Casey’s General Stores (CASY) Getting Somewhat Positive News Coverage, Report Shows
Media stories about Casey’s General Stores (NASDAQ:CASY) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Casey’s General Stores earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.4226570595493 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research analysts recently issued reports on CASY shares. Royal Bank Of Canada set a $116.00 price target on shares of Casey’s General Stores and gave the company a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research cut shares of Casey’s General Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Jefferies Group LLC reissued a “buy” rating and set a $134.00 price target (down from $139.00) on shares of Casey’s General Stores in a research report on Thursday, August 31st. Finally, BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Casey’s General Stores presently has a consensus rating of “Hold” and an average price target of $115.29.
Casey’s General Stores (NASDAQ:CASY) traded up $1.20 during trading hours on Monday, reaching $119.24. 285,208 shares of the company’s stock were exchanged, compared to its average volume of 490,488. The company has a market cap of $4,470.00, a price-to-earnings ratio of 27.84, a P/E/G ratio of 2.53 and a beta of 0.45. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.48 and a current ratio of 0.99. Casey’s General Stores has a 1-year low of $99.76 and a 1-year high of $126.49.
Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.46. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.16 billion. Casey’s General Stores had a net margin of 2.71% and a return on equity of 19.32%. Casey’s General Stores’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. sell-side analysts anticipate that Casey’s General Stores will post 4.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.26 per share. The ex-dividend date was Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a yield of 0.87%. Casey’s General Stores’s dividend payout ratio is currently 24.53%.
In other Casey’s General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $108.01, for a total transaction of $108,010.00. Following the completion of the sale, the senior vice president now directly owns 8,229 shares in the company, valued at approximately $888,814.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
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About Casey’s General Stores
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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