Equities analysts forecast that Casey’s General Stores Inc (NASDAQ:CASY) will post $0.96 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Casey’s General Stores’ earnings. The lowest EPS estimate is $0.79 and the highest is $1.16. Casey’s General Stores reported earnings of $1.13 per share in the same quarter last year, which suggests a negative year over year growth rate of 15%. The company is expected to issue its next quarterly earnings results on Monday, March 9th.
On average, analysts expect that Casey’s General Stores will report full-year earnings of $6.32 per share for the current year, with EPS estimates ranging from $5.91 to $6.82. For the next fiscal year, analysts expect that the business will report earnings of $6.78 per share, with EPS estimates ranging from $6.25 to $7.39. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Casey’s General Stores.
Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, December 9th. The company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.06. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.53 billion. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.55%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.80 EPS.
CASY has been the subject of several research reports. Stephens boosted their price target on shares of Casey’s General Stores from $181.00 to $197.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 11th. Royal Bank of Canada cut Casey’s General Stores from a “sector perform” rating to an “underperform” rating and increased their price objective for the company from $144.00 to $158.00 in a research note on Thursday, August 29th. BMO Capital Markets decreased their target price on Casey’s General Stores from $170.00 to $165.00 and set a “market perform” rating for the company in a report on Wednesday. Jefferies Financial Group set a $192.00 target price on Casey’s General Stores and gave the company a “buy” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their target price on Casey’s General Stores from $152.00 to $169.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $172.30.
In other Casey’s General Stores news, Director Allison M. Wing sold 554 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $165.91, for a total value of $91,914.14. Following the sale, the director now directly owns 998 shares of the company’s stock, valued at approximately $165,578.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. LS Investment Advisors LLC grew its holdings in shares of Casey’s General Stores by 8.6% during the third quarter. LS Investment Advisors LLC now owns 806 shares of the company’s stock worth $130,000 after buying an additional 64 shares in the last quarter. Eukles Asset Management increased its position in Casey’s General Stores by 2.1% during the 2nd quarter. Eukles Asset Management now owns 3,237 shares of the company’s stock worth $505,000 after purchasing an additional 67 shares during the period. MML Investors Services LLC raised its stake in shares of Casey’s General Stores by 2.5% during the 2nd quarter. MML Investors Services LLC now owns 2,795 shares of the company’s stock worth $436,000 after buying an additional 69 shares in the last quarter. TrinityPoint Wealth LLC raised its stake in shares of Casey’s General Stores by 4.5% during the 2nd quarter. TrinityPoint Wealth LLC now owns 1,848 shares of the company’s stock worth $301,000 after buying an additional 80 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Casey’s General Stores by 9.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 976 shares of the company’s stock valued at $157,000 after buying an additional 83 shares during the period. Institutional investors and hedge funds own 86.23% of the company’s stock.
CASY stock traded down $2.32 during midday trading on Friday, hitting $156.40. The company’s stock had a trading volume of 293,871 shares, compared to its average volume of 321,099. The company has a quick ratio of 0.29, a current ratio of 0.76 and a debt-to-equity ratio of 0.88. Casey’s General Stores has a 52-week low of $116.23 and a 52-week high of $179.21. The firm has a market capitalization of $6.46 billion, a P/E ratio of 28.38, a PEG ratio of 3.06 and a beta of 0.52. The firm has a 50-day simple moving average of $170.59 and a 200-day simple moving average of $161.77.
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.
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