Crossamerica Partners (CAPL) Issues 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.14, Fidelity Earnings reports. The firm had revenue of $670.81 million during the quarter, compared to analyst estimates of $707.98 million. Crossamerica Partners had a net margin of 0.66% and a return on equity of 3.27%.

NYSE:CAPL traded down $0.13 on Thursday, hitting $16.12. 16,181 shares of the company’s stock were exchanged, 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. Crossamerica Partners has a 52 week low of $15.31 and a 52 week high of $25.54. The stock has a market capitalization of $532.34 million, a PE ratio of -201.48 and a beta of 1.23.

The firm 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Friday, November 2nd. This represents a $2.10 annualized dividend and a yield of 13.03%. Crossamerica Partners’s dividend payout ratio (DPR) is presently -2,625.00%.

In other Crossamerica Partners news, Director John B. Reilly III purchased 10,695 shares of the business’s stock in a transaction on Friday, August 10th. The shares were purchased at an average cost 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 approximately $3,638,471.20. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a research report on Monday. B. Riley set a $25.00 price target on shares of Crossamerica Partners and gave the stock a “buy” rating in a research report on Wednesday, August 15th. ValuEngine raised shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, Wells Fargo & Co boosted their price target on shares of Crossamerica Partners from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Crossamerica Partners presently has a consensus rating of “Hold” and a consensus price target 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.

Further Reading: What is a stock split?

Earnings History for Crossamerica Partners (NYSE:CAPL)

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