Global Partners (NYSE:GLP - Get Free Report) is expected to announce its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $5.80 billion for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.
Global Partners Trading Down 2.3 %
NYSE GLP traded down $1.38 during trading on Friday, hitting $58.50. The stock had a trading volume of 47,064 shares, compared to its average volume of 106,361. The company has a market capitalization of $1.99 billion, a PE ratio of 17.67 and a beta of 1.47. Global Partners has a twelve month low of $37.00 and a twelve month high of $60.00. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average price of $51.76 and a 200 day moving average price of $48.45.
Global Partners Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 10th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Global Partners's previous quarterly dividend of $0.73. This represents a $2.96 dividend on an annualized basis and a yield of 5.06%. Global Partners's dividend payout ratio is 89.43%.
Analyst Ratings Changes
Separately, Stifel Nicolaus increased their target price on shares of Global Partners from $51.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th.
View Our Latest Research Report on GLP
Global Partners Company Profile
(
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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.
Further Reading
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