Crossamerica Partners (NYSE:CAPL) Issues Earnings Results

Crossamerica Partners (NYSE:CAPL) released its earnings results on Thursday. The oil and gas company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04), Fidelity Earnings reports. The firm had revenue of $559.74 million for the quarter, compared to analyst estimates of $591.82 million. Crossamerica Partners had a net margin of 0.84% and a return on equity of 16.98%.

Shares of CAPL stock traded down $0.61 during trading hours on Friday, hitting $16.98. 59,158 shares of the company were exchanged, compared to its average volume of 71,804. The firm has a market cap of $618.62 million, a P/E ratio of 154.36, a P/E/G ratio of 7.14 and a beta of 1.21. Crossamerica Partners has a fifty-two week low of $13.00 and a fifty-two week high of $19.07. The company has a debt-to-equity ratio of 6.08, a quick ratio of 0.33 and a current ratio of 0.44. The company has a 50 day simple moving average of $17.55 and a two-hundred day simple moving average of $16.85.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 12.37%. The ex-dividend date is Monday, November 4th. Crossamerica Partners’s dividend payout ratio (DPR) is 1,909.09%.

CAPL has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Crossamerica Partners from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Thursday, October 24th. ValuEngine downgraded shares of Crossamerica Partners from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th.

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.

Further Reading: How to find the components of the quick ratio

Earnings History for Crossamerica Partners (NYSE:CAPL)

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