CrossAmerica Partners (CAPL) to Release Earnings on Wednesday

CrossAmerica Partners (NYSE:CAPL) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

CrossAmerica Partners (NYSE:CAPL) last issued its earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.27 billion. On average, analysts expect CrossAmerica Partners to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrossAmerica Partners Trading Down 0.4 %

CAPL opened at $21.26 on Monday. The company has a market capitalization of $808.52 million, a price-to-earnings ratio of 37.96 and a beta of 1.50. CrossAmerica Partners has a 12-month low of $18.43 and a 12-month high of $24.19. The business’s fifty day simple moving average is $20.89 and its 200-day simple moving average is $20.56.

CrossAmerica Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 9.88%. The ex-dividend date is Monday, November 4th. CrossAmerica Partners’s payout ratio is 375.00%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It 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.