Equities analysts predict that Crossamerica Partners LP (NYSE:CAPL) will announce sales of $594.04 million for the current quarter, Zacks reports. Five analysts have issued estimates for Crossamerica Partners’ earnings, with estimates ranging from $533 million to $727.13 million. Crossamerica Partners reported sales of $512.64 million during the same quarter last year, which indicates a positive year over year growth rate of 15.9%. The company is scheduled to report its next earnings results on Friday, August 4th.

On average, analysts expect that Crossamerica Partners will report full year sales of $594.04 million for the current financial year, with estimates ranging from $2.05 billion to $2.59 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.51 billion per share, with estimates ranging from $2.07 billion to $3.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Crossamerica Partners.

Crossamerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $469.29 million for the quarter, compared to analyst estimates of $494.04 million. Crossamerica Partners had a net margin of 0.60% and a return on equity of 4.43%.

CAPL has been the subject of several research reports. FBR & Co reiterated a “buy” rating on shares of Crossamerica Partners in a research note on Wednesday, March 15th. Zacks Investment Research upgraded shares of Crossamerica Partners from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Thursday, May 11th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $27.00 price target on shares of Crossamerica Partners in a research note on Thursday, April 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Crossamerica Partners presently has a consensus rating of “Buy” and a consensus target price of $29.00.

A number of hedge funds have recently made changes to their positions in the stock. Credit Suisse AG increased its stake in shares of Crossamerica Partners by 6.8% in the first quarter. Credit Suisse AG now owns 23,954 shares of the oil and gas company’s stock worth $628,000 after buying an additional 1,523 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Crossamerica Partners by 8.2% in the first quarter. Stephens Inc. AR now owns 8,994 shares of the oil and gas company’s stock worth $235,000 after buying an additional 685 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of Crossamerica Partners by 11.3% in the first quarter. OppenheimerFunds Inc. now owns 3,036,037 shares of the oil and gas company’s stock worth $79,483,000 after buying an additional 307,680 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Crossamerica Partners by 5.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 92,395 shares of the oil and gas company’s stock worth $2,419,000 after buying an additional 4,603 shares during the last quarter. Finally, Iridian Asset Management LLC CT increased its stake in shares of Crossamerica Partners by 2.5% in the first quarter. Iridian Asset Management LLC CT now owns 159,681 shares of the oil and gas company’s stock worth $4,180,000 after buying an additional 3,820 shares during the last quarter. 35.30% of the stock is currently owned by institutional investors.

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Crossamerica Partners (NYSE:CAPL) traded down 0.75% on Friday, reaching $23.75. 19,920 shares of the company traded hands. The stock’s 50 day moving average price is $25.21 and its 200 day moving average price is $25.68. Crossamerica Partners has a one year low of $22.60 and a one year high of $27.94. The company has a market capitalization of $800.99 million, a PE ratio of 113.64 and a beta of 1.36.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 8th were given a dividend of $0.6175 per share. This represents a $2.47 annualized dividend and a yield of 10.40%. This is an increase from Crossamerica Partners’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Thursday, May 4th. Crossamerica Partners’s dividend payout ratio is 875.00%.

About Crossamerica Partners

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

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