Equities research analysts expect Crossamerica Partners LP (NYSE:CAPL) to report sales of $552.03 million for the current quarter, Zacks reports. Four analysts have issued estimates for Crossamerica Partners’ earnings, with estimates ranging from $452.30 million to $690.14 million. Crossamerica Partners posted sales of $469.29 million during the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The company is scheduled to issue its next earnings report on Monday, May 14th.
On average, analysts expect that Crossamerica Partners will report full year sales of $552.03 million for the current fiscal year, with estimates ranging from $2.12 billion to $3.06 billion. For the next year, analysts forecast that the company will post sales of $3.00 billion per share, with estimates ranging from $2.71 billion to $3.35 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Crossamerica Partners.
A number of research analysts have weighed in on CAPL shares. ValuEngine raised shares of Crossamerica Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Zacks Investment Research raised shares of Crossamerica Partners from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, January 9th. Robert W. Baird lowered shares of Crossamerica Partners from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 28th. B. Riley set a $30.00 target price on shares of Crossamerica Partners and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Jefferies Group reissued a “buy” rating and set a $28.00 target price on shares of Crossamerica Partners in a research report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Crossamerica Partners currently has a consensus rating of “Hold” and a consensus price target of $28.83.
Shares of Crossamerica Partners (NYSE CAPL) opened at $22.46 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 3.09. Crossamerica Partners has a 52 week low of $21.31 and a 52 week high of $29.80. The stock has a market cap of $766.13, a price-to-earnings ratio of 93.58, a P/E/G ratio of 16.01 and a beta of 1.17.
The business also recently disclosed a dividend, which was paid on Monday, February 12th. Stockholders of record on Monday, February 5th were given a dividend of $0.6275 per share. The ex-dividend date was Friday, February 2nd. This represents a dividend yield of 0.0261785565289946%. This is a positive change from Crossamerica Partners’s previous dividend of $0.51. Crossamerica Partners’s dividend payout ratio is currently 456.37%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP acquired a new position in shares of Crossamerica Partners during the third quarter valued at about $272,000. Virtu Financial LLC acquired a new position in shares of Crossamerica Partners during the fourth quarter valued at about $391,000. Ameriprise Financial Inc. raised its position in shares of Crossamerica Partners by 71.3% during the second quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock valued at $442,000 after buying an additional 7,217 shares during the last quarter. Royal Bank of Canada raised its position in shares of Crossamerica Partners by 17.1% during the second quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock valued at $541,000 after buying an additional 3,098 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Crossamerica Partners during the third quarter valued at about $602,000. 33.67% of the stock is owned by institutional investors and hedge funds.
About Crossamerica Partners
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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