Caseys General Stores, Inc. (NASDAQ:CASY) – Jefferies Group decreased their Q3 2018 earnings per share (EPS) estimates for shares of Caseys General Stores in a report released on Wednesday. Jefferies Group analyst C. Mandeville now anticipates that the company will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.54. Jefferies Group has a “Buy” rating and a $134.00 price objective on the stock. Jefferies Group also issued estimates for Caseys General Stores’ FY2018 earnings at $4.08 EPS, Q1 2019 earnings at $1.59 EPS, Q2 2019 earnings at $1.38 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.80 EPS, FY2019 earnings at $4.35 EPS, FY2020 earnings at $5.10 EPS, FY2021 earnings at $5.41 EPS and FY2022 earnings at $6.14 EPS.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 11th. The company reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.12). Caseys General Stores had a net margin of 2.02% and a return on equity of 13.42%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year.

Other equities research analysts have also issued reports about the company. Barclays restated a “hold” rating on shares of Caseys General Stores in a research report on Friday. Raymond James Financial lowered Caseys General Stores from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday. Royal Bank of Canada set a $116.00 price target on Caseys General Stores and gave the company a “hold” rating in a research report on Monday, August 28th. Finally, Zacks Investment Research lowered Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $115.29.

Caseys General Stores (NASDAQ:CASY) traded up $1.44 during midday trading on Friday, hitting $106.23. The company had a trading volume of 949,184 shares, compared to its average volume of 609,486. The company has a quick ratio of 0.48, a current ratio of 1.23 and a debt-to-equity ratio of 1.13. Caseys General Stores has a one year low of $99.76 and a one year high of $126.49. The company has a market capitalization of $3,934.58, a price-to-earnings ratio of 25.68, a PEG ratio of 2.30 and a beta of 0.46.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, January 31st. Caseys General Stores’s dividend payout ratio (DPR) is 25.49%.

In other Caseys General Stores news, SVP Brian Joseph Johnson sold 1,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the sale, the senior vice president now directly owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CASY. Clear Perspective Advisors LLC boosted its holdings in Caseys General Stores by 8.9% in the second quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after acquiring an additional 100 shares in the last quarter. Zions Bancorporation bought a new stake in Caseys General Stores in the third quarter worth $164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Caseys General Stores by 46.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after acquiring an additional 566 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Caseys General Stores in the third quarter worth $264,000. Finally, Neuberger Berman Group LLC boosted its holdings in Caseys General Stores by 0.9% in the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after acquiring an additional 23 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Caseys General Stores (NASDAQ:CASY)

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