Analysts forecast that Caseys General Stores, Inc. (NASDAQ:CASY) will post earnings of $1.35 per share for the current quarter, according to Zacks. Five analysts have made estimates for Caseys General Stores’ earnings, with estimates ranging from $1.24 to $1.42. Caseys General Stores posted earnings per share of $1.44 during the same quarter last year, which would indicate a negative year over year growth rate of 6.2%. The company is expected to report its next quarterly earnings results after the market closes on Monday, December 11th.
According to Zacks, analysts expect that Caseys General Stores will report full year earnings of $4.31 per share for the current fiscal year, with EPS estimates ranging from $4.10 to $4.47. For the next fiscal year, analysts expect that the firm will post earnings of $4.83 per share, with EPS estimates ranging from $4.66 to $5.22. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover Caseys General Stores.
Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, hitting analysts’ consensus estimates of $1.46. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. Caseys General Stores’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share.
A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada set a $118.00 price target on Caseys General Stores and gave the stock a “hold” rating in a research report on Sunday, August 13th. Zacks Investment Research raised Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the company a “buy” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Caseys General Stores has an average rating of “Hold” and a consensus target price of $115.29.
In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the sale, the senior vice president now directly 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 available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of CASY. Vanguard Group Inc. raised its position in shares of Caseys General Stores by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,489,016 shares of the company’s stock worth $373,709,000 after purchasing an additional 48,059 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Caseys General Stores by 20.4% during the 3rd quarter. Janus Henderson Group PLC now owns 1,825,662 shares of the company’s stock worth $199,819,000 after purchasing an additional 309,263 shares during the last quarter. Iridian Asset Management LLC CT raised its position in shares of Caseys General Stores by 9.2% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock worth $166,379,000 after purchasing an additional 131,245 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Caseys General Stores by 5.0% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,331,457 shares of the company’s stock worth $145,728,000 after purchasing an additional 63,323 shares during the last quarter. Finally, State Street Corp raised its position in shares of Caseys General Stores by 0.7% during the 2nd quarter. State Street Corp now owns 1,088,458 shares of the company’s stock worth $116,577,000 after purchasing an additional 7,264 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.
Shares of Caseys General Stores (CASY) traded down $0.04 during mid-day trading on Friday, hitting $119.26. The stock had a trading volume of 132,649 shares, compared to its average volume of 320,083. The firm has a market capitalization of $4,519.60, a P/E ratio of 28.13, a PEG ratio of 2.56 and a beta of 0.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.48 and a current ratio of 0.99. Caseys General Stores has a 1-year low of $99.76 and a 1-year high of $126.49.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.87%. The ex-dividend date was Tuesday, October 31st. Caseys General Stores’s payout ratio is 24.53%.
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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