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

CrossAmerica Partners (NYSE:CAPL) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.08 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) last issued its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.20. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrossAmerica Partners had a return on equity of 197.82% and a net margin of 0.93%. On average, analysts expect CrossAmerica Partners to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CrossAmerica Partners Stock Performance

Shares of CAPL opened at $22.33 on Monday. The company has a market cap of $848.09 million, a PE ratio of 21.27 and a beta of 1.52. The company has a current ratio of 0.67, a quick ratio of 0.35 and a debt-to-equity ratio of 250.71. The stock has a 50-day moving average price of $22.50 and a 200-day moving average price of $22.58. CrossAmerica Partners has a 12-month low of $17.91 and a 12-month high of $24.19.

CrossAmerica Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, May 3rd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 9.40%. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 200.00%.

Analyst Upgrades and Downgrades

Separately, TheStreet cut CrossAmerica Partners from a “b-” rating to a “c+” rating in a research note on Tuesday, February 27th.

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.