Brokerages Anticipate Casey’s General Stores, Inc. (NASDAQ:CASY) to Post $1.44 Earnings Per Share

Equities analysts predict that Casey’s General Stores, Inc. (NASDAQ:CASY – Get Rating) will post earnings per share of $1.44 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Casey’s General Stores’ earnings, with the highest EPS estimate coming in at $1.61 and the lowest estimate coming in at $1.24. Casey’s General Stores reported earnings of $1.12 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 28.6%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

On average, analysts expect that Casey’s General Stores will report full year earnings of $8.84 per share for the current financial year, with EPS estimates ranging from $8.65 to $9.08. For the next fiscal year, analysts forecast that the company will post earnings of $9.25 per share, with EPS estimates ranging from $8.75 to $9.88. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side 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. Casey’s General Stores had a net margin of 2.71% and a return on equity of 15.56%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm posted $1.04 earnings per share. The business’s revenue was up 51.8% on a year-over-year basis.

CASY has been the subject of a number of analyst reports. Royal Bank of Canada decreased their price objective on shares of Casey’s General Stores from $237.00 to $235.00 and set a “sector perform” rating for the company in a report on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Casey’s General Stores from $257.00 to $259.00 and gave the stock a “buy” rating in a research report on Thursday, March 10th. Finally, StockNews.com assumed coverage on shares of Casey’s General Stores in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $232.70.

A number of institutional investors have recently bought and sold shares of CASY. Legacy Bridge LLC purchased a new position in Casey’s General Stores in the 4th quarter valued at about $34,000. Lumature Wealth Partners LLC increased its holdings in Casey’s General Stores by 63.8% in the 4th quarter. Lumature Wealth Partners LLC now owns 172 shares of the company’s stock valued at $34,000 after purchasing an additional 67 shares during the last quarter. Covestor Ltd acquired a new position in shares of Casey’s General Stores in the fourth quarter worth $34,000. O Shaughnessy Asset Management LLC grew its stake in shares of Casey’s General Stores by 86.0% in the third 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. 84.44% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CASY opened at $203.53 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 company’s fifty day moving average is $196.83 and its two-hundred day moving average is $193.61. Casey’s General Stores has a 52-week low of $170.82 and a 52-week high of $229.18. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 23.64 and a beta of 0.77.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Monday, May 2nd will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, April 29th. Casey’s General Stores’s payout ratio is currently 16.26%.

About Casey’s General Stores (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.

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