$0.21 EPS Expected for Crossamerica Partners LP (NYSE:CAPL) This Quarter

Analysts expect Crossamerica Partners LP (NYSE:CAPL) to post earnings of $0.21 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Crossamerica Partners’ earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.20. Crossamerica Partners reported earnings per share of $0.22 in the same quarter last year, which indicates a negative year-over-year growth rate of 4.5%. The business is expected to report its next earnings report 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 business will report earnings of $1.31 per share, with EPS estimates ranging from $1.03 to $1.58. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Crossamerica Partners.

Crossamerica Partners (NYSE:CAPL) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). The business had revenue of $559.74 million during the quarter, compared to analyst estimates of $591.82 million. Crossamerica Partners had a return on equity of 19.71% and a net margin of 0.97%.

A number of analysts have recently weighed in on the company. ValuEngine raised Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Wednesday. TheStreet raised Crossamerica Partners from a “c” rating to a “b-” rating in a research report on Friday, November 22nd. Finally, Zacks Investment Research cut Crossamerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Crossamerica Partners currently has a consensus rating of “Hold” and a consensus price target of $18.33.

Shares of Crossamerica Partners stock traded up $0.37 during trading on Friday, reaching $17.50. The company’s stock had a trading volume of 33,812 shares, compared to its average volume of 90,035. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 6.78. The company has a market cap of $603.05 million, a price-to-earnings ratio of 159.09, a P/E/G ratio of 8.62 and a beta of 1.20. Crossamerica Partners has a 1-year low of $13.00 and a 1-year high of $19.07. The company has a 50-day simple moving average of $17.94 and a two-hundred day simple moving average of $17.06.

In other news, Director Joseph V. Jr. Topper purchased 7,486,131 shares of the stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of $18.63 per share, with a total value of $139,466,620.53. Following the transaction, the director now owns 65,395 shares in the company, valued at approximately $1,218,308.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the business. Strategic Wealth Advisors Group LLC raised its stake in shares of Crossamerica Partners by 20.3% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 97,648 shares of the oil and gas company’s stock valued at $1,681,000 after buying an additional 16,506 shares during the last quarter. Van ECK Associates Corp grew its position in Crossamerica Partners by 2.3% in the second quarter. Van ECK Associates Corp now owns 70,239 shares of the oil and gas company’s stock worth $1,127,000 after acquiring an additional 1,562 shares in the last quarter. Lenox Wealth Advisors LLC bought a new stake in Crossamerica Partners in the third quarter worth approximately $25,000. California Public Employees Retirement System bought a new stake in Crossamerica Partners in the third quarter worth approximately $173,000. Finally, Cohen & Steers Inc. bought a new stake in Crossamerica Partners in the second quarter worth approximately $2,043,000. 30.69% of the stock is owned by institutional investors.

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.

See Also: Initial Coin Offering (ICO)

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