Analysts Anticipate Casey’s General Stores Inc (NASDAQ:CASY) to Post $0.88 EPS

Wall Street analysts expect that Casey’s General Stores Inc (NASDAQ:CASY) will post earnings per share of $0.88 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Casey’s General Stores’ earnings. The highest EPS estimate is $1.00 and the lowest is $0.73. Casey’s General Stores posted earnings per share of $1.13 in the same quarter last year, which indicates a negative year over year growth rate of 22.1%. The company is scheduled to report its next quarterly earnings report on Monday, March 9th.

On average, analysts expect that Casey’s General Stores will report full-year earnings of $6.27 per share for the current fiscal year, with EPS estimates ranging from $6.12 to $6.41. For the next financial year, analysts expect that the firm will report earnings of $6.90 per share, with EPS estimates ranging from $6.70 to $7.14. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Casey’s General Stores.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 9th. The company reported $2.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.15 by $0.06. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.53 billion. Casey’s General Stores had a net margin of 2.51% and a return on equity of 16.06%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.80 earnings per share.

Several research firms have recently issued reports on CASY. BidaskClub upgraded shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, December 25th. BMO Capital Markets decreased their price objective on shares of Casey’s General Stores from $170.00 to $165.00 and set a “market perform” rating for the company in a research report on Wednesday, December 11th. Finally, ValuEngine cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Casey’s General Stores has an average rating of “Hold” and an average price target of $172.30.

Shares of CASY stock traded down $1.95 during trading hours on Tuesday, hitting $166.19. 9,261 shares of the company’s stock traded hands, compared to its average volume of 275,876. The stock’s 50 day simple moving average is $162.90 and its 200 day simple moving average is $165.52. The stock has a market cap of $6.19 billion, a PE ratio of 26.28, a price-to-earnings-growth ratio of 2.93 and a beta of 0.50. Casey’s General Stores has a 12 month low of $122.86 and a 12 month high of $179.21. The company has a quick ratio of 0.11, a current ratio of 0.36 and a debt-to-equity ratio of 0.46.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, January 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 23.23%.

Several institutional investors and hedge funds have recently bought and sold shares of CASY. Squar Milner Financial Services LLC increased its position in shares of Casey’s General Stores by 163.9% during the fourth quarter. Squar Milner Financial Services LLC now owns 161 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Quadrant Capital Group LLC grew its holdings in Casey’s General Stores by 41.9% in the third quarter. Quadrant Capital Group LLC now owns 491 shares of the company’s stock worth $77,000 after purchasing an additional 145 shares during the period. LS Investment Advisors LLC grew its holdings in Casey’s General Stores by 8.6% in the third quarter. LS Investment Advisors LLC now owns 806 shares of the company’s stock worth $130,000 after purchasing an additional 64 shares during the period. NEXT Financial Group Inc grew its holdings in Casey’s General Stores by 2,853.1% in the third quarter. NEXT Financial Group Inc now owns 945 shares of the company’s stock worth $152,000 after purchasing an additional 913 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in Casey’s General Stores by 9.3% in the third quarter. Benjamin Edwards Inc. now owns 976 shares of the company’s stock worth $157,000 after purchasing an additional 83 shares during the period. Institutional investors own 85.62% of the company’s stock.

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

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