CrossAmerica Partners (NYSE:CAPL) Issues Earnings Results, Beats Estimates By $0.38 EPS

CrossAmerica Partners (NYSE:CAPL) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.38, Zacks reports. CrossAmerica Partners had a negative return on equity of 104.40% and a net margin of 0.50%. The business had revenue of $944.22 million during the quarter, compared to analysts’ expectations of $1.21 billion.

CrossAmerica Partners Stock Down 0.6 %

Shares of CAPL opened at $22.68 on Thursday. CrossAmerica Partners has a twelve month low of $18.43 and a twelve month high of $23.60. The company has a market capitalization of $862.91 million, a P/E ratio of 43.62 and a beta of 1.47. The firm has a 50 day moving average of $22.37 and a 200 day moving average of $21.30.

CrossAmerica Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date of this dividend was Monday, February 3rd. CrossAmerica Partners’s payout ratio is 403.85%.

Analyst Ratings Changes

Separately, StockNews.com upgraded CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th.

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.