Equities research analysts expect Casey’s General Stores Inc (NASDAQ:CASY) to announce earnings per share of $2.10 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Casey’s General Stores’ earnings, with the lowest EPS estimate coming in at $2.00 and the highest estimate coming in at $2.24. Casey’s General Stores posted earnings of $1.80 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, December 9th.
On average, analysts expect that Casey’s General Stores will report full-year earnings of $6.30 per share for the current financial year, with EPS estimates ranging from $5.91 to $6.82. For the next year, analysts anticipate that the company will report earnings of $6.76 per share, with EPS estimates ranging from $6.25 to $7.39. Zacks’ 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 issued its earnings results on Monday, September 9th. The company reported $2.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.28. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.55%. The business had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
A number of brokerages have recently issued reports on CASY. Sidoti upped their target price on shares of Casey’s General Stores from $166.00 to $174.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. ValuEngine downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada lowered Casey’s General Stores from a “sector perform” rating to an “underperform” rating and upped their price objective for the company from $144.00 to $158.00 in a research note on Thursday, August 29th. Jefferies Financial Group set a $192.00 price objective on Casey’s General Stores and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Deutsche Bank raised their price objective on Casey’s General Stores from $166.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $172.80.
In other Casey’s General Stores news, Director Allison M. Wing sold 554 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $165.91, for a total value of $91,914.14. Following the transaction, 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 accessible through this link. Insiders own 0.41% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY grew its position in Casey’s General Stores by 2.4% during the third quarter. Metropolitan Life Insurance Co NY now owns 10,713 shares of the company’s stock worth $1,727,000 after buying an additional 247 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Casey’s General Stores in the third quarter worth $22,307,000. Barclays PLC increased its position in shares of Casey’s General Stores by 113.9% in the third quarter. Barclays PLC now owns 41,376 shares of the company’s stock worth $6,668,000 after purchasing an additional 22,029 shares during the period. Public Employees Retirement System of Ohio raised its stake in Casey’s General Stores by 1.4% in the third quarter. Public Employees Retirement System of Ohio now owns 47,723 shares of the company’s stock valued at $7,691,000 after purchasing an additional 652 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its stake in Casey’s General Stores by 6.9% in the third quarter. WealthPLAN Partners LLC now owns 29,594 shares of the company’s stock valued at $5,032,000 after purchasing an additional 1,923 shares in the last quarter. 86.23% of the stock is owned by hedge funds and other institutional investors.
Casey’s General Stores stock opened at $175.70 on Friday. The firm has a market capitalization of $6.46 billion, a PE ratio of 31.89, a P/E/G ratio of 3.06 and a beta of 0.52. The company’s 50-day moving average is $170.02 and its 200-day moving average is $160.99. Casey’s General Stores has a fifty-two week low of $116.23 and a fifty-two week high of $177.19. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.76 and a quick ratio of 0.29.
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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