CrossAmerica Partners (CAPL) Set to Announce Earnings on Wednesday

CrossAmerica Partners (NYSE:CAPL) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

CrossAmerica Partners (NYSE:CAPL) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.10. CrossAmerica Partners had a negative return on equity of 314.20% and a net margin of 0.51%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.27 billion. On average, analysts expect CrossAmerica Partners to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrossAmerica Partners Trading Down 0.9 %

Shares of NYSE CAPL opened at $20.54 on Tuesday. CrossAmerica Partners has a 12 month low of $18.43 and a 12 month high of $24.19. The firm has a fifty day simple moving average of $20.89 and a two-hundred day simple moving average of $20.55. The firm has a market capitalization of $781.14 million, a PE ratio of 36.68 and a beta of 1.50.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.10 annualized dividend and a dividend yield of 10.22%. CrossAmerica Partners’s payout ratio is presently 375.00%.

Analyst Ratings Changes

Separately, StockNews.com raised CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a report on Monday, October 28th.

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.