Global Partners (GLP) Scheduled to Post Earnings on Wednesday

Global Partners (NYSE:GLP) is set to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect Global Partners to post earnings of $0.10 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Global Partners (NYSE:GLP) last released its earnings results on Wednesday, February 28th. The energy company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.45. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.39 billion. Global Partners had a return on equity of 23.91% and a net margin of 0.92%. On average, analysts expect Global Partners to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Global Partners Stock Performance

NYSE GLP opened at $47.75 on Monday. Global Partners has a 1 year low of $27.07 and a 1 year high of $49.50. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.70 and a beta of 1.33. The company has a current ratio of 1.12, a quick ratio of 0.71 and a debt-to-equity ratio of 2.02. The firm’s 50 day simple moving average is $46.31 and its 200 day simple moving average is $41.95.

Global Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, May 9th will be paid a $0.71 dividend. The ex-dividend date is Wednesday, May 8th. This is a positive change from Global Partners’s previous quarterly dividend of $0.70. This represents a $2.84 annualized dividend and a yield of 5.95%. Global Partners’s dividend payout ratio (DPR) is 74.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Global Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, April 23rd.

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.