CrossAmerica Partners (NYSE:CAPL) Issues Earnings Results

CrossAmerica Partners (NYSE:CAPL) issued its earnings results on Wednesday. The oil and gas company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.21), Zacks reports. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.02 billion. CrossAmerica Partners had a net margin of 1.24% and a negative return on equity of 38.84%.

CrossAmerica Partners Stock Up 0.5%

Shares of CAPL traded up $0.10 during midday trading on Friday, reaching $19.81. The company had a trading volume of 46,700 shares, compared to its average volume of 42,835. CrossAmerica Partners has a 1-year low of $19.60 and a 1-year high of $24.63. The stock has a market cap of $756.00 million, a PE ratio of 15.97 and a beta of 0.29. The firm has a 50 day simple moving average of $22.04 and a 200-day simple moving average of $22.01.

CrossAmerica Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd will be issued a $0.5250 dividend. This represents a $2.10 annualized dividend and a yield of 10.6%. The ex-dividend date is Monday, November 2nd. CrossAmerica Partners’s dividend payout ratio is presently 153.28%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CAPL shares. Weiss Ratings restated a “hold (c)” rating on shares of CrossAmerica Partners in a research report on Tuesday, September 8th. Zacks Research downgraded shares of CrossAmerica Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP (NYSE: CAPL) is a publicly traded master limited partnership focused on the wholesale distribution of motor fuels and the ownership or leasing of assets used in fuel retailing. The partnership supplies gasoline and diesel to independent dealers, commercial customers, and other retail operators through a network of fuel supply and distribution arrangements.

In addition to fuel distribution, CrossAmerica owns or leases convenience stores, gas stations, and related real estate.