Global Partners (GLP) to Release Quarterly Earnings on Friday

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

Global Partners Stock Performance

Shares of NYSE GLP opened at $58.30 on Wednesday. Global Partners has a 12 month low of $37.00 and a 12 month high of $60.00. The company has a market cap of $1.98 billion, a P/E ratio of 17.61 and a beta of 1.47. The business’s 50 day moving average is $52.01 and its two-hundred day moving average is $48.85. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were given a $0.74 dividend. This represents a $2.96 annualized dividend and a yield of 5.08%. This is a positive change from Global Partners’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend was Monday, February 10th. Global Partners’s dividend payout ratio (DPR) is currently 89.43%.

Analyst Ratings Changes

Separately, Stifel Nicolaus lifted their price objective on Global Partners from $51.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

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.