Equities research analysts forecast that Crossamerica Partners LP (NYSE:CAPL) will announce earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Crossamerica Partners’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.32. Crossamerica Partners posted earnings of $0.22 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.7%. The firm is expected to report 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 year, with EPS estimates ranging from $0.60 to $0.74. For the next financial year, analysts forecast that the firm 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 firms that cover Crossamerica Partners.
Crossamerica Partners (NYSE:CAPL) last released its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ 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.
CAPL has been the topic of several research reports. Zacks Investment Research downgraded shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday.
Shares of CAPL stock traded up $0.06 on Thursday, hitting $17.77. The company’s stock had a trading volume of 27,957 shares, compared to its average volume of 38,267. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.33 and a current ratio of 0.43. The stock’s 50 day moving average is $17.63 and its 200-day moving average is $16.82. Crossamerica Partners has a fifty-two week low of $13.00 and a fifty-two week high of $19.07. The company has a market capitalization of $610.28 million, a PE ratio of 161.55, a PEG ratio of 7.77 and a beta of 1.21.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a yield of 11.82%. Crossamerica Partners’s payout ratio is 1,909.09%.
A number of institutional investors have recently made changes to their positions in CAPL. Lenox Wealth Advisors LLC acquired a new stake in Crossamerica Partners during the third quarter worth about $25,000. California Public Employees Retirement System acquired a new stake in Crossamerica Partners during the third quarter worth about $173,000. Susquehanna Fundamental Investments LLC acquired a new stake in Crossamerica Partners during the second quarter worth about $185,000. Capital Wealth Planning LLC acquired a new stake in Crossamerica Partners during the second quarter worth about $242,000. Finally, Arrow Investment Advisors LLC acquired a new stake in Crossamerica Partners during the second quarter worth about $352,000. Hedge funds and other institutional investors own 30.64% of the company’s stock.
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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