Brokerages Expect Casey’s General Stores, Inc. (NASDAQ:CASY) to Announce $0.67 Earnings Per Share

Wall Street analysts expect Casey’s General Stores, Inc. (NASDAQ:CASY) to announce earnings of $0.67 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Casey’s General Stores’ earnings. The lowest EPS estimate is $0.60 and the highest is $0.76. Casey’s General Stores reported earnings per share of $1.67 during the same quarter last year, which would suggest a negative year-over-year growth rate of 59.9%. The company is expected to issue its next earnings results on Monday, June 14th.

According to Zacks, analysts expect that Casey’s General Stores will report full-year earnings of $7.96 per share for the current financial year, with EPS estimates ranging from $7.87 to $8.10. For the next financial year, analysts expect that the company will post earnings of $7.89 per share, with EPS estimates ranging from $7.25 to $8.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Casey’s General Stores.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Sunday, March 7th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.99 billion. Casey’s General Stores had a net margin of 3.92% and a return on equity of 19.21%.

Several analysts have recently issued reports on CASY shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Casey’s General Stores from $220.00 to $217.00 in a research note on Wednesday, March 10th. BMO Capital Markets raised their target price on shares of Casey’s General Stores from $170.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, December 9th. Finally, Raymond James cut shares of Casey’s General Stores from an “outperform” rating to a “market perform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $208.10.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearbridge Investments LLC grew its holdings in shares of Casey’s General Stores by 4.1% in the 4th quarter. Clearbridge Investments LLC now owns 1,292,727 shares of the company’s stock worth $230,907,000 after acquiring an additional 50,914 shares during the period. Janus Henderson Group PLC raised its position in Casey’s General Stores by 1.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,190,101 shares of the company’s stock valued at $212,576,000 after purchasing an additional 21,388 shares during the period. Brown Advisory Inc. grew its stake in shares of Casey’s General Stores by 37.8% during the fourth quarter. Brown Advisory Inc. now owns 731,505 shares of the company’s stock valued at $130,663,000 after acquiring an additional 200,640 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Casey’s General Stores by 30.5% during the fourth quarter. JPMorgan Chase & Co. now owns 687,144 shares of the company’s stock valued at $122,739,000 after acquiring an additional 160,576 shares in the last quarter. Finally, Vontobel Asset Management Inc. grew its stake in Casey’s General Stores by 31.3% in the fourth quarter. Vontobel Asset Management Inc. now owns 658,964 shares of the company’s stock worth $126,700,000 after purchasing an additional 157,208 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.

Shares of NASDAQ CASY opened at $215.48 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.85 and a current ratio of 1.30. Casey’s General Stores has a 52-week low of $135.73 and a 52-week high of $221.29. The company’s 50 day moving average price is $208.22 and its 200-day moving average price is $190.09. The company has a market capitalization of $7.96 billion, a P/E ratio of 24.43 and a beta of 0.88.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 17th. Stockholders of record on Monday, May 3rd will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, April 30th. Casey’s General Stores’s payout ratio is currently 19.15%.

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; beverages, tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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Earnings History and Estimates for Casey`s General Stores (NASDAQ:CASY)

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