Casey’s General Stores Inc (NASDAQ:CASY) – Equities researchers at Northcoast Research lifted their FY2021 EPS estimates for Casey’s General Stores in a research report issued on Wednesday, January 15th. Northcoast Research analyst C. Cerankosky now expects that the company will post earnings of $7.00 per share for the year, up from their prior forecast of $6.90.
CASY has been the subject of a number of other reports. ValuEngine downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Sidoti lifted their target price on Casey’s General Stores from $166.00 to $174.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. BMO Capital Markets cut their price target on Casey’s General Stores from $170.00 to $165.00 and set a “market perform” rating on the stock in a report on Wednesday, December 11th. Finally, BidaskClub raised Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $172.30.
NASDAQ:CASY traded up $2.25 during mid-day trading on Friday, reaching $169.39. The stock had a trading volume of 7,476 shares, compared to its average volume of 349,918. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.36 and a quick ratio of 0.11. The stock’s 50 day simple moving average is $163.78 and its two-hundred day simple moving average is $165.10. Casey’s General Stores has a 1-year low of $122.86 and a 1-year high of $179.21. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 30.72, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50.
Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.15 by $0.06. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.53 billion. Casey’s General Stores had a return on equity of 16.06% and a net margin of 2.51%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $1.80 earnings per share.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alpine Global Management LLC bought a new stake in shares of Casey’s General Stores during the fourth quarter valued at approximately $929,000. 6 Meridian lifted its position in shares of Casey’s General Stores by 4.3% in the 4th quarter. 6 Meridian now owns 3,412 shares of the company’s stock worth $542,000 after purchasing an additional 141 shares during the period. Advisors Capital Management LLC lifted its position in shares of Casey’s General Stores by 2.7% in the 4th quarter. Advisors Capital Management LLC now owns 20,210 shares of the company’s stock worth $3,213,000 after purchasing an additional 533 shares during the period. Gateway Investment Advisers LLC lifted its position in shares of Casey’s General Stores by 2.4% in the 4th quarter. Gateway Investment Advisers LLC now owns 31,180 shares of the company’s stock worth $4,957,000 after purchasing an additional 731 shares during the period. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Casey’s General Stores by 2.4% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 10,713 shares of the company’s stock worth $1,727,000 after purchasing an additional 247 shares during the period. 86.19% of the stock is currently owned by institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.76%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 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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