CrossAmerica Partners (NYSE:CAPL - Get Free Report) released its quarterly earnings data on Wednesday. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02, Zacks reports. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.28 billion. CrossAmerica Partners had a net margin of 0.50% and a negative return on equity of 150.01%. During the same period in the previous year, the company earned $0.31 EPS.
CrossAmerica Partners Stock Down 3.0 %
CAPL traded down $0.60 on Friday, reaching $19.69. The company had a trading volume of 50,240 shares, compared to its average volume of 26,168. CrossAmerica Partners has a 1 year low of $18.43 and a 1 year high of $24.19. The stock has a market capitalization of $749.15 million, a PE ratio of 37.87 and a beta of 1.50. The stock has a 50-day moving average price of $20.93 and a 200-day moving average price of $20.50.
CrossAmerica Partners Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Monday, November 4th will be given a $0.525 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.10 dividend on an annualized basis and a yield of 10.67%. CrossAmerica Partners's dividend payout ratio (DPR) is presently 403.85%.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a research report on Wednesday.
View Our Latest Report on CrossAmerica Partners
CrossAmerica Partners Company Profile
(
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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.
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