$3.44 Billion in Sales Expected for Casey’s General Stores, Inc. (NASDAQ:CASY) This Quarter

Wall Street analysts forecast that Casey’s General Stores, Inc. (NASDAQ:CASYGet Rating) will report $3.44 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Casey’s General Stores’ earnings, with the highest sales estimate coming in at $3.55 billion and the lowest estimate coming in at $3.35 billion. Casey’s General Stores posted sales of $2.38 billion during the same quarter last year, which would indicate a positive year over year growth rate of 44.5%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Casey’s General Stores will report full year sales of $12.94 billion for the current fiscal year, with estimates ranging from $12.85 billion to $13.04 billion. For the next financial year, analysts expect that the business will post sales of $14.85 billion, with estimates ranging from $14.62 billion to $15.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Casey’s General Stores.

Casey’s General Stores (NASDAQ:CASYGet Rating) last issued its quarterly earnings results on Tuesday, March 8th. The company reported $1.71 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 company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted $1.04 EPS. The firm’s revenue was up 51.8% compared to the same quarter last year.

Several brokerages have commented on CASY. Royal Bank of Canada decreased their price target on shares of Casey’s General Stores from $237.00 to $235.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 9th. StockNews.com began coverage on shares of Casey’s General Stores in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company began coverage on shares of Casey’s General Stores in a research report on Wednesday. They set an “overweight” rating and a $240.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Casey’s General Stores currently has an average rating of “Buy” and a consensus target price of $233.36.

Shares of CASY stock opened at $203.03 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.84 and a debt-to-equity ratio of 0.81. Casey’s General Stores has a 52 week low of $170.82 and a 52 week high of $222.11. The stock has a market capitalization of $7.53 billion, a PE ratio of 23.58 and a beta of 0.78. The firm has a 50 day moving average of $202.84 and a two-hundred day moving average of $194.71.

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

A number of large investors have recently made changes to their positions in the stock. First National Bank of Omaha raised its stake in Casey’s General Stores by 68.7% during the 1st quarter. First National Bank of Omaha now owns 8,562 shares of the company’s stock worth $1,697,000 after acquiring an additional 3,488 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Casey’s General Stores by 116.0% in the first quarter. Neuberger Berman Group LLC now owns 3,426 shares of the company’s stock valued at $679,000 after purchasing an additional 1,840 shares during the period. BNP Paribas Arbitrage SA increased its stake in Casey’s General Stores by 42.1% in the first quarter. BNP Paribas Arbitrage SA now owns 18,865 shares of the company’s stock valued at $3,738,000 after purchasing an additional 5,585 shares during the period. Bridge City Capital LLC increased its stake in Casey’s General Stores by 25.8% in the first quarter. Bridge City Capital LLC now owns 17,570 shares of the company’s stock valued at $3,482,000 after purchasing an additional 3,606 shares during the period. Finally, Weiss Multi Strategy Advisers LLC acquired a new position in Casey’s General Stores in the first quarter valued at $21,799,000. Hedge funds and other institutional investors own 84.44% of the company’s stock.

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.

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Earnings History and Estimates for Casey's General Stores (NASDAQ:CASY)

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