Equities analysts expect that Crossamerica Partners LP (NYSE:CAPL) will announce $0.21 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Crossamerica Partners’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. Crossamerica Partners reported earnings of $0.22 per share in the same quarter last year, which suggests a negative year over year growth rate of 4.5%. The firm is scheduled to issue its next earnings results on Monday, February 24th.
According to Zacks, analysts expect that Crossamerica Partners will report full year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.60. For the next fiscal year, analysts expect that the company will post earnings of $1.31 per share, with EPS estimates ranging from $1.03 to $1.58. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Crossamerica Partners.
Crossamerica Partners (NYSE:CAPL) last announced 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 Thomson Reuters’ 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 company had revenue of $559.74 million for the quarter, compared to the consensus estimate of $591.82 million.
In other news, Director Joseph V. Jr. Topper purchased 7,486,131 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of $18.63 per share, with a total value of $139,466,620.53. Following the transaction, the director now directly owns 65,395 shares of the company’s stock, valued at $1,218,308.85. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lenox Wealth Advisors LLC purchased a new stake in Crossamerica Partners in the 3rd quarter worth approximately $25,000. Van ECK Associates Corp lifted its position in Crossamerica Partners by 2.3% in the 2nd quarter. Van ECK Associates Corp now owns 70,239 shares of the oil and gas company’s stock valued at $1,127,000 after purchasing an additional 1,562 shares during the last quarter. Quadrant Private Wealth Management LLC lifted its position in Crossamerica Partners by 2.7% in 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. Arrow Investment Advisors LLC lifted its position in Crossamerica Partners by 21.3% in the 3rd quarter. Arrow Investment Advisors LLC now owns 26,585 shares of the oil and gas company’s stock valued at $454,000 after purchasing an additional 4,661 shares during the last quarter. Finally, California Public Employees Retirement System bought a new stake in shares of Crossamerica Partners during the 3rd quarter worth about $173,000. 30.69% of the stock is currently owned by institutional investors and hedge funds.
Crossamerica Partners stock traded up $0.05 during trading on Friday, hitting $17.87. 17,590 shares of the company were exchanged, compared to its average volume of 85,988. The business’s 50 day moving average is $17.95 and its 200 day moving average is $17.01. Crossamerica Partners has a 52 week low of $13.00 and a 52 week high of $19.07. The company has a market capitalization of $615.79 million, a P/E ratio of 162.45, a PEG ratio of 8.83 and a beta of 1.21. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 6.78.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.525 per share. The ex-dividend date was Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 11.75%. Crossamerica Partners’s dividend payout ratio 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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