Equities research analysts expect Caseys General Stores, Inc. (NASDAQ:CASY) to report $2.05 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Caseys General Stores’ earnings. The lowest sales estimate is $2.01 billion and the highest is $2.08 billion. Caseys General Stores posted sales of $1.77 billion during the same quarter last year, which would indicate a positive year over year growth rate of 15.8%. The business is expected to announce its next earnings results on Monday, March 5th.
According to Zacks, analysts expect that Caseys General Stores will report full year sales of $2.05 billion for the current year, with estimates ranging from $8.28 billion to $8.51 billion. For the next fiscal year, analysts expect that the firm will post sales of $9.56 billion per share, with estimates ranging from $9.07 billion to $10.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Caseys General Stores.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.17 billion. Caseys General Stores had a net margin of 2.02% and a return on equity of 13.42%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 EPS.
A number of research firms recently commented on CASY. Royal Bank of Canada reiterated a “hold” rating on shares of Caseys General Stores in a research report on Friday, December 8th. Raymond James Financial cut Caseys General Stores from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, December 12th. Jefferies Group set a $139.00 price target on Caseys General Stores and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research cut Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Finally, Barclays restated a “hold” rating on shares of Caseys General Stores in a research report on Friday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Caseys General Stores presently has an average rating of “Hold” and a consensus target price of $115.29.
Caseys General Stores (NASDAQ CASY) traded down $0.01 during trading on Friday, reaching $107.91. The company had a trading volume of 467,167 shares, compared to its average volume of 505,515. The stock has a market capitalization of $3,988.65, a PE ratio of 26.04, a PEG ratio of 2.35 and a beta of 0.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.23. Caseys General Stores has a 12 month low of $99.76 and a 12 month high of $126.49.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, January 31st. Caseys General Stores’s payout ratio is 25.49%.
In other news, SVP Brian Joseph Johnson sold 1,000 shares of the company’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the transaction, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CASY. Clear Perspective Advisors LLC boosted its stake in shares of Caseys General Stores by 8.9% in the second quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after acquiring an additional 100 shares during the period. Zions Bancorporation bought a new position in shares of Caseys General Stores in the third quarter worth about $164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Caseys General Stores by 46.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after acquiring an additional 566 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Caseys General Stores in the third quarter worth about $264,000. Finally, Neuberger Berman Group LLC boosted its stake in shares of Caseys General Stores by 0.9% in the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after acquiring an additional 23 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.
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About Caseys General Stores
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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