CrossAmerica Partners LP (CAPL) Expected to Post Quarterly Sales of $572.48 Million

Wall Street analysts expect CrossAmerica Partners LP (NYSE:CAPL) to post $572.48 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for CrossAmerica Partners’ earnings, with the highest sales estimate coming in at $677.20 million and the lowest estimate coming in at $515.80 million. CrossAmerica Partners reported sales of $501.47 million in the same quarter last year, which indicates a positive year over year growth rate of 14.2%. The firm is scheduled to announce its next earnings report on Tuesday, February 27th.

On average, analysts expect that CrossAmerica Partners will report full year sales of $572.48 million for the current year, with estimates ranging from $2.03 billion to $2.22 billion. For the next year, analysts expect that the business will report sales of $2.46 billion per share, with estimates ranging from $2.07 billion to $3.01 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover CrossAmerica Partners.

CrossAmerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. CrossAmerica Partners had a return on equity of 5.03% and a net margin of 0.11%.

Several equities analysts recently weighed in on CAPL shares. B. Riley set a $30.00 price objective on CrossAmerica Partners and gave the stock a “buy” rating in a research report on Monday, December 18th. Zacks Investment Research raised CrossAmerica Partners from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, January 9th. ValuEngine raised CrossAmerica Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Royal Bank of Canada cut their price target on CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating for the company in a report on Thursday, November 9th. Finally, BidaskClub cut CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.00.

CrossAmerica Partners (NYSE CAPL) opened at $23.00 on Tuesday. CrossAmerica Partners has a 12-month low of $22.57 and a 12-month high of $29.80. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.57 and a current ratio of 0.70. The firm has a market capitalization of $809.52, a PE ratio of 108.27, a P/E/G ratio of 10.77 and a beta of 1.22.

The business also recently disclosed a dividend, which will be paid on Monday, February 12th. Stockholders of record on Monday, February 5th will be paid a $0.6275 dividend. This is a positive change from CrossAmerica Partners’s previous dividend of $0.51. This represents a dividend yield of 0.0261785565289946%. The ex-dividend date is Friday, February 2nd. CrossAmerica Partners’s dividend payout ratio is currently -25,100,000.00%.

Hedge funds have recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP bought a new stake in shares of CrossAmerica Partners in the 3rd quarter valued at approximately $272,000. Ameriprise Financial Inc. grew its position in CrossAmerica Partners by 71.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock worth $442,000 after acquiring an additional 7,217 shares during the last quarter. Royal Bank of Canada grew its position in CrossAmerica Partners by 17.1% during the 2nd quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock worth $541,000 after acquiring an additional 3,098 shares during the last quarter. BB&T Investment Services Inc. bought a new stake in CrossAmerica Partners during the 2nd quarter worth approximately $577,000. Finally, Neuberger Berman Group LLC bought a new stake in CrossAmerica Partners during the 3rd quarter worth approximately $602,000. Institutional investors own 34.38% of the company’s stock.

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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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