Global Partners (GLP) Scheduled to Post Earnings on Friday

Global Partners (NYSE:GLP) will be releasing its earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $1.57 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Global Partners (NYSE:GLP) last released its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.40). Global Partners had a net margin of 0.71% and a return on equity of 19.21%. The firm had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $5.51 billion. On average, analysts expect Global Partners to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Global Partners Price Performance

Shares of Global Partners stock opened at $48.50 on Thursday. Global Partners has a 1-year low of $30.00 and a 1-year high of $50.85. The firm has a fifty day simple moving average of $45.61 and a 200-day simple moving average of $44.66. The company has a current ratio of 1.10, a quick ratio of 0.62 and a debt-to-equity ratio of 2.52. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 17.70 and a beta of 1.38.

Global Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Friday, November 8th will be given a dividend of $0.73 per share. This is a positive change from Global Partners’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.92 dividend on an annualized basis and a yield of 6.02%. Global Partners’s payout ratio is currently 105.11%.

Insider Transactions at Global Partners

In related news, insider Global Gp Llc acquired 1,300 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $40.49 per share, for a total transaction of $52,637.00. Following the completion of the purchase, the insider now owns 194,281 shares in the company, valued at approximately $7,866,437.69. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 43,226 shares of company stock worth $1,872,989 over the last three months. 41.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their price objective on Global Partners from $50.00 to $51.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

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.