Zacks: Analysts Anticipate Casey’s General Stores Inc (CASY) Will Post Earnings of $0.47 Per Share

Brokerages expect Casey’s General Stores Inc (NASDAQ:CASY) to report earnings of $0.47 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Casey’s General Stores’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.65. Casey’s General Stores posted earnings per share of $0.51 during the same quarter last year, which would indicate a negative year over year growth rate of 7.8%. The company is scheduled to report its next earnings report on Tuesday, June 11th.

On average, analysts expect that Casey’s General Stores will report full-year earnings of $5.15 per share for the current financial year, with EPS estimates ranging from $4.90 to $5.48. For the next fiscal year, analysts expect that the company will report earnings of $5.40 per share, with EPS estimates ranging from $4.80 to $5.70. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Casey’s General Stores.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, March 11th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.18. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.20 billion.

Several brokerages recently issued reports on CASY. Gabelli reiterated a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, March 13th. Zacks Investment Research upgraded shares of Casey’s General Stores from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a research report on Wednesday, March 20th. BidaskClub downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Sidoti set a $138.00 target price on shares of Casey’s General Stores and gave the company a “hold” rating in a research report on Friday, February 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $136.44.

In related news, insider Terry W. Handley sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $130.05, for a total value of $650,250.00. Following the sale, the insider now directly owns 36,945 shares in the company, valued at approximately $4,804,697.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Julia L. Jackowski sold 12,500 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the completion of the sale, the senior vice president now owns 32,944 shares in the company, valued at $4,149,296.80. The disclosure for this sale can be found here. Insiders sold a total of 20,500 shares of company stock worth $2,602,775 over the last quarter. 0.72% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in CASY. Enlightenment Research LLC bought a new position in shares of Casey’s General Stores during the 4th quarter worth approximately $26,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth $29,000. Valeo Financial Advisors LLC lifted its holdings in shares of Casey’s General Stores by 2,500.0% during the first quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock worth $40,000 after buying an additional 300 shares in the last quarter. Carroll Financial Associates Inc. acquired a new stake in shares of Casey’s General Stores during the first quarter worth $48,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth $150,000. Institutional investors and hedge funds own 89.24% of the company’s stock.

Shares of CASY traded down $0.58 during trading hours on Monday, hitting $133.31. The stock had a trading volume of 8,119 shares, compared to its average volume of 310,086. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.22 and a current ratio of 0.76. Casey’s General Stores has a 52 week low of $90.42 and a 52 week high of $138.45. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.59 and a beta of 0.45.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.87%. Casey’s General Stores’s dividend payout ratio is 30.45%.

About Casey’s General Stores

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

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