Wall Street analysts predict that Crossamerica Partners LP (NYSE:CAPL) will post $702.11 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Crossamerica Partners’ earnings. The lowest sales estimate is $618.11 million and the highest is $788.10 million. Crossamerica Partners posted sales of $544.09 million during the same quarter last year, which suggests a positive year over year growth rate of 29%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 6th.

On average, analysts expect that Crossamerica Partners will report full year sales of $2.63 billion for the current year, with estimates ranging from $2.47 billion to $2.82 billion. For the next financial year, analysts expect that the business will post sales of $2.78 billion per share, with estimates ranging from $2.55 billion to $3.16 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Crossamerica Partners.

Several equities analysts have recently issued reports on the stock. B. Riley set a $25.00 price objective on shares of Crossamerica Partners and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Co upped their price objective on shares of Crossamerica Partners from $19.00 to $21.00 and gave the company a “market perform” rating in a report on Tuesday, August 14th. Zacks Investment Research downgraded shares of Crossamerica Partners from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 10th. Finally, ValuEngine downgraded shares of Crossamerica Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $25.33.

In other Crossamerica Partners news, Director John B. Reilly III purchased 10,695 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $18.20 per share, for a total transaction of $194,649.00. Following the acquisition, the director now owns 199,916 shares in the company, valued at $3,638,471.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

A number of large investors have recently modified their holdings of CAPL. Wells Fargo & Company MN increased its holdings in Crossamerica Partners by 2,703.0% in the 1st quarter. Wells Fargo & Company MN now owns 550,487 shares of the oil and gas company’s stock worth $11,318,000 after buying an additional 530,848 shares during the period. OppenheimerFunds Inc. increased its holdings in Crossamerica Partners by 10.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,185,017 shares of the oil and gas company’s stock worth $70,643,000 after buying an additional 401,575 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Crossamerica Partners in the 2nd quarter worth approximately $5,916,000. Western Standard LLC acquired a new position in Crossamerica Partners in the 2nd quarter worth approximately $2,078,000. Finally, Van ECK Associates Corp increased its holdings in Crossamerica Partners by 41.5% in the 1st quarter. Van ECK Associates Corp now owns 122,959 shares of the oil and gas company’s stock worth $2,528,000 after buying an additional 36,043 shares during the period. Institutional investors own 32.12% of the company’s stock.

Shares of CAPL traded up $0.06 during mid-day trading on Tuesday, hitting $18.01. 66,124 shares of the company traded hands, compared to its average volume of 67,793. Crossamerica Partners has a 1-year low of $15.50 and a 1-year high of $28.10. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 4.15. The company has a market cap of $632.54 million, a P/E ratio of -225.13 and a beta of 1.16.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Monday, August 6th were issued a $0.525 dividend. The ex-dividend date was Friday, August 3rd. This represents a $2.10 annualized dividend and a yield of 11.66%. Crossamerica Partners’s dividend payout ratio (DPR) is presently -2,625.00%.

About Crossamerica Partners

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, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

See Also: Book Value Per Share – BVPS

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Earnings History and Estimates for Crossamerica Partners (NYSE:CAPL)

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