CST Brands Inc (CST) Releases Earnings Results, Beats Expectations By $0.01 EPS

CST Brands Inc (CST) reported quarterly earnings results on Friday, May-6-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.23. The company posted revenue of $2034.00 million in the period, compared to analysts expectations of $2260.66 million. The company’s revenue was down -8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on CST Brands Inc. CST Brands Inc was Initiated by Jefferies to “Hold” on Apr 8, 2016.

CST Brands Inc closed down -0.29 points or -0.79% at $36.65 with 5,73,711 shares getting traded on Wednesday. Post opening the session at $36.58, the shares hit an intraday low of $36.39 and an intraday high of $37.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 11, 2016, Gerard J Sonnier (SVP, GC and Secretary) purchased 1,000 shares at $39.50 per share price. According to the SEC, on Mar 10, 2016, Rocky Dewbre (director) purchased 5,200 shares at $39.10 per share price. On Aug 25, 2015, William G Moll (director) purchased 1,000 shares at $34.14 per share price, according to the Form-4 filing with the securities and exchange commission.

CST Brands Inc. (CST) is a holding company. The Company is an independent retail and wholesale distributors of motor fuel and convenience merchandise and services in North America. Its retail operations include the sale of motor fuel at convenience stores commission agents and cardlocks; the sale of convenience merchandise items and services at convenience stores and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers. The Company operates in three segments: U.S. Retail which is the Company owned and operated convenience store businesses; Canadian Retail which includes company owned and operated convenience stores commission agents cardlocks and heating oil operations located in Canada and CrossAmerica which distributes motor fuel to lessee dealers independent dealers affiliated dealers CST’s U.S. Retail Segment and sub-wholesalers retail commission agents and non-core Company operated convenience stores.

CST Brands Inc

Leave a Reply

CST Brands Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on CST Brands Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.