Global Partners (NYSE:GLP) Posts Earnings Results, Beats Expectations By $0.54 EPS

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Global Partners (NYSE:GLP) posted its quarterly earnings data on Thursday. The energy company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.54, Fidelity Earnings reports. Global Partners had a net margin of 0.45% and a return on equity of 14.37%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.32 billion.

GLP traded down $0.38 during trading on Friday, reaching $19.95. 133,860 shares of the stock were exchanged, compared to its average volume of 77,422. The stock has a market cap of $691.02 million, a P/E ratio of 11.53 and a beta of 0.90. Global Partners has a twelve month low of $13.63 and a twelve month high of $21.62. The stock’s 50 day moving average price is $20.06 and its two-hundred day moving average price is $19.87. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.72 and a current ratio of 1.33.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 8th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 10.43%. This is an increase from Global Partners’s previous quarterly dividend of $0.52. The ex-dividend date is Thursday, November 7th. Global Partners’s payout ratio is presently 119.08%.

A number of analysts have recently issued reports on GLP shares. ValuEngine downgraded shares of Global Partners from a “sell” rating to a “strong sell” rating in a report on Friday. Zacks Investment Research downgraded shares of Global Partners from a “buy” rating to a “hold” rating in a report on Saturday, November 2nd.

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 in the New England states and New York.

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Earnings History for Global Partners (NYSE:GLP)

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