Crossamerica Partners (CAPL) Announces Earnings Results, Beats Estimates By $0.14 EPS

Crossamerica Partners (NYSE:CAPL) announced its earnings results on Tuesday. The oil and gas company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.14, Fidelity Earnings reports. Crossamerica Partners had a return on equity of 3.27% and a net margin of 0.66%. The company had revenue of $670.81 million during the quarter, compared to analysts’ expectations of $707.98 million.

CAPL stock traded down $0.13 during mid-day trading on Thursday, reaching $16.12. The company had a trading volume of 16,181 shares, compared to its average volume of 52,141. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.77 and a quick ratio of 0.61. The firm has a market capitalization of $532.34 million, a P/E ratio of -201.48 and a beta of 1.23. Crossamerica Partners has a fifty-two week low of $15.31 and a fifty-two week high of $25.54.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Monday, November 5th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date is Friday, November 2nd. Crossamerica Partners’s dividend payout ratio is currently -2,625.00%.

In related news, Director John B. Reilly III purchased 10,695 shares of Crossamerica Partners stock in a transaction on Friday, August 10th. The shares were bought at an average price of $18.20 per share, with a total value of $194,649.00. Following the transaction, the director now directly owns 199,916 shares of the company’s stock, valued at $3,638,471.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

CAPL has been the topic of a number of analyst reports. Zacks Investment Research lowered Crossamerica Partners from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Co increased their price target on Crossamerica Partners from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, August 14th. B. Riley set a $25.00 price target on Crossamerica Partners and gave the company a “buy” rating in a research report on Wednesday, August 15th. Finally, ValuEngine raised Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.17.

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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, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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Earnings History for Crossamerica Partners (NYSE:CAPL)

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