Analysts expect Crossamerica Partners LP (NYSE:CAPL) to post $663.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Crossamerica Partners’ earnings, with estimates ranging from $645.60 million to $680.40 million. Crossamerica Partners reported sales of $552.66 million during the same quarter last year, which would suggest a positive year over year growth rate of 20%. The firm is expected to issue its next quarterly earnings report on Monday, February 25th.

On average, analysts expect that Crossamerica Partners will report full year sales of $2.56 billion for the current financial year, with estimates ranging from $2.54 billion to $2.58 billion. For the next year, analysts forecast that the business will post sales of $2.68 billion, with estimates ranging from $2.48 billion to $2.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Crossamerica Partners.

Crossamerica Partners (NYSE:CAPL) last announced its quarterly earnings data on Tuesday, November 6th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.14. The firm had revenue of $670.81 million for the quarter, compared to the consensus estimate of $707.98 million. Crossamerica Partners had a net margin of 0.71% and a return on equity of 4.95%.

A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. Zacks Investment Research upgraded shares of Crossamerica Partners from a “strong sell” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, October 9th. B. Riley set a $25.00 price objective on shares of Crossamerica Partners and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Wells Fargo & Co increased their price objective on shares of Crossamerica Partners from $19.00 to $21.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $23.20.

Shares of Crossamerica Partners stock opened at $15.34 on Friday. The stock has a market cap of $529.75 million, a price-to-earnings ratio of -191.75, a PEG ratio of 13.45 and a beta of 1.23. The company has a debt-to-equity ratio of 4.60, a quick ratio of 0.55 and a current ratio of 0.71. Crossamerica Partners has a 12-month low of $14.75 and a 12-month high of $24.93.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Monday, November 5th were issued a $0.525 dividend. The ex-dividend date was Friday, November 2nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 13.69%. Crossamerica Partners’s dividend payout ratio (DPR) is currently -2,625.00%.

Several hedge funds have recently bought and sold shares of CAPL. OppenheimerFunds Inc. lifted its holdings in shares of Crossamerica Partners by 10.6% in the second quarter. OppenheimerFunds Inc. now owns 4,185,017 shares of the oil and gas company’s stock worth $70,643,000 after acquiring an additional 401,575 shares during the last quarter. Western Standard LLC bought a new position in shares of Crossamerica Partners in the second quarter worth about $2,078,000. Bank of Montreal Can bought a new position in shares of Crossamerica Partners in the second quarter worth about $338,000. GSA Capital Partners LLP lifted its holdings in shares of Crossamerica Partners by 174.7% in the third quarter. GSA Capital Partners LLP now owns 29,430 shares of the oil and gas company’s stock worth $533,000 after acquiring an additional 18,715 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Crossamerica Partners by 9.8% in the second quarter. Mutual of America Capital Management LLC now owns 168,097 shares of the oil and gas company’s stock worth $2,837,000 after acquiring an additional 15,005 shares during the last quarter. 32.90% of the stock is owned by hedge funds and other institutional investors.

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.

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

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