Wall Street brokerages forecast that Crossamerica Partners LP (NYSE:CAPL) will report earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Crossamerica Partners’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.32. Crossamerica Partners reported earnings of $0.22 per share during the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The firm is scheduled to issue its next earnings report on Monday, February 24th.

According to Zacks, analysts expect that Crossamerica Partners will report full year earnings of $0.67 per share for the current financial year, with EPS estimates ranging from $0.60 to $0.74. For the next financial year, analysts expect that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.03 to $1.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Crossamerica Partners.

Crossamerica Partners (NYSE:CAPL) last posted 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). The company had revenue of $559.74 million during the quarter, compared to analysts’ expectations of $591.82 million. Crossamerica Partners had a return on equity of 19.71% and a net margin of 0.97%.

CAPL has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Crossamerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. ValuEngine raised Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 14th.

Shares of CAPL traded up $0.13 during trading hours on Thursday, hitting $17.38. The company had a trading volume of 53,196 shares, compared to its average volume of 71,126. The firm has a fifty day moving average price of $17.66 and a 200-day moving average price of $16.80. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.39 and a current ratio of 0.43. The stock has a market capitalization of $612.35 million, a price-to-earnings ratio of 158.00, a P/E/G ratio of 7.80 and a beta of 1.21. Crossamerica Partners has a 52-week low of $13.00 and a 52-week high of $19.07.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 12.08%. The ex-dividend date was Monday, November 4th. Crossamerica Partners’s dividend payout ratio (DPR) is 1,909.09%.

Large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its position in 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 worth $1,127,000 after buying an additional 1,562 shares during the last quarter. Strategic Wealth Advisors Group LLC grew its stake in shares of Crossamerica Partners by 20.3% during 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 purchasing an additional 16,506 shares during the period. Lenox Wealth Advisors LLC bought a new stake in shares of Crossamerica Partners during the 3rd quarter valued at about $25,000. Cohen & Steers Inc. bought a new stake in shares of Crossamerica Partners during the 2nd quarter valued at about $2,043,000. Finally, Invesco Ltd. bought a new stake in shares of Crossamerica Partners during the 2nd quarter valued at about $92,819,000. 30.34% of the stock is owned by institutional investors and hedge funds.

Crossamerica Partners Company Profile

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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