Casey’s General Stores Inc (NASDAQ:CASY) – Stock analysts at Jefferies Financial Group reduced their Q2 2020 earnings per share (EPS) estimates for Casey’s General Stores in a report issued on Wednesday, December 4th. Jefferies Financial Group analyst C. Mandeville now anticipates that the company will post earnings of $2.05 per share for the quarter, down from their prior forecast of $2.15. Jefferies Financial Group currently has a “Buy” rating and a $192.00 price objective on the stock. Jefferies Financial Group also issued estimates for Casey’s General Stores’ Q3 2020 earnings at $0.80 EPS, FY2020 earnings at $5.91 EPS, Q2 2021 earnings at $2.39 EPS, Q3 2021 earnings at $1.15 EPS, Q4 2021 earnings at $0.80 EPS and FY2022 earnings at $7.67 EPS.
Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, September 9th. The company reported $2.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.28. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
Several other research firms also recently weighed in on CASY. Barclays boosted their target price on Casey’s General Stores from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Stephens raised their price target on Casey’s General Stores from $181.00 to $197.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Deutsche Bank lifted their price objective on shares of Casey’s General Stores from $166.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Sidoti boosted their price objective on shares of Casey’s General Stores from $166.00 to $174.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada downgraded shares of Casey’s General Stores from a “sector perform” rating to an “underperform” rating and increased their target price for the company from $144.00 to $158.00 in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Casey’s General Stores currently has a consensus rating of “Hold” and a consensus target price of $172.80.
NASDAQ:CASY opened at $175.70 on Friday. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 31.89, a PEG ratio of 3.03 and a beta of 0.52. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.29. The business has a 50 day simple moving average of $170.02 and a 200-day simple moving average of $160.99. Casey’s General Stores has a 1 year low of $116.23 and a 1 year high of $177.19.
Hedge funds have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. lifted its holdings in Casey’s General Stores by 7.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 62,023 shares of the company’s stock valued at $9,675,000 after buying an additional 4,438 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Casey’s General Stores by 9.3% in the third quarter. Benjamin Edwards Inc. now owns 976 shares of the company’s stock valued at $157,000 after purchasing an additional 83 shares during the period. Dearborn Partners LLC boosted its holdings in shares of Casey’s General Stores by 4.5% in the second quarter. Dearborn Partners LLC now owns 170,761 shares of the company’s stock valued at $26,637,000 after purchasing an additional 7,409 shares during the period. State of New Jersey Common Pension Fund D bought a new position in Casey’s General Stores in the third quarter worth approximately $5,608,000. Finally, Carillon Tower Advisers Inc. grew its stake in Casey’s General Stores by 29.1% in the second quarter. Carillon Tower Advisers Inc. now owns 830,521 shares of the company’s stock worth $129,553,000 after purchasing an additional 187,330 shares in the last quarter. Institutional investors and hedge funds own 86.23% of the company’s stock.
In related news, Director Allison M. Wing sold 554 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total transaction of $91,914.14. Following the completion of the transaction, the director now owns 998 shares in the company, valued at approximately $165,578.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, October 31st. Casey’s General Stores’s dividend payout ratio is currently 23.23%.
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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