Global Partners (GLP) to Release Earnings on Friday

Global Partners (NYSE:GLP) is anticipated to announce its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $5.80 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Global Partners Stock Up 1.2 %

Shares of NYSE:GLP opened at $58.84 on Thursday. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 17.78 and a beta of 1.47. The firm’s 50-day simple moving average is $52.20 and its 200-day simple moving average is $48.98. 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 has a fifty-two week low of $37.00 and a fifty-two week high of $60.00.

Global Partners Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, February 10th. This represents a $2.96 dividend on an annualized basis and a yield of 5.03%. This is an increase from Global Partners’s previous quarterly dividend of $0.73. Global Partners’s payout ratio is currently 89.43%.

Wall Street Analysts Forecast Growth

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

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.