Casey’s General Stores (CASY) Earning Somewhat Positive News Coverage, Accern Reports

Press coverage about Casey’s General Stores (NASDAQ:CASY) has been trending somewhat positive on Monday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Casey’s General Stores earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.9263743627571 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:

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A number of research firms have weighed in on CASY. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $118.00 price objective (up from $112.00) on shares of Casey’s General Stores in a report on Thursday, March 8th. BidaskClub raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Wednesday, April 4th. Zacks Investment Research downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Monday, March 12th. BMO Capital Markets set a $122.00 price objective on Casey’s General Stores and gave the company a “hold” rating in a report on Wednesday, March 7th. Finally, Stephens reaffirmed a “buy” rating and set a $140.00 price objective on shares of Casey’s General Stores in a report on Thursday, March 8th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $122.91.

Shares of CASY opened at $101.57 on Monday. The company has a market capitalization of $4,017.86, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.12 and a beta of 0.59. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.48 and a current ratio of 1.03. Casey’s General Stores has a one year low of $99.76 and a one year high of $128.51.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Wednesday, March 7th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.14). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.05 billion. Casey’s General Stores had a return on equity of 12.70% and a net margin of 4.03%. The firm’s revenue was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 earnings per share. sell-side analysts expect that Casey’s General Stores will post 4.02 EPS for the current fiscal year.

Casey’s General Stores declared that its Board of Directors has approved a stock repurchase program on Wednesday, March 7th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, April 30th. Casey’s General Stores’s payout ratio is currently 23.21%.

In other news, VP William J. Walljasper sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $108.85, for a total value of $108,850.00. Following the transaction, the vice president now directly owns 21,452 shares of the company’s stock, valued at approximately $2,335,050.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cara Kay Heiden acquired 4,000 shares of Casey’s General Stores stock in a transaction on Thursday, March 8th. The shares were purchased at an average cost of $109.77 per share, for a total transaction of $439,080.00. Following the acquisition, the director now owns 5,043 shares in the company, valued at approximately $553,570.11. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

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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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