CST Brands Inc (CST) Announces Quarterly Dividend of $0.06
CST Brands (NYSE:CST) declared a quarterly dividend on Tuesday, June 3rd, Stock Ratings Network.com reports. Investors of record on Monday, June 30th will be given a dividend of 0.0625 per share on Tuesday, July 15th. This represents a $0.25 dividend on an annualized basis and a yield of 0.74%.
A number of research firms have recently commented on CST. Analysts at Zacks downgraded shares of CST Brands from a “neutral” rating to an “underperform” rating in a research note on Thursday, May 22nd. They now have a $29.20 price target on the stock. On the ratings front, analysts at TheStreet initiated coverage on shares of CST Brands in a research note on Wednesday, May 21st. They set a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of CST Brands in a research note on Tuesday, May 20th. They now have a $29.00 price target on the stock, down previously from $30.00. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. CST Brands currently has a consensus rating of “Hold” and a consensus target price of $31.44.
Shares of CST Brands (NYSE:CST) traded up 1.26% on Tuesday, hitting $33.63. The stock had a trading volume of 652,410 shares. CST Brands has a 52 week low of $28.91 and a 52 week high of $36.92. The stock has a 50-day moving average of $31.67 and a 200-day moving average of $32.2. The company has a market cap of $2.543 billion and a P/E ratio of 19.77.
CST Brands (NYSE:CST) last released its earnings data on Tuesday, May 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.05. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Analysts expect that CST Brands will post $1.80 EPS for the current fiscal year.
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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