CST Brands (CST) Releases Quarterly Earnings Results, Beats Estimates By $0.34 EPS
CST Brands (NYSE:CST) posted its quarterly earnings results on Monday. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.34, Analyst Ratings News reports. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.32 billion.
On a related note, analysts at Credit Suisse downgraded shares of CST Brands from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 14th. They now have a $29.00 price target on the stock, down previously from $31.00.
CST Brands (NYSE:CST) opened at 33.01 on Monday. CST Brands has a 52-week low of $27.01 and a 52-week high of $35.00. The stock has a 50-day moving average of $30.66 and a 200-day moving average of $31.20. The company has a market cap of $2.489 billion and a price-to-earnings ratio of 16.46.
CST Brands, Inc is a retailer of transportation fuels and convenience goods in North America. As of April 30, 2013, the Company operated 1,032 Corner Stores throughout the United States, including Texas, Louisiana, Arkansas, Oklahoma, New Mexico, Colorado, Wyoming, Arizona and California.
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