CrossAmerica Partners (NYSE:CAPL) Issues Quarterly Earnings Results, Misses Estimates By $0.21 EPS

CrossAmerica Partners (NYSE:CAPL) announced its earnings results on Wednesday. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.21), Zacks reports. CrossAmerica Partners had a negative return on equity of 37.73% and a net margin of 1.43%.

CrossAmerica Partners Trading Down 3.8%

NYSE CAPL traded down $0.80 during trading hours on Wednesday, reaching $20.39. The company had a trading volume of 60,068 shares, compared to its average volume of 42,477. The stock has a market capitalization of $778.10 million, a P/E ratio of 14.88 and a beta of 0.29. The stock has a 50-day moving average of $22.16 and a 200 day moving average of $22.02. CrossAmerica Partners has a 1-year low of $19.78 and a 1-year high of $24.63.

CrossAmerica Partners Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd will be given a $0.5250 dividend. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 10.3%. CrossAmerica Partners’s dividend payout ratio is presently 153.28%.

Wall Street Analyst Weigh In

CAPL has been the topic of a number of recent research reports. Zacks Research lowered shares of CrossAmerica Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings restated a “hold (c)” rating on shares of CrossAmerica Partners in a research report on Tuesday, September 8th. Two investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

CrossAmerica Partners Company Profile

CrossAmerica Partners LP (NYSE: CAPL) is a publicly traded master limited partnership focused on the wholesale distribution of motor fuels and the ownership or leasing of assets used in fuel retailing. The partnership supplies gasoline and diesel to independent dealers, commercial customers, and other retail operators through a network of fuel supply and distribution arrangements.

In addition to fuel distribution, CrossAmerica owns or leases convenience stores, gas stations, and related real estate.