Wall Street brokerages expect Global Partners LP (NYSE:GLP) to announce $0.20 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Global Partners’ earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.01. Global Partners reported earnings of ($0.38) per share during the same quarter last year, which would indicate a positive year over year growth rate of 152.6%. The firm is expected to announce its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Global Partners will report full-year earnings of $1.34 per share for the current year, with EPS estimates ranging from $1.13 to $1.54. For the next year, analysts expect that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.13 to $0.86. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Global Partners.

Global Partners (NYSE:GLP) last issued its earnings results on Wednesday, November 8th. The energy company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.19. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.29 billion. Global Partners had a negative net margin of 0.28% and a positive return on equity of 3.95%. Global Partners’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.54) EPS.

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Global Partners from a “hold” rating to a “sell” rating in a report on Friday, November 10th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Global Partners in a report on Tuesday, November 21st. Finally, TheStreet raised shares of Global Partners from a “d+” rating to a “c” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLP. Goldman Sachs Group Inc. boosted its holdings in shares of Global Partners by 20.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 951,845 shares of the energy company’s stock valued at $17,181,000 after purchasing an additional 159,895 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Global Partners by 6.1% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 1,931,015 shares of the energy company’s stock valued at $33,589,000 after purchasing an additional 110,792 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Global Partners by 267.8% during the 2nd quarter. GSA Capital Partners LLP now owns 48,556 shares of the energy company’s stock valued at $876,000 after purchasing an additional 35,356 shares during the last quarter. HITE Hedge Asset Management LLC boosted its holdings in shares of Global Partners by 2.8% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 671,242 shares of the energy company’s stock valued at $11,680,000 after purchasing an additional 18,022 shares during the last quarter. Finally, Virtu KCG Holdings LLC bought a new position in shares of Global Partners during the 2nd quarter valued at about $187,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Shares of Global Partners (NYSE GLP) traded down $0.05 during trading on Friday, reaching $17.70. 34,016 shares of the company traded hands, compared to its average volume of 54,055. The company has a market cap of $600.02, a P/E ratio of -23.29 and a beta of 1.09. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.52 and a quick ratio of 0.93. Global Partners has a one year low of $15.80 and a one year high of $21.95.

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Global Partners Company Profile

Global Partners LP is a midstream logistics and marketing company. It is engaged in the purchasing, selling, storing and logistics of transporting petroleum and related products, including gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, natural gas and propane.

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