$2.82 Billion in Sales Expected for CST Brands, Inc. (CST) This Quarter
Wall Street analysts expect CST Brands, Inc. (NYSE:CST) to announce sales of $2.82 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for CST Brands’ earnings. The lowest sales estimate is $2.72 billion and the highest is $2.93 billion. CST Brands posted sales of $2.52 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The business is scheduled to report its next earnings report on Friday, August 4th.
According to Zacks, analysts expect that CST Brands will report full year sales of $2.82 billion for the current financial year, with estimates ranging from $10.57 billion to $11.77 billion. For the next year, analysts forecast that the company will report sales of $12.38 billion per share. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for CST Brands.
CST Brands (NYSE:CST) last posted its quarterly earnings results on Monday, May 8th. The specialty retailer reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.24 by $0.09. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.45 billion. CST Brands had a return on equity of 5.70% and a net margin of 3.17%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS.
CST has been the topic of several research reports. Jefferies Group LLC set a $49.00 price objective on shares of CST Brands and gave the company a “hold” rating in a report on Wednesday, April 19th. BidaskClub raised shares of CST Brands from a “strong sell” rating to a “sell” rating in a report on Saturday. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.88.
A number of institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in CST Brands during the fourth quarter valued at about $295,000. Marshall Wace LLP raised its position in CST Brands by 354.5% in the fourth quarter. Marshall Wace LLP now owns 146,098 shares of the specialty retailer’s stock valued at $7,034,000 after buying an additional 113,956 shares in the last quarter. Asset Management One Co. Ltd. raised its position in CST Brands by 6.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 40,999 shares of the specialty retailer’s stock valued at $1,977,000 after buying an additional 2,364 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new position in CST Brands during the fourth quarter valued at about $243,000. Finally, Credit Agricole S A raised its position in CST Brands by 136.5% in the fourth quarter. Credit Agricole S A now owns 7,250 shares of the specialty retailer’s stock valued at $349,000 after buying an additional 4,185 shares in the last quarter. 85.73% of the stock is currently owned by institutional investors.
Shares of CST Brands (NYSE:CST) opened at 48.46 on Wednesday. The company has a 50 day moving average price of $48.37 and a 200 day moving average price of $48.28. CST Brands has a 1-year low of $40.43 and a 1-year high of $48.52. The stock has a market cap of $3.67 billion, a P/E ratio of 12.01 and a beta of 1.04.
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CST Brands Company Profile
CST Brands, Inc (CST) is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its segments include U.S. Retail, Canadian Retail and CrossAmerica. As of December 31, 2016, its U.S. Retail segment had 1,167 Company-operated retail sites located in Arkansas, Arizona, Colorado, Florida, Georgia, Louisiana, New Mexico, New York, Oklahoma and Texas.
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