CrossAmerica Partners (NYSE:CAPL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

CrossAmerica Partners (NYSE:CAPLGet Rating) announced its quarterly earnings data on Monday. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01), MarketWatch Earnings reports. CrossAmerica Partners had a net margin of 0.60% and a return on equity of 31.20%. During the same quarter in the prior year, the business posted ($0.10) EPS.

NYSE CAPL traded up $0.18 during trading on Tuesday, reaching $19.93. 3,000 shares of the company’s stock traded hands, compared to its average volume of 50,891. The company has a debt-to-equity ratio of 14.33, a current ratio of 0.65 and a quick ratio of 0.37. The firm has a market cap of $755.29 million, a price-to-earnings ratio of 34.05 and a beta of 1.89. The company’s 50 day simple moving average is $21.20 and its two-hundred day simple moving average is $20.70. CrossAmerica Partners has a 12-month low of $17.27 and a 12-month high of $23.29.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 11th. Shareholders of record on Tuesday, May 3rd will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date of this dividend is Monday, May 2nd. CrossAmerica Partners’s dividend payout ratio (DPR) is 362.08%.

A number of hedge funds and other institutional investors have recently bought and sold shares of CAPL. Paradigm Financial Partners LLC purchased a new position in CrossAmerica Partners during the 4th quarter valued at about $222,000. Goldman Sachs Group Inc. increased its position in CrossAmerica Partners by 3.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 244,593 shares of the oil and gas company’s stock valued at $4,662,000 after purchasing an additional 8,948 shares during the period. Finally, Vident Investment Advisory LLC increased its position in CrossAmerica Partners by 5.8% during the 4th quarter. Vident Investment Advisory LLC now owns 14,513 shares of the oil and gas company’s stock valued at $277,000 after purchasing an additional 795 shares during the period. 23.87% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on CAPL. Zacks Investment Research upgraded shares of CrossAmerica Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. StockNews.com began coverage on shares of CrossAmerica Partners in a report on Thursday, March 31st. They set a “buy” rating for the company.

CrossAmerica Partners Company Profile (Get Rating)

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.

Further Reading

Earnings History for CrossAmerica Partners (NYSE:CAPL)

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