Wall Street analysts expect Crossamerica Partners LP (NYSE:CAPL) to report $552.03 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Crossamerica Partners’ earnings, with the highest sales estimate coming in at $690.14 million and the lowest estimate coming in at $452.30 million. Crossamerica Partners reported sales of $469.29 million in the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The business is scheduled to report its next quarterly earnings results on Monday, May 14th.
On average, analysts expect that Crossamerica Partners will report full-year sales of $552.03 million for the current fiscal year, with estimates ranging from $2.12 billion to $3.06 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.00 billion per share, with estimates ranging from $2.71 billion to $3.35 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Crossamerica Partners.
A number of research analysts have recently commented on CAPL shares. ValuEngine lowered shares of Crossamerica Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Jefferies Group reissued a “buy” rating and issued a $28.00 target price on shares of Crossamerica Partners in a research note on Thursday, March 1st. Robert W. Baird cut shares of Crossamerica Partners from an “outperform” rating to a “neutral” rating in a research note on Wednesday, February 28th. Finally, B. Riley set a $30.00 target price on shares of Crossamerica Partners and gave the company a “buy” rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $28.83.
The firm also recently announced a dividend, which was paid on Monday, February 12th. Investors of record on Monday, February 5th were paid a $0.6275 dividend. The ex-dividend date was Friday, February 2nd. This represents a yield of 0.0261785565289946%. This is a boost from Crossamerica Partners’s previous dividend of $0.51. Crossamerica Partners’s payout ratio is presently 456.37%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CAPL. Raymond James & Associates grew its stake in Crossamerica Partners by 9.3% during the fourth quarter. Raymond James & Associates now owns 104,908 shares of the oil and gas company’s stock worth $2,491,000 after buying an additional 8,954 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Crossamerica Partners by 1.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,079,155 shares of the oil and gas company’s stock worth $25,630,000 after buying an additional 18,180 shares during the last quarter. Deutsche Bank AG grew its stake in Crossamerica Partners by 150.9% during the fourth quarter. Deutsche Bank AG now owns 241,552 shares of the oil and gas company’s stock worth $5,736,000 after buying an additional 145,272 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Crossamerica Partners by 50.0% during the fourth quarter. Kayne Anderson Capital Advisors LP now owns 15,000 shares of the oil and gas company’s stock worth $356,000 after buying an additional 5,000 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Crossamerica Partners by 27.6% during the fourth quarter. Renaissance Technologies LLC now owns 112,639 shares of the oil and gas company’s stock worth $2,675,000 after buying an additional 24,339 shares during the last quarter. 33.67% of the stock is currently owned by institutional investors and hedge funds.
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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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