Analysts predict that Casey’s General Stores Inc (NASDAQ:CASY) will announce sales of $2.51 billion for the current quarter, according to Zacks. Four analysts have made estimates for Casey’s General Stores’ earnings. The lowest sales estimate is $2.45 billion and the highest is $2.60 billion. Casey’s General Stores posted sales of $2.15 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The firm is expected to issue its next quarterly earnings results on Monday, December 10th.
According to Zacks, analysts expect that Casey’s General Stores will report full-year sales of $9.81 billion for the current financial year, with estimates ranging from $9.66 billion to $9.95 billion. For the next financial year, analysts anticipate that the company will post sales of $10.77 billion, with estimates ranging from $10.54 billion to $11.17 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Casey’s General Stores.
Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 10th. The company reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.23. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. The business had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the prior year, the company posted $1.46 EPS. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year.
NASDAQ CASY traded down $2.45 during trading on Friday, hitting $122.02. The company had a trading volume of 392,811 shares, compared to its average volume of 348,657. The company has a current ratio of 0.77, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Casey’s General Stores has a one year low of $90.42 and a one year high of $130.74. The firm has a market capitalization of $4.56 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 3.15 and a beta of 0.49.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.16 annualized dividend and a yield of 0.95%. Casey’s General Stores’s dividend payout ratio (DPR) is presently 30.45%.
In related news, SVP Brian Joseph Johnson sold 1,500 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $127.43, for a total value of $191,145.00. Following the completion of the transaction, the senior vice president now directly owns 10,471 shares in the company, valued at approximately $1,334,319.53. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Kwmg LLC bought a new position in shares of Casey’s General Stores in the 2nd quarter worth about $106,000. Cerebellum GP LLC bought a new position in shares of Casey’s General Stores in the 2nd quarter worth about $142,000. Crossmark Global Holdings Inc. bought a new position in shares of Casey’s General Stores in the 2nd quarter worth about $204,000. Northwest Wealth Management LLC increased its stake in shares of Casey’s General Stores by 43.5% in the 3rd quarter. Northwest Wealth Management LLC now owns 1,650 shares of the company’s stock worth $213,000 after acquiring an additional 500 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Casey’s General Stores in the 3rd quarter worth about $310,000. Institutional investors own 96.07% of the company’s stock.
Casey’s General Stores Company Profile
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.
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