Revenue Update on CST Brands Inc(NYSE:CST)

CST Brands Inc(NYSE:CST) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $2.52B. Analysts estimated a revenue of $2.56B. Earnings per share were $0.39. Analysts had estimated an EPS of $0.45.

In a different note, On Jul 27, 2016, Jefferies said it Maintains its rating on CST Brands Inc. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 22, 2016, Raymond James said it Downgrades its rating on CST Brands Inc. The shares have been rated ‘Market Perform’ by the firm.

CST Brands Inc (CST) made into the market gainers list on Wednesdays trading session with the shares advancing 0.85% or 0.4 points. Due to strong positive momentum, the stock ended at $47.51, which is also near the day’s high of $47.79. The stock began the session at $47.38 and the volume stood at 13,27,929 shares. The 52-week high of the shares is $48.31 and the 52 week low is $29.73. The company has a current market capitalization of $3,596 M and it has 7,56,85,743 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Gerard J Sonnier (SVP, GC and Secretary) purchased 1,000 shares at $39.50 per share price.Also, 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.

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