CrossAmerica Partners LP (CAPL) Set to Announce Earnings on Monday
CrossAmerica Partners LP (NYSE:CAPL) is scheduled to post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect CrossAmerica Partners to post earnings of $0.07 per share for the quarter.
CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Monday, August 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The company had revenue of $528.79 million during the quarter, compared to analysts’ expectations of $596.92 million. CrossAmerica Partners had a net margin of 0.06% and a return on equity of 4.11%. On average, analysts expect CrossAmerica Partners to post $-0.05 EPS for the current fiscal year and $0.42 EPS for the next fiscal year.
CrossAmerica Partners LP (NYSE:CAPL) opened at 25.70 on Monday. The stock’s market capitalization is $870.20 million. The company has a 50-day moving average price of $26.77 and a 200-day moving average price of $26.03. CrossAmerica Partners LP has a 12-month low of $23.26 and a 12-month high of $29.80.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be given a $0.6275 dividend. This is a boost from CrossAmerica Partners’s previous quarterly dividend of $0.62. This represents a $2.51 dividend on an annualized basis and a yield of 9.77%. The ex-dividend date of this dividend is Friday, November 3rd. CrossAmerica Partners’s dividend payout ratio is presently -8,297.23%.
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In related news, Director John B. Reilly III bought 1,602 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $25.91 per share, for a total transaction of $41,507.82. Following the purchase, the director now owns 192,471 shares in the company, valued at approximately $4,986,923.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeremy Bergeron bought 1,500 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $26.03 per share, for a total transaction of $39,045.00. Following the purchase, the insider now owns 11,061 shares in the company, valued at approximately $287,917.83. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 122,235 shares of company stock valued at $3,257,064.
A number of equities analysts have weighed in on the stock. BidaskClub raised shares of CrossAmerica Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Bank of America Corporation cut shares of CrossAmerica Partners from a “buy” rating to a “neutral” rating and upped their price objective for the company from $28.00 to $30.00 in a research report on Wednesday, July 26th. Raymond James Financial, Inc. upped their price objective on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $30.00.
CrossAmerica Partners Company Profile
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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