Wall Street brokerages predict that CrossAmerica Partners LP (NYSE:CAPL) will announce earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for CrossAmerica Partners’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.10. CrossAmerica Partners posted earnings per share of $0.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The company is expected to report its next earnings report on Tuesday, February 27th.

According to Zacks, analysts expect that CrossAmerica Partners will report full-year earnings of $0.01 per share for the current year, with EPS estimates ranging from ($0.01) to $0.04. For the next financial year, analysts anticipate that the firm will post earnings of $0.47 per share, with EPS estimates ranging from $0.30 to $0.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover CrossAmerica Partners.

Several equities research analysts have commented on the company. Zacks Investment Research lowered CrossAmerica Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded CrossAmerica Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 30th. Finally, Royal Bank Of Canada dropped their price target on CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating for the company in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.20.

In other CrossAmerica Partners news, Director Joseph V. Jr. Topper acquired 15,913 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were purchased at an average cost of $26.87 per share, for a total transaction of $427,582.31. Following the completion of the acquisition, the director now owns 163,544 shares of the company’s stock, valued at approximately $4,394,427.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph V. Jr. Topper acquired 3,400 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was acquired at an average price of $26.50 per share, for a total transaction of $90,100.00. Following the completion of the acquisition, the director now directly owns 163,544 shares of the company’s stock, valued at approximately $4,333,916. The disclosure for this purchase can be found here. Insiders bought 64,670 shares of company stock valued at $1,759,355 over the last 90 days.

A number of large investors have recently added to or reduced their stakes in CAPL. Bank of Montreal Can acquired a new position in CrossAmerica Partners during the second quarter worth $255,000. Kayne Anderson Capital Advisors LP acquired a new position in CrossAmerica Partners during the third quarter worth $272,000. Ameriprise Financial Inc. lifted its stake in CrossAmerica Partners by 71.3% during the second quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 7,217 shares in the last quarter. Cowen Inc. acquired a new position in CrossAmerica Partners during the second quarter worth $510,000. Finally, Royal Bank of Canada lifted its stake in CrossAmerica Partners by 17.1% during the second quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 3,098 shares in the last quarter. Institutional investors own 36.06% of the company’s stock.

CrossAmerica Partners (CAPL) traded up $0.15 during trading hours on Monday, reaching $24.94. The company’s stock had a trading volume of 19,900 shares, compared to its average volume of 45,480. CrossAmerica Partners has a 52 week low of $23.26 and a 52 week high of $29.80. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 2.69. The stock has a market cap of $847.59, a price-to-earnings ratio of 113.36, a P/E/G ratio of 374.11 and a beta of 1.32.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a $0.6275 dividend. The ex-dividend date was Friday, November 3rd. This is a positive change from CrossAmerica Partners’s previous quarterly dividend of $0.62. This represents a $2.51 dividend on an annualized basis and a dividend yield of 10.06%. CrossAmerica Partners’s dividend payout ratio is -25,100,000.00%.

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CrossAmerica Partners Company Profile

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

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