Brokerages expect Crossamerica Partners LP (NYSE:CAPL) to announce earnings per share (EPS) of $0.21 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Crossamerica Partners’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.21. Crossamerica Partners reported earnings per share of $0.22 in the same quarter last year, which suggests a negative year over year growth rate of 4.5%. The business is expected to announce its next earnings report on Monday, February 24th.
On average, analysts expect that Crossamerica Partners will report full-year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.60. For the next fiscal year, analysts expect that the firm will post earnings of $1.31 per share, with EPS estimates ranging from $1.03 to $1.58. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Crossamerica Partners.
Crossamerica Partners (NYSE:CAPL) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Crossamerica Partners had a net margin of 0.97% and a return on equity of 19.71%. The business had revenue of $559.74 million during the quarter, compared to analyst estimates of $591.82 million.
Several brokerages have issued reports on CAPL. TheStreet upgraded shares of Crossamerica Partners from a “c” rating to a “b-” rating in a research note on Friday, November 22nd. Zacks Investment Research lowered shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, ValuEngine upgraded shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Crossamerica Partners currently has an average rating of “Hold” and an average price target of $18.33.
CAPL stock traded down $0.30 during midday trading on Friday, hitting $17.13. The company’s stock had a trading volume of 51,603 shares, compared to its average volume of 88,654. The company has a debt-to-equity ratio of 6.78, a current ratio of 0.43 and a quick ratio of 0.39. Crossamerica Partners has a twelve month low of $13.00 and a twelve month high of $19.07. The company’s fifty day moving average price is $17.95 and its 200 day moving average price is $17.04. The stock has a market capitalization of $597.88 million, a P/E ratio of 155.73, a PEG ratio of 8.81 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a $0.525 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.10 annualized dividend and a yield of 12.26%. Crossamerica Partners’s payout ratio is currently 1,909.09%.
In other news, Director Joseph V. Jr. Topper acquired 7,486,131 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of $18.63 per share, with a total value of $139,466,620.53. Following the transaction, the director now directly owns 65,395 shares in the company, valued at approximately $1,218,308.85. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Wealth Advisors Group LLC raised its position in shares of Crossamerica Partners by 20.3% in the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 97,648 shares of the oil and gas company’s stock valued at $1,681,000 after buying an additional 16,506 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Crossamerica Partners by 2.3% in the 2nd quarter. Van ECK Associates Corp now owns 70,239 shares of the oil and gas company’s stock valued at $1,127,000 after purchasing an additional 1,562 shares during the last quarter. Lenox Wealth Advisors LLC bought a new stake in shares of Crossamerica Partners in the 3rd quarter valued at $25,000. California Public Employees Retirement System bought a new stake in shares of Crossamerica Partners in the 3rd quarter valued at $173,000. Finally, Cohen & Steers Inc. bought a new position in Crossamerica Partners during the second quarter worth $2,043,000. 30.69% of the stock is owned by hedge funds and other institutional investors.
About Crossamerica Partners
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.
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