Wall Street analysts forecast that Crossamerica Partners LP (NYSE:CAPL) will announce sales of $667.48 million for the current quarter, according to Zacks. Four analysts have made estimates for Crossamerica Partners’ earnings, with the highest sales estimate coming in at $780.80 million and the lowest estimate coming in at $607.56 million. Crossamerica Partners reported sales of $528.79 million during the same quarter last year, which would suggest a positive year over year growth rate of 26.2%. The company is scheduled to announce its next earnings results on Monday, August 6th.
According to Zacks, analysts expect that Crossamerica Partners will report full-year sales of $2.55 billion for the current financial year, with estimates ranging from $2.39 billion to $2.82 billion. For the next year, analysts expect that the firm will report sales of $2.70 billion per share, with estimates ranging from $2.47 billion to $2.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Crossamerica Partners.
Crossamerica Partners (NYSE:CAPL) last released its quarterly earnings data on Monday, May 7th. The oil and gas company reported ($0.06) earnings per share for the quarter. Crossamerica Partners had a return on equity of 4.73% and a net margin of 0.84%. The business had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $603.32 million.
Institutional investors have recently made changes to their positions in the business. LPL Financial LLC bought a new position in Crossamerica Partners in the first quarter worth about $206,000. Creative Planning acquired a new position in shares of Crossamerica Partners during the second quarter valued at about $238,000. BB&T Securities LLC acquired a new position in shares of Crossamerica Partners during the first quarter valued at about $325,000. Bank of Montreal Can acquired a new position in shares of Crossamerica Partners during the second quarter valued at about $338,000. Finally, Quadrant Private Wealth Management LLC increased its holdings in shares of Crossamerica Partners by 7.5% during the first quarter. Quadrant Private Wealth Management LLC now owns 63,478 shares of the oil and gas company’s stock valued at $1,305,000 after acquiring an additional 4,414 shares in the last quarter. Institutional investors and hedge funds own 33.08% of the company’s stock.
NYSE:CAPL traded up $0.27 during mid-day trading on Friday, reaching $18.31. The company’s stock had a trading volume of 177,200 shares, compared to its average volume of 67,909. Crossamerica Partners has a 1 year low of $15.50 and a 1 year high of $28.10. The firm has a market cap of $606.72 million, a PE ratio of -227.38, a price-to-earnings-growth ratio of 13.72 and a beta of 1.16. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.81 and a quick ratio of 0.65.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 13th. Shareholders of record on Monday, August 6th will be issued a $0.525 dividend. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $2.10 dividend on an annualized basis and a yield of 11.47%. Crossamerica Partners’s dividend payout ratio is presently -2,625.00%.
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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