Wall Street analysts predict that Casey’s General Stores Inc (NASDAQ:CASY) will report $1.83 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Casey’s General Stores’ earnings. The lowest EPS estimate is $1.57 and the highest is $2.07. Casey’s General Stores posted earnings of $1.90 per share in the same quarter last year, which would suggest a negative year over year growth rate of 3.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, September 9th.
According to Zacks, analysts expect that Casey’s General Stores will report full year earnings of $5.46 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $5.79. For the next financial year, analysts forecast that the company will report earnings of $5.82 per share, with EPS estimates ranging from $5.00 to $6.31. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Casey’s General Stores.
Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, June 10th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.27. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.13 billion. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share.
CASY has been the topic of several research analyst reports. Sidoti set a $138.00 price target on Casey’s General Stores and gave the company a “hold” rating in a research report on Friday, February 15th. BidaskClub raised Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Gabelli reissued a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. assumed coverage on Casey’s General Stores in a research report on Thursday, April 25th. They set a “neutral” rating and a $140.00 target price on the stock. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Casey’s General Stores presently has a consensus rating of “Hold” and an average target price of $144.40.
In other Casey’s General Stores news, SVP Julia L. Jackowski sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the completion of the transaction, the senior vice president now owns 32,944 shares in the company, valued at $4,149,296.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP William J. Walljasper sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.05, for a total transaction of $378,150.00. Following the transaction, the vice president now owns 24,785 shares of the company’s stock, valued at approximately $3,124,149.25. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in CASY. Bank of Montreal Can lifted its stake in Casey’s General Stores by 3.2% during the fourth quarter. Bank of Montreal Can now owns 5,520 shares of the company’s stock worth $708,000 after purchasing an additional 172 shares during the period. Arizona State Retirement System raised its stake in shares of Casey’s General Stores by 1.1% in the fourth quarter. Arizona State Retirement System now owns 26,274 shares of the company’s stock valued at $3,367,000 after acquiring an additional 290 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $269,000. Rhumbline Advisers raised its stake in shares of Casey’s General Stores by 39.8% in the fourth quarter. Rhumbline Advisers now owns 102,367 shares of the company’s stock valued at $13,117,000 after acquiring an additional 29,143 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $150,000. Hedge funds and other institutional investors own 90.23% of the company’s stock.
Shares of NASDAQ:CASY traded up $3.67 during midday trading on Friday, hitting $150.06. The company’s stock had a trading volume of 30,564 shares, compared to its average volume of 324,755. The company has a market cap of $5.36 billion, a P/E ratio of 39.33, a P/E/G ratio of 2.45 and a beta of 0.45. Casey’s General Stores has a fifty-two week low of $90.42 and a fifty-two week high of $149.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.22 and a current ratio of 0.76.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.32 per share. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a yield of 0.85%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 30.45%.
Casey’s General Stores Company Profile
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.
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