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

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

CrossAmerica Partners Trading Down 3.0 %

Shares of CAPL stock traded down $0.60 during trading hours on Friday, reaching $19.69. 50,240 shares of the stock were exchanged, compared to its average volume of 26,168. CrossAmerica Partners has a 12-month low of $18.43 and a 12-month high of $24.19. The firm has a market capitalization of $749.15 million, a price-to-earnings ratio of 37.87 and a beta of 1.50. The company’s 50-day moving average price is $20.93 and its 200-day moving average price is $20.50.

CrossAmerica Partners Announces Dividend

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

Analysts Set New Price Targets

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

About CrossAmerica Partners

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.