This is a boost from Global Partners’s previous quarterly dividend of $0.73. This represents a $2.96 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Monday, February 10th. Global Partners’s dividend payout ratio is currently 89.43%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their price target on shares of Global Partners from $51.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th.

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. The company operates through three segments: Wholesale, Gasoline Distribution and Station Operations, and Commercial.