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

Wall Street brokerages expect Casey’s General Stores Inc (NASDAQ:CASY) to post $0.47 earnings per share (EPS) for the current quarter, Zacks reports. 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 in the same quarter last year, which would indicate a negative year over year growth rate of 7.8%. The business is expected to issue its next earnings results on Tuesday, June 11th.

According to Zacks, analysts expect that Casey’s General Stores will report full year earnings of $5.18 per share for the current fiscal year, with EPS estimates ranging from $4.90 to $5.48. For the next financial year, analysts forecast that the business will report earnings of $5.34 per share, with EPS estimates ranging from $4.80 to $5.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Casey’s General Stores.

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

Several brokerages have commented on CASY. Gabelli reissued a “buy” rating on shares of Casey’s General Stores in a research report on Wednesday, December 12th. BidaskClub raised Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Barclays raised their price objective on Casey’s General Stores from $107.00 to $123.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 12th. BMO Capital Markets set a $130.00 price objective on Casey’s General Stores and gave the company a “hold” rating in a research report on Thursday, December 13th. Finally, Sidoti set a $130.00 price objective on Casey’s General Stores and gave the company a “hold” rating in a research report on Wednesday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $133.40.

In other news, SVP Julia L. Jackowski sold 12,500 shares of the firm’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 transaction, the senior vice president now directly owns 32,944 shares in the company, valued at $4,149,296.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Terry W. Handley sold 5,000 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 36,945 shares of the company’s stock, valued at $4,804,697.25. The disclosure for this sale can be found here. Insiders have sold 24,800 shares of company stock valued at $3,155,067 in the last three months. Insiders own 0.72% of the company’s stock.

Several large investors have recently modified their holdings of CASY. SG Americas Securities LLC increased its holdings in shares of Casey’s General Stores by 140.7% during the third quarter. SG Americas Securities LLC now owns 13,007 shares of the company’s stock valued at $1,679,000 after acquiring an additional 7,603 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Casey’s General Stores during the third quarter valued at $215,000. Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $87,534,000 after acquiring an additional 29,624 shares in the last quarter. Rafferty Asset Management LLC bought a new position in shares of Casey’s General Stores during the third quarter valued at $303,000. Finally, FMR LLC increased its holdings in shares of Casey’s General Stores by 42.3% during the third quarter. FMR LLC now owns 206,029 shares of the company’s stock valued at $26,601,000 after acquiring an additional 61,289 shares in the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.

Shares of CASY stock opened at $129.42 on Friday. 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 capitalization of $4.72 billion, a P/E ratio of 24.11, a price-to-earnings-growth ratio of 2.48 and a beta of 0.45. The company has a quick ratio of 0.22, a current ratio of 0.76 and a debt-to-equity ratio of 0.93.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s dividend payout ratio is currently 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.

See Also: How to calculate the annual rate of depreciation

Get a free copy of the Zacks research report on Casey’s General Stores (CASY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.