Caseys General Stores (CASY) to Release Quarterly Earnings on Tuesday
Caseys General Stores (NASDAQ:CASY) is set to announce its earnings results after the market closes on Tuesday, December 5th. Analysts expect the company to announce earnings of $1.40 per share for the quarter.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, hitting analysts’ consensus estimates of $1.46. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. Caseys General Stores’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. On average, analysts expect Caseys General Stores to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of Caseys General Stores (CASY) opened at $120.52 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.99 and a debt-to-equity ratio of 0.91. The company has a market cap of $4,567.35, a P/E ratio of 28.42, a P/E/G ratio of 2.58 and a beta of 0.45. Caseys General Stores has a 1-year low of $99.76 and a 1-year high of $126.49.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.04 dividend on an annualized basis and a yield of 0.86%. Caseys General Stores’s dividend payout ratio is 24.53%.
A number of research firms have recently commented on CASY. Royal Bank Of Canada set a $118.00 price target on shares of Caseys General Stores and gave the company a “hold” rating in a research report on Sunday, August 13th. BidaskClub lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded shares of Caseys General Stores from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Jefferies Group set a $139.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Caseys General Stores presently has an average rating of “Hold” and a consensus price target of $115.29.
In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total value of $108,010.00. Following the transaction, the senior vice president now directly owns 8,229 shares in the company, valued at $888,814.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.
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Caseys General Stores Company Profile
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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