Analysts Anticipate Crossamerica Partners LP (CAPL) Will Announce Earnings of -$0.06 Per Share

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Equities analysts predict that Crossamerica Partners LP (NYSE:CAPL) will post earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Crossamerica Partners’ earnings. The highest EPS estimate is ($0.03) and the lowest is ($0.09). Crossamerica Partners posted earnings per share of $0.09 in the same quarter last year, which would suggest a negative year-over-year growth rate of 166.7%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, November 7th.

On average, analysts expect that Crossamerica Partners will report full-year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.25). For the next year, analysts anticipate that the firm will report earnings of $0.16 per share, with EPS estimates ranging from ($0.03) to $0.35. Zacks’ EPS calculations are an average based on a survey of research firms that follow Crossamerica Partners.

Crossamerica Partners (NYSE:CAPL) last posted its earnings results on Monday, August 6th. The oil and gas company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $673.30 million for the quarter, compared to analyst estimates of $667.48 million. Crossamerica Partners had a return on equity of 3.27% and a net margin of 0.66%.

CAPL has been the topic of several analyst reports. Wells Fargo & Co raised their target price on Crossamerica Partners from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Tuesday, August 14th. Zacks Investment Research lowered Crossamerica Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. B. Riley set a $25.00 price objective on Crossamerica Partners and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, ValuEngine raised Crossamerica Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Crossamerica Partners currently has a consensus rating of “Hold” and an average target price of $24.17.

In other Crossamerica Partners news, Director John B. Reilly III acquired 10,695 shares of the company’s stock in a transaction on Friday, August 10th. The shares were bought at an average cost of $18.20 per share, with a total value of $194,649.00. Following the completion of the acquisition, the director now owns 199,916 shares in the company, valued at $3,638,471.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG lifted its position in Crossamerica Partners by 8.7% during the first quarter. UBS Group AG now owns 66,620 shares of the oil and gas company’s stock worth $1,370,000 after buying an additional 5,313 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its position in Crossamerica Partners by 9.4% during the second quarter. Quadrant Private Wealth Management LLC now owns 69,474 shares of the oil and gas company’s stock worth $1,173,000 after buying an additional 5,996 shares in the last quarter. LPL Financial LLC purchased a new position in Crossamerica Partners during the first quarter worth approximately $206,000. Van ECK Associates Corp lifted its position in Crossamerica Partners by 10.9% during the second quarter. Van ECK Associates Corp now owns 136,332 shares of the oil and gas company’s stock worth $2,301,000 after buying an additional 13,373 shares in the last quarter. Finally, Creative Planning purchased a new position in Crossamerica Partners during the second quarter worth approximately $238,000. Institutional investors and hedge funds own 32.72% of the company’s stock.

Crossamerica Partners stock traded up $0.25 during midday trading on Friday, hitting $17.97. 1 shares of the company were exchanged, compared to its average volume of 68,041. The firm has a market cap of $612.92 million, a price-to-earnings ratio of -224.63 and a beta of 1.24. Crossamerica Partners has a fifty-two week low of $15.50 and a fifty-two week high of $26.52. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 4.15.

About Crossamerica Partners

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, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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Earnings History and Estimates for Crossamerica Partners (NYSE:CAPL)

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