Casey’s General Stores, Inc. (NASDAQ:CASY) Expected to Announce Earnings of $1.44 Per Share

Analysts expect Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) to post earnings of $1.44 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Casey’s General Stores’ earnings. The lowest EPS estimate is $1.24 and the highest is $1.61. Casey’s General Stores reported earnings of $1.12 per share during the same quarter last year, which indicates a positive year over year growth rate of 28.6%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Casey’s General Stores will report full year earnings of $8.84 per share for the current year, with EPS estimates ranging from $8.65 to $9.08. For the next financial year, analysts forecast that the firm will report earnings of $9.25 per share, with EPS estimates ranging from $8.75 to $9.88. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Casey’s General Stores.

Casey’s General Stores (NASDAQ:CASY – Get Rating) last posted its quarterly earnings data on Tuesday, March 8th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.26. The business had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.05 billion. Casey’s General Stores had a return on equity of 15.56% and a net margin of 2.71%. The company’s revenue for the quarter was up 51.8% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS.

CASY has been the topic of a number of analyst reports. Royal Bank of Canada cut their target price on Casey’s General Stores from $237.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft increased their target price on Casey’s General Stores from $257.00 to $259.00 and gave the stock a “buy” rating in a research note on Thursday, March 10th. StockNews.com assumed coverage on shares of Casey’s General Stores in a research note on Thursday, March 31st. They set a “buy” rating for the company. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $243.00 price target on shares of Casey’s General Stores in a research note on Tuesday, December 14th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $232.70.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CASY. Legacy Bridge LLC bought a new position in Casey’s General Stores in the fourth quarter worth approximately $34,000. Lumature Wealth Partners LLC boosted its position in Casey’s General Stores by 63.8% during the 4th quarter. Lumature Wealth Partners LLC now owns 172 shares of the company’s stock valued at $34,000 after acquiring an additional 67 shares in the last quarter. Covestor Ltd purchased a new position in shares of Casey’s General Stores in the 4th quarter valued at $34,000. O Shaughnessy Asset Management LLC raised its position in shares of Casey’s General Stores by 86.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 240 shares of the company’s stock worth $45,000 after acquiring an additional 111 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Casey’s General Stores during the 4th quarter worth $49,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.

Casey’s General Stores stock opened at $205.58 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.84 and a quick ratio of 0.39. The firm has a market capitalization of $7.63 billion, a P/E ratio of 23.88 and a beta of 0.84. Casey’s General Stores has a 1-year low of $170.82 and a 1-year high of $229.18. The company’s 50-day moving average is $189.50 and its 200 day moving average is $191.51.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, April 29th. This represents a $1.40 annualized dividend and a dividend yield of 0.68%. Casey’s General Stores’s dividend payout ratio is currently 16.26%.

Casey’s General Stores Company Profile (Get Rating)

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

See Also