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

Capital Clean Energy Carriers (NASDAQ:CCEC) issued its earnings results on Thursday. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36, Zacks reports. Capital Clean Energy Carriers had a net margin of 46.85% and a return on equity of 9.99%.

Capital Clean Energy Carriers Stock Performance

Shares of NASDAQ CCEC opened at $19.24 on Friday. The stock’s 50-day simple moving average is $18.47. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 7.52 and a beta of 0.83. Capital Clean Energy Carriers has a fifty-two week low of $14.45 and a fifty-two week high of $20.26. The company has a quick ratio of 1.66, a current ratio of 1.68 and a debt-to-equity ratio of 2.04.

Capital Clean Energy Carriers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Stockholders of record on Thursday, February 6th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.12%. Capital Clean Energy Carriers’s payout ratio is currently 23.44%.

Analysts Set New Price Targets

Separately, Raymond James began coverage on shares of Capital Clean Energy Carriers in a research report on Friday, January 24th. They issued an “outperform” rating and a $26.00 price objective on the stock.

Capital Clean Energy Carriers Company Profile

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.