Equities research analysts expect Crossamerica Partners LP (NYSE:CAPL) to announce $539.69 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Crossamerica Partners’ earnings. The highest sales estimate is $601.68 million and the lowest is $477.70 million. Crossamerica Partners reported sales of $547.24 million in the same quarter last year, which indicates a negative year over year growth rate of 1.4%. The business is expected to report its next quarterly earnings report on Monday, February 24th.
On average, analysts expect that Crossamerica Partners will report full-year sales of $2.17 billion for the current financial year, with estimates ranging from $2.12 billion to $2.24 billion. For the next year, analysts anticipate that the company will report sales of $2.31 billion, with estimates ranging from $2.25 billion to $2.42 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Crossamerica Partners.
Crossamerica Partners (NYSE:CAPL) last issued its quarterly earnings results on Thursday, November 7th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). Crossamerica Partners had a return on equity of 19.71% and a net margin of 0.97%. The business had revenue of $559.74 million during the quarter, compared to analysts’ expectations of $591.82 million.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. bought a new position in shares of Crossamerica Partners during the 2nd quarter valued at about $92,819,000. Cohen & Steers Inc. bought a new position in shares of Crossamerica Partners during the 2nd quarter valued at about $2,043,000. Advisors Capital Management LLC boosted its holdings in shares of Crossamerica Partners by 46.6% during the 2nd quarter. Advisors Capital Management LLC now owns 117,444 shares of the oil and gas company’s stock valued at $1,885,000 after purchasing an additional 37,359 shares during the last quarter. Strategic Wealth Advisors Group LLC boosted its holdings in shares of Crossamerica Partners by 20.3% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 97,648 shares of the oil and gas company’s stock valued at $1,681,000 after purchasing an additional 16,506 shares during the last quarter. Finally, Quadrant Private Wealth Management LLC boosted its holdings in shares of Crossamerica Partners by 2.7% during the 2nd quarter. Quadrant Private Wealth Management LLC now owns 80,800 shares of the oil and gas company’s stock valued at $1,297,000 after purchasing an additional 2,128 shares during the last quarter. 30.64% of the stock is owned by institutional investors and hedge funds.
Shares of CAPL stock opened at $17.77 on Friday. Crossamerica Partners has a 52-week low of $13.00 and a 52-week high of $19.07. The company has a debt-to-equity ratio of 6.78, a quick ratio of 0.33 and a current ratio of 0.43. The firm has a market capitalization of $610.29 million, a PE ratio of 161.55, a PEG ratio of 7.83 and a beta of 1.21. The stock has a fifty day simple moving average of $17.63 and a two-hundred day simple moving average of $16.82.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 11.82%. The ex-dividend date of this dividend was Monday, November 4th. Crossamerica Partners’s dividend payout ratio (DPR) is presently 1,909.09%.
Crossamerica Partners Company Profile
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The Wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, and company operated retail sites.
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