Equities research analysts expect Casey’s General Stores Inc (NASDAQ:CASY) to report $2.66 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Casey’s General Stores’ earnings. The lowest sales estimate is $2.59 billion and the highest is $2.78 billion. Casey’s General Stores posted sales of $2.59 billion during the same quarter last year, which suggests a positive year over year growth rate of 2.7%. The firm is expected to report its next earnings results on Monday, September 9th.
On average, analysts expect that Casey’s General Stores will report full-year sales of $9.74 billion for the current fiscal year, with estimates ranging from $8.99 billion to $10.19 billion. For the next fiscal year, analysts forecast that the company will report sales of $10.64 billion, with estimates ranging from $9.47 billion to $11.50 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Casey’s General Stores.
Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, June 10th. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.27. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.13 billion. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share.
CASY stock traded down $0.31 during trading hours on Friday, hitting $151.98. The company’s stock had a trading volume of 490,496 shares, compared to its average volume of 315,293. The company has a quick ratio of 0.22, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 2.65 and a beta of 0.45. Casey’s General Stores has a 12 month low of $99.06 and a 12 month high of $154.35.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. Casey’s General Stores’s payout ratio is presently 21.05%.
In other news, SVP Julia L. Jackowski sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $149.49, for a total value of $2,989,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP William J. Walljasper sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.05, for a total transaction of $378,150.00. Following the completion of the sale, the vice president now owns 24,785 shares of the company’s stock, valued at $3,124,149.25. The disclosure for this sale can be found here. Insiders sold 43,606 shares of company stock valued at $6,155,550 over the last 90 days. 0.72% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Enlightenment Research LLC acquired a new position in Casey’s General Stores during the 4th quarter valued at $26,000. Mckinley Capital Management LLC Delaware bought a new stake in Casey’s General Stores in the 4th quarter valued at $29,000. FinTrust Capital Advisors LLC bought a new stake in Casey’s General Stores in the 1st quarter valued at $29,000. Valeo Financial Advisors LLC increased its holdings in Casey’s General Stores by 2,500.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after buying an additional 300 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Casey’s General Stores by 170.3% in the 1st quarter. Quadrant Capital Group LLC now owns 346 shares of the company’s stock valued at $42,000 after buying an additional 218 shares during the period. Hedge funds and other institutional investors own 90.23% of the company’s stock.
Casey’s General Stores Company Profile
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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