Equities research analysts expect Caseys General Stores, Inc. (NASDAQ:CASY) to post earnings of $1.47 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Caseys General Stores’ earnings, with the highest EPS estimate coming in at $1.58 and the lowest estimate coming in at $1.35. Caseys General Stores reported earnings of $1.70 per share in the same quarter last year, which indicates a negative year over year growth rate of 13.5%. The firm is expected to announce its next earnings report on Tuesday, September 5th.
On average, analysts expect that Caseys General Stores will report full-year earnings of $4.44 per share for the current fiscal year, with EPS estimates ranging from $4.19 to $4.74. For the next year, analysts forecast that the business will post earnings of $4.95 per share, with EPS estimates ranging from $4.57 to $5.39. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Caseys General Stores.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the business posted $1.19 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis.
Caseys General Stores (NASDAQ CASY) traded down 0.14% during trading on Friday, reaching $108.73. 64,578 shares of the company were exchanged. The firm has a 50-day moving average of $106.22 and a 200-day moving average of $111.65. Caseys General Stores has a 52-week low of $101.89 and a 52-week high of $135.68. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 24.27 and a beta of 0.48.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, July 28th. This is a positive change from Caseys General Stores’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. Caseys General Stores’s dividend payout ratio is presently 23.21%.
In other news, SVP John C. Soupene sold 1,000 shares of the stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total value of $106,520.00. Following the transaction, the senior vice president now directly owns 1,253 shares of the company’s stock, valued at $133,469.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in CASY. Advisory Services Network LLC acquired a new position in Caseys General Stores during the first quarter worth approximately $115,000. Engine Capital Management LLC raised its position in Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after buying an additional 1,762 shares in the last quarter. Private Advisor Group LLC acquired a new position in Caseys General Stores during the first quarter worth approximately $233,000. State of Alaska Department of Revenue raised its position in Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock worth $270,000 after buying an additional 117 shares in the last quarter. Finally, Denver Investment Advisors LLC raised its position in Caseys General Stores by 24.5% in the second quarter. Denver Investment Advisors LLC now owns 2,540 shares of the company’s stock worth $272,000 after buying an additional 500 shares in the last quarter. 96.21% of the stock is currently owned by institutional investors and hedge funds.
Caseys General Stores Company Profile
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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