Casey’s General Stores Inc (CASY) Expected to Post Earnings of $0.47 Per Share

Equities analysts expect Casey’s General Stores Inc (NASDAQ:CASY) to post earnings of $0.47 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided 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 reported earnings per share of $0.51 in the same quarter last year, which indicates a negative year over year growth rate of 7.8%. The company is expected to announce its next earnings report on Tuesday, June 11th.

According to Zacks, analysts expect that Casey’s General Stores will report full year earnings of $5.15 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.48. For the next fiscal year, analysts forecast that the business 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 sell-side 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.18. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.20 billion. Casey’s General Stores had a net margin of 2.14% and a return on equity of 14.89%.

Several brokerages have weighed in on CASY. BidaskClub lowered shares of Casey’s General Stores from a “sell” rating to a “strong sell” rating in a report on Thursday, March 21st. Gabelli reaffirmed a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, March 13th. Zacks Investment Research cut shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. 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 note on Friday, February 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $136.44.

In other news, VP William J. Walljasper sold 3,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total value of $378,150.00. Following the completion of the sale, the vice president now directly owns 24,785 shares in the company, valued at $3,124,149.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Julia L. Jackowski sold 12,500 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was 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 of the company’s stock, valued at $4,149,296.80. The disclosure for this sale can be found here. Insiders sold 20,500 shares of company stock valued at $2,602,775 over the last quarter. Corporate insiders own 0.72% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Casey’s General Stores by 3.1% in the fourth quarter. BlackRock Inc. now owns 3,187,331 shares of the company’s stock worth $408,424,000 after buying an additional 95,527 shares during the last quarter. Clearbridge Investments LLC increased its position in Casey’s General Stores by 2.3% during the third quarter. Clearbridge Investments LLC now owns 1,392,478 shares of the company’s stock worth $179,783,000 after acquiring an additional 31,899 shares during the period. Bank of New York Mellon Corp increased its position in Casey’s General Stores by 4.6% during the third quarter. Bank of New York Mellon Corp now owns 677,982 shares of the company’s stock worth $87,534,000 after acquiring an additional 29,624 shares during the period. Atlanta Capital Management Co. L L C increased its position in Casey’s General Stores by 0.3% during the fourth quarter. Atlanta Capital Management Co. L L C now owns 497,586 shares of the company’s stock worth $63,761,000 after acquiring an additional 1,501 shares during the period. Finally, Victory Capital Management Inc. increased its position in Casey’s General Stores by 0.3% during the fourth quarter. Victory Capital Management Inc. now owns 489,000 shares of the company’s stock worth $62,660,000 after acquiring an additional 1,250 shares during the period. Institutional investors and hedge funds own 89.24% of the company’s stock.

CASY stock traded down $0.58 during mid-day trading on Monday, hitting $133.31. 8,119 shares of the company were exchanged, compared to its average volume of 310,086. The firm has a market cap of $4.88 billion, a P/E ratio of 34.99, a P/E/G ratio of 2.59 and a beta of 0.45. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.76 and a quick ratio of 0.22. Casey’s General Stores has a twelve month low of $90.42 and a twelve month high of $138.45.

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

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

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