Analysts forecast that CrossAmerica Partners LP (NYSE:CAPL) will report sales of $572.48 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for CrossAmerica Partners’ earnings, with estimates ranging from $515.80 million to $677.20 million. CrossAmerica Partners posted sales of $501.47 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.2%. The firm is scheduled to report its next earnings report on Tuesday, February 27th.

On average, analysts expect that CrossAmerica Partners will report full year sales of $572.48 million for the current fiscal year, with estimates ranging from $2.03 billion to $2.22 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.46 billion per share, with estimates ranging from $2.07 billion to $3.01 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover CrossAmerica Partners.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Tuesday, November 7th. The oil and gas company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. CrossAmerica Partners had a return on equity of 5.03% and a net margin of 0.11%.

Several equities analysts have recently weighed in on CAPL shares. B. Riley set a $30.00 price objective on CrossAmerica Partners and gave the company a “buy” rating in a research note on Monday, December 18th. Royal Bank of Canada reduced their price objective on CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th. ValuEngine raised CrossAmerica Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Zacks Investment Research lowered CrossAmerica Partners from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, BidaskClub lowered CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

Large investors have recently made changes to their positions in the stock. Harvest Fund Advisors LLC increased its holdings in CrossAmerica Partners by 4.8% during the 3rd quarter. Harvest Fund Advisors LLC now owns 3,075,007 shares of the oil and gas company’s stock worth $83,794,000 after purchasing an additional 141,143 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in CrossAmerica Partners by 2.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,089,908 shares of the oil and gas company’s stock worth $27,793,000 after purchasing an additional 30,751 shares during the last quarter. Neuberger Berman Group LLC purchased a new stake in CrossAmerica Partners during the 3rd quarter worth approximately $602,000. Ameriprise Financial Inc. increased its holdings in CrossAmerica Partners by 71.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 7,217 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in CrossAmerica Partners by 3.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 308,664 shares of the oil and gas company’s stock worth $8,411,000 after purchasing an additional 10,312 shares during the last quarter. Institutional investors and hedge funds own 34.38% of the company’s stock.

CrossAmerica Partners (NYSE CAPL) opened at $23.00 on Tuesday. The firm has a market capitalization of $809.52, a PE ratio of 108.27, a PEG ratio of 10.77 and a beta of 1.22. CrossAmerica Partners has a 52 week low of $22.57 and a 52 week high of $29.80. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 2.69.

The business also recently announced a dividend, which will be paid on Monday, February 12th. Investors of record on Monday, February 5th will be issued a dividend of $0.6275 per share. This is an increase from CrossAmerica Partners’s previous dividend of $0.51. This represents a dividend yield of 0.0261785565289946%. The ex-dividend date of this dividend is Friday, February 2nd. CrossAmerica Partners’s dividend payout ratio (DPR) is presently -25,100,000.00%.

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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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