Capital Clean Energy Carriers (NASDAQ:CCEC) Posts Earnings Results, Meets Expectations

Capital Clean Energy Carriers (NASDAQ:CCEC) released its quarterly earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36, Zacks reports. Capital Clean Energy Carriers had a return on equity of 9.72% and a net margin of 25.79%.

Capital Clean Energy Carriers Price Performance

NASDAQ CCEC traded up $0.18 during mid-day trading on Thursday, reaching $19.17. 4,806 shares of the stock were exchanged, compared to its average volume of 13,684. The stock has a market cap of $1.12 billion, a PE ratio of 14.74 and a beta of 0.83. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.66 and a current ratio of 1.68. Capital Clean Energy Carriers has a one year low of $14.45 and a one year high of $20.26. The company has a 50 day moving average of $18.44.

Capital Clean Energy Carriers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Shareholders of record on Thursday, February 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, February 6th. Capital Clean Energy Carriers’s dividend payout ratio is presently 46.15%.

Wall Street Analysts Forecast Growth

CCEC has been the topic of a number of research reports. Fearnley Fonds raised shares of Capital Clean Energy Carriers to a “strong-buy” rating in a report on Thursday, October 10th. Raymond James assumed coverage on shares of Capital Clean Energy Carriers in a research note on Friday, January 24th. They issued an “outperform” rating and a $26.00 price objective on the stock.

About Capital Clean Energy Carriers

Capital Clean Energy Carriers Corp., a shipping company, provides marine transportation services in Greece. The company’s vessels provide a range of cargoes, including liquefied natural gas, containerized goods, and cargo under short-term voyage charters, and medium to long-term time charters. It owns vessels, including Neo-Panamax container vessels, Panamax container vessels, cape-size bulk carrier, and LNG carriers.