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

CrossAmerica Partners (NYSE:CAPL) issued its earnings results 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.31 EPS.

CrossAmerica Partners Stock Down 3.0 %

NYSE:CAPL traded down $0.60 during trading hours on Friday, reaching $19.69. The company had a trading volume of 50,240 shares, compared to its average volume of 26,168. CrossAmerica Partners has a twelve month low of $18.43 and a twelve month high of $24.19. The firm has a market cap of $749.15 million, a price-to-earnings ratio of 37.87 and a beta of 1.50. The business’s 50-day simple moving average is $20.93 and its two-hundred day simple moving average is $20.50.

CrossAmerica Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

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