$0.20 EPS Expected for Global Partners LP (GLP)
March 7, 2018 – By Vivian Park
Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.13, from 1.04 in 2017Q2. It turned negative, as 7 investors sold Global Partners LP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported.
17 were reported by Toronto Dominion Retail Bank. Winslow Evans And Crocker Inc has invested 0.24% in Global Partners LP (NYSE:GLP). Raymond James reported 24,907 shares or 0% of all its holdings. Manufacturers Life Ins The holds 2,046 shares. Citigroup holds 0% or 30,581 shares in its portfolio. Commonwealth Equity Svcs stated it has 0% in Global Partners LP (NYSE:GLP). Moreover, Hightower Advsrs Ltd has 0% invested in Global Partners LP (NYSE:GLP). Acadian Asset Mngmt Ltd Liability Com holds 0% in Global Partners LP (NYSE:GLP) or 11,408 shares. Savings Bank Of Montreal Can holds 0% of its portfolio in Global Partners LP (NYSE:GLP) for 25,000 shares. Baldwin Brothers Ma has 0.05% invested in Global Partners LP (NYSE:GLP). California Employees Retirement Sys holds 0% in Global Partners LP (NYSE:GLP) or 146,900 shares. Us Natl Bank De holds 0% or 355 shares. Moors And Cabot accumulated 11,388 shares. Albert D Mason Inc has invested 0.5% of its portfolio in Global Partners LP (NYSE:GLP). Kayne Anderson Lp reported 0.43% of its portfolio in Global Partners LP (NYSE:GLP).
Analysts expect Global Partners LP (NYSE:GLP) to report $0.20 EPS on March, 8 before the open.They anticipate $0.58 EPS change or 152.63 % from last quarter’s $-0.38 EPS. GLP’s profit would be $6.77M giving it 20.06 P/E if the $0.20 EPS is correct. After having $0.44 EPS previously, Global Partners LP’s analysts see -54.55 % EPS growth. The stock decreased 0.93% or $0.15 during the last trading session, reaching $16.05. About 47,047 shares traded. Global Partners LP (NYSE:GLP) has risen 51.68% since March 7, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.
Global Partners LP (NYSE:GLP) Ratings Coverage
Among 8 analysts covering Global Partners (NYSE:GLP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Global Partners had 18 analyst reports since August 8, 2015 according to SRatingsIntel. FBR Capital maintained Global Partners LP (NYSE:GLP) rating on Wednesday, November 11. FBR Capital has “Mkt Perform” rating and $33 target. The stock has “Buy” rating by Stifel Nicolaus on Thursday, June 22. TheStreet downgraded the shares of GLP in report on Saturday, August 8 to “Buy” rating. The firm has “Buy” rating given on Thursday, September 14 by Stifel Nicolaus. The stock of Global Partners LP (NYSE:GLP) earned “Neutral” rating by JP Morgan on Tuesday, April 19. J.P. Morgan initiated Global Partners LP (NYSE:GLP) rating on Tuesday, November 21. J.P. Morgan has “Hold” rating and $19.0 target. The firm has “Neutral” rating by Mitsubishi UFJ given on Friday, January 29. The stock of Global Partners LP (NYSE:GLP) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 9. On Thursday, July 27 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Tuesday, August 16 the stock rating was maintained by Barclays Capital with “Equal-Weight”.
Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial clients in the New England states and New York. The company has market cap of $543.69 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It currently has negative earnings. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks.
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