Global Partners (GLP) Set to Announce Quarterly 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 the company to announce earnings of $0.10 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Global Partners (NYSE:GLP) last posted its quarterly earnings results on Wednesday, February 28th. The energy company reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.45. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Global Partners had a net margin of 0.92% and a return on equity of 23.91%. 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 Price Performance

Global Partners stock opened at $47.75 on Monday. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 12.70 and a beta of 1.33. The firm has a 50-day moving average of $46.31 and a two-hundred day moving average of $41.95. Global Partners has a 1 year low of $27.07 and a 1 year high of $49.50. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.12 and a quick ratio of 0.71.

Global Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.71 per share. This is an increase from Global Partners’s previous quarterly dividend of $0.70. The ex-dividend date is Wednesday, May 8th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 5.95%. Global Partners’s dividend payout ratio is presently 74.47%.

Wall Street Analysts Forecast Growth

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

About Global Partners

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.