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 Global Partners to post earnings of $1.57 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Global Partners (NYSE:GLP) last issued its quarterly earnings results on Wednesday, August 7th. The energy company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.40). The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $5.51 billion. Global Partners had a net margin of 0.71% and a return on equity of 19.21%. 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 Trading Up 0.3 %

Shares of NYSE:GLP opened at $46.67 on Friday. The company has a market cap of $1.59 billion, a P/E ratio of 17.03 and a beta of 1.38. The stock’s 50-day moving average is $45.24 and its 200-day moving average is $44.61. Global Partners has a 52-week low of $30.00 and a 52-week high of $50.85. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.62 and a current ratio of 1.10.

Global Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 8th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a yield of 6.26%. This is a positive change from Global Partners’s previous quarterly dividend of $0.72. The ex-dividend date is Friday, November 8th. Global Partners’s payout ratio is currently 106.57%.

Analysts Set New Price Targets

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

Insider Activity at Global Partners

In related news, insider Global Gp Llc acquired 1,300 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were bought at an average cost of $40.49 per share, with a total value of $52,637.00. Following the completion of the acquisition, the insider now owns 194,281 shares of the company’s stock, valued at $7,866,437.69. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 43,226 shares of company stock worth $1,872,989 over the last three months. Company insiders own 41.50% of the company’s stock.

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.