Caseys General Stores, Inc. (NASDAQ:CASY) – Jefferies Group cut their Q4 2018 earnings per share estimates for shares of Caseys General Stores in a research note issued to investors on Wednesday. Jefferies Group analyst C. Mandeville now expects that the company will post earnings of $0.79 per share for the quarter, down from their previous forecast of $0.91. Jefferies Group currently has a “Buy” rating and a $134.00 price objective on the stock.

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

CASY has been the topic of several other reports. Zacks Investment Research raised Caseys General Stores from a “sell” rating to a “hold” rating in a report on Thursday, September 7th. Raymond James Financial reissued a “market perform” rating on shares of Caseys General Stores in a report on Wednesday, December 6th. Royal Bank of Canada reissued a “hold” rating on shares of Caseys General Stores in a report on Friday, December 8th. Finally, Barclays reissued a “hold” rating on shares of Caseys General Stores in a report on Friday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Caseys General Stores currently has an average rating of “Hold” and an average price target of $115.29.

Caseys General Stores (NASDAQ CASY) traded up $1.44 during midday trading on Monday, hitting $106.23. The stock had a trading volume of 1,000,600 shares, compared to its average volume of 505,417. The company has a market cap of $3,988.62, a PE ratio of 26.04, a price-to-earnings-growth ratio of 2.33 and a beta of 0.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.23 and a quick ratio of 0.48. Caseys General Stores has a 12-month low of $99.76 and a 12-month high of $126.49.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Caseys General Stores by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 3,489,016 shares of the company’s stock worth $373,709,000 after purchasing an additional 48,059 shares in the last quarter. Janus Henderson Group PLC increased its stake in Caseys General Stores by 20.4% in the 3rd quarter. Janus Henderson Group PLC now owns 1,825,662 shares of the company’s stock worth $199,819,000 after buying an additional 309,263 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in Caseys General Stores by 9.2% in the 2nd quarter. Iridian Asset Management LLC CT now owns 1,553,345 shares of the company’s stock worth $166,379,000 after buying an additional 131,245 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in Caseys General Stores by 5.0% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,331,457 shares of the company’s stock worth $145,728,000 after buying an additional 63,323 shares in the last quarter. Finally, State Street Corp increased its stake in Caseys General Stores by 0.7% in the 2nd quarter. State Street Corp now owns 1,088,458 shares of the company’s stock worth $116,577,000 after buying an additional 7,264 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company’s stock.

In other news, SVP Brian Joseph Johnson sold 1,000 shares of the company’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 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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

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

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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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