Brokerages forecast that Crossamerica Partners LP (NYSE:CAPL) will report ($0.06) earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Crossamerica Partners’ earnings, with estimates ranging from ($0.09) to ($0.03). Crossamerica Partners posted earnings per share of $0.09 in the same quarter last year, which would suggest a negative year over year growth rate of 166.7%. The business is expected to report its next earnings report before the market opens on Wednesday, November 7th.

According to Zacks, analysts expect that Crossamerica Partners will report full-year earnings of ($0.36) per share for the current year, with EPS estimates ranging from ($0.46) to ($0.25). For the next year, analysts expect that the company will report earnings of $0.16 per share, with EPS estimates ranging from ($0.03) to $0.35. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Crossamerica Partners.

Crossamerica Partners (NYSE:CAPL) last announced its quarterly earnings results on Monday, August 6th. The oil and gas company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.09). The company had revenue of $673.30 million for the quarter, compared to analysts’ expectations of $667.48 million. Crossamerica Partners had a net margin of 0.66% and a return on equity of 3.27%.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Crossamerica Partners from a “strong sell” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, October 9th. B. Riley set a $25.00 price target on Crossamerica Partners and gave the company a “buy” rating in a research report on Wednesday, August 15th. ValuEngine upgraded Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, Wells Fargo & Co lifted their price target on Crossamerica Partners from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Crossamerica Partners has a consensus rating of “Hold” and a consensus target price of $24.17.

CAPL stock traded up $0.25 during trading on Friday, hitting $17.97. 1 shares of the company traded hands, compared to its average volume of 68,041. The company has a current ratio of 0.77, a quick ratio of 0.61 and a debt-to-equity ratio of 4.15. The stock has a market cap of $612.92 million, a P/E ratio of -224.63 and a beta of 1.24. Crossamerica Partners has a 1 year low of $15.50 and a 1 year high of $26.52.

In related news, Director John B. Reilly III purchased 10,695 shares of Crossamerica Partners stock in a transaction that occurred on Friday, August 10th. The stock was bought at an average cost of $18.20 per share, for a total transaction of $194,649.00. Following the completion of the transaction, the director now owns 199,916 shares in the company, valued at $3,638,471.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC acquired a new stake in Crossamerica Partners in the first quarter valued at approximately $206,000. Creative Planning acquired a new stake in Crossamerica Partners in the second quarter valued at approximately $238,000. BB&T Securities LLC acquired a new stake in Crossamerica Partners in the first quarter valued at approximately $325,000. Bank of Montreal Can acquired a new stake in Crossamerica Partners in the second quarter valued at approximately $338,000. Finally, Quadrant Private Wealth Management LLC grew its holdings in Crossamerica Partners by 9.4% in the second quarter. Quadrant Private Wealth Management LLC now owns 69,474 shares of the oil and gas company’s stock valued at $1,173,000 after purchasing an additional 5,996 shares during the period. 32.72% of the stock is currently owned by institutional investors.

About Crossamerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company 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, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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Earnings History and Estimates for Crossamerica Partners (NYSE:CAPL)

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