Somewhat Positive News Coverage Somewhat Unlikely to Impact Casey’s General Stores (CASY) Share Price

Media coverage about Casey’s General Stores (NASDAQ:CASY) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Casey’s General Stores earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.4141766939954 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern’s rankings:

A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, June 6th. BMO Capital Markets decreased their target price on shares of Casey’s General Stores from $105.00 to $92.00 and set a “market perform” rating on the stock in a research report on Thursday, June 14th. Jefferies Financial Group restated a “buy” rating and set a $136.00 target price on shares of Casey’s General Stores in a research report on Thursday, March 8th. BidaskClub upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, April 4th. Finally, Zacks Investment Research lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Monday, March 12th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $124.11.

Casey’s General Stores opened at $106.84 on Monday, according to MarketBeat. The company has a current ratio of 0.74, a quick ratio of 0.28 and a debt-to-equity ratio of 1.02. The company has a market cap of $4.01 billion, a P/E ratio of 28.04, a PEG ratio of 2.55 and a beta of 0.60. Casey’s General Stores has a 1 year low of $90.42 and a 1 year high of $128.51.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 12th. The company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.15). The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Casey’s General Stores had a return on equity of 11.61% and a net margin of 3.79%. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. equities analysts expect that Casey’s General Stores will post 4.57 EPS for the current year.

Casey’s General Stores announced that its board has approved a share buyback program on Wednesday, March 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In other news, insider Terry W. Handley sold 1,342 shares of the business’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $100.12, for a total value of $134,361.04. Following the completion of the transaction, the insider now directly owns 33,287 shares of the company’s stock, valued at $3,332,694.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Walljasper sold 1,000 shares of the business’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $108.85, for a total value of $108,850.00. Following the completion of the transaction, the vice president now directly owns 21,452 shares of the company’s stock, valued at $2,335,050.20. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

Insider Buying and Selling by Quarter for Casey`s General Stores (NASDAQ:CASY)

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply