Global Partners (GLP) Scheduled to Post Earnings on Friday

Global Partners (NYSE:GLP) is scheduled to post its quarterly earnings results before the market opens on Friday, November 8th. Analysts expect Global Partners to post earnings of $1.57 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Global Partners (NYSE:GLP) last posted its quarterly earnings data on Wednesday, August 7th. The energy company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.40). Global Partners had a return on equity of 19.21% and a net margin of 0.71%. The company 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 Stock Performance

GLP stock opened at $46.67 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.10 and a quick ratio of 0.62. The company has a 50 day moving average price of $45.24 and a 200 day moving average price of $44.61. Global Partners has a fifty-two week low of $30.00 and a fifty-two week high of $50.85. The stock has a market capitalization of $1.59 billion, a PE ratio of 17.03 and a beta of 1.38.

Global Partners Increases Dividend

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

Insider Buying and Selling

In other Global Partners news, insider Global Gp Llc bought 2,400 shares of the company’s stock in a transaction on Monday, August 19th. The stock was bought at an average price of $41.88 per share, for a total transaction of $100,512.00. Following the transaction, the insider now owns 196,681 shares of the company’s stock, valued at approximately $8,237,000.28. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased 43,226 shares of company stock worth $1,872,989 in the last quarter. Insiders own 41.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their price objective on shares of Global Partners from $50.00 to $51.00 and gave the stock a “buy” rating in a research report 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.