CrossAmerica Partners (NYSE:CAPL) Posts Earnings Results, Misses Expectations By $0.21 EPS

CrossAmerica Partners (NYSE:CAPL) posted its earnings results on Wednesday. The oil and gas company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.21), Zacks reports. CrossAmerica Partners had a negative return on equity of 37.73% and a net margin of 1.43%.

CrossAmerica Partners Price Performance

Shares of CAPL stock traded down $0.80 during mid-day trading on Wednesday, hitting $20.39. 60,068 shares of the stock traded hands, compared to its average volume of 29,177. CrossAmerica Partners has a 52-week low of $19.78 and a 52-week high of $24.63. The stock has a market cap of $778.10 million, a P/E ratio of 14.88 and a beta of 0.29. The stock’s fifty day moving average is $22.11 and its two-hundred day moving average is $22.02.

CrossAmerica Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd will be issued a $0.5250 dividend. The ex-dividend date is Monday, November 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 10.3%. CrossAmerica Partners’s payout ratio is currently 153.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of CrossAmerica Partners from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Weiss Ratings restated a “hold (c)” rating on shares of CrossAmerica Partners in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

About CrossAmerica Partners

CrossAmerica Partners LP (NYSE: CAPL) is a publicly traded master limited partnership focused on the wholesale distribution of motor fuels and the ownership or leasing of assets used in fuel retailing. The partnership supplies gasoline and diesel to independent dealers, commercial customers, and other retail operators through a network of fuel supply and distribution arrangements.

In addition to fuel distribution, CrossAmerica owns or leases convenience stores, gas stations, and related real estate.