CrossAmerica Partners (NYSE:CAPL) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

CrossAmerica Partners (NYSE:CAPL) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02, Zacks reports. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.28 billion. CrossAmerica Partners had a negative return on equity of 150.01% and a net margin of 0.50%. During the same period in the previous year, the firm earned $0.31 EPS.

CrossAmerica Partners Price Performance

Shares of NYSE:CAPL traded down $0.60 during trading on Friday, hitting $19.69. 50,240 shares of the company’s stock were exchanged, compared to its average volume of 26,168. The business’s 50-day simple moving average is $20.93 and its 200 day simple moving average is $20.50. The company has a market cap of $749.15 million, a price-to-earnings ratio of 37.87 and a beta of 1.50. CrossAmerica Partners has a 52-week low of $18.43 and a 52-week high of $24.19.

CrossAmerica Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be given a $0.525 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.10 annualized dividend and a dividend yield of 10.67%. CrossAmerica Partners’s payout ratio is 403.85%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, operation of convenience stores, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. It 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.