CrossAmerica Partners (CAPL) Scheduled to Post Quarterly Earnings on Wednesday

CrossAmerica Partners (NYSE:CAPL - Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect CrossAmerica Partners to post earnings of $0.25 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

CrossAmerica Partners (NYSE:CAPL - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.10. CrossAmerica Partners had a net margin of 0.51% and a negative return on equity of 314.20%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.27 billion. On average, analysts expect CrossAmerica Partners to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrossAmerica Partners Stock Up 1.3 %

Shares of NYSE CAPL traded up $0.28 during trading on Wednesday, reaching $21.25. The company had a trading volume of 19,441 shares, compared to its average volume of 36,038. The company's fifty day moving average price is $20.82 and its 200-day moving average price is $20.56. CrossAmerica Partners has a 12 month low of $18.43 and a 12 month high of $24.19. The stock has a market cap of $808.07 million, a P/E ratio of 34.70 and a beta of 1.51.

CrossAmerica Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Investors of record on Monday, November 4th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.10 annualized dividend and a dividend yield of 9.88%. CrossAmerica Partners's payout ratio is 344.26%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CrossAmerica Partners from a "buy" rating to a "strong-buy" rating in a research report on Monday.

About CrossAmerica Partners

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.