Global Partners (GLP) Expected to Announce Earnings on Wednesday

Global Partners (NYSE:GLP) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Global Partners to post earnings of $0.24 per share and revenue of $5.80 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Global Partners Trading Up 3.4 %

Shares of GLP opened at $59.19 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.64 and a debt-to-equity ratio of 2.41. The firm’s 50-day moving average is $51.47 and its two-hundred day moving average is $48.18. Global Partners has a twelve month low of $37.00 and a twelve month high of $59.42. The firm has a market capitalization of $2.01 billion, a P/E ratio of 17.88 and a beta of 1.47.

Global Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 10th were given a $0.74 dividend. 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 annualized dividend and a dividend yield of 5.00%. Global Partners’s dividend payout ratio is currently 89.43%.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price target on shares of Global Partners from $51.00 to $54.00 and gave the company a “buy” rating in a research 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.