Equities analysts expect that Casey's General Stores Inc (NASDAQ:CASY) will post $0.87 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Casey's General Stores’ earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $1.07. Casey's General Stores posted earnings per share of $1.19 in the same quarter last year, which suggests a negative year over year growth rate of 26.9%. The company is expected to issue its next quarterly earnings results after the market closes on Monday, June 5th.
According to Zacks, analysts expect that Casey's General Stores will report full-year earnings of $4.60 per share for the current fiscal year, with EPS estimates ranging from $4.41 to $4.79. For the next fiscal year, analysts anticipate that the business will post earnings of $5.03 per share, with EPS estimates ranging from $4.26 to $5.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Casey's General Stores.
Casey's General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, March 6th. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by $0.32. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Casey's General Stores had a return on equity of 18.75% and a net margin of 2.98%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 EPS.
CASY has been the subject of several research reports. Feltl & Co. cut shares of Casey's General Stores from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 8th. Jefferies Group LLC restated a “buy” rating and set a $139.00 price target on shares of Casey's General Stores in a report on Thursday, March 16th. Zacks Investment Research upgraded shares of Casey's General Stores from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BMO Capital Markets set a $115.00 target price on shares of Casey's General Stores and gave the company a “hold” rating in a research note on Wednesday, January 25th. Finally, Goldman Sachs Group Inc assumed coverage on shares of Casey's General Stores in a research note on Thursday, April 27th. They issued a “neutral” rating and a $109.00 target price for the company. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $125.71.
In other Casey's General Stores news, VP William J. Walljasper sold 2,200 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $108.74, for a total transaction of $239,228.00. Following the transaction, the vice president now owns 22,109 shares in the company, valued at approximately $2,404,132.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William C. Kimball sold 2,000 shares of the firm’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $108.99, for a total value of $217,980.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Reilly Financial Advisors LLC boosted its position in shares of Casey's General Stores by 4.1% in the first quarter. Reilly Financial Advisors LLC now owns 68,398 shares of the company’s stock worth $7,678,000 after buying an additional 2,674 shares during the last quarter. Mairs & Power INC boosted its position in shares of Casey's General Stores by 28.4% in the third quarter. Mairs & Power INC now owns 74,570 shares of the company’s stock worth $8,960,000 after buying an additional 16,500 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of Casey's General Stores during the third quarter worth approximately $5,923,000. Envestnet Asset Management Inc. boosted its position in shares of Casey's General Stores by 251.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,917 shares of the company’s stock worth $2,487,000 after buying an additional 14,962 shares during the last quarter. Finally, LNZ Capital LP bought a new position in shares of Casey's General Stores during the third quarter worth approximately $15,620,000. Institutional investors own 90.10% of the company’s stock.
Shares of Casey's General Stores (NASDAQ:CASY) traded up 0.51% during mid-day trading on Thursday, hitting $114.50. 18,681 shares of the company’s stock traded hands. The stock has a market cap of $4.49 billion, a P/E ratio of 23.32 and a beta of 0.46. Casey's General Stores has a 1-year low of $107.43 and a 1-year high of $136.22. The stock has a 50 day moving average price of $112.98 and a 200-day moving average price of $115.99.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Monday, May 1st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, April 27th. Casey's General Stores’s dividend payout ratio (DPR) is presently 18.11%.
About Casey's 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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