CrossAmerica Partners (CAPL) Scheduled to Post Quarterly Earnings on Wednesday

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

CrossAmerica Partners (NYSE:CAPL) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate 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 Stock Performance

Shares of CAPL stock opened at $20.96 on Wednesday. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19. The business’s fifty day moving average is $20.82 and its 200-day moving average is $20.56. The stock has a market cap of $797.05 million, a PE ratio of 34.36 and a beta of 1.51.

CrossAmerica Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Monday, November 4th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 10.02%. The ex-dividend date of this dividend is Monday, November 4th. CrossAmerica Partners’s payout ratio is currently 344.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a “buy” rating to a “strong-buy” rating in a research report on Monday.

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.