Casey’s General Stores (NASDAQ:CASY) issued its quarterly earnings data on Tuesday. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.24, Briefing.com reports. Casey’s General Stores had a return on equity of 18.65% and a net margin of 4.09%. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the business earned $1.67 EPS. The business’s revenue was up 31.2% on a year-over-year basis.
Shares of CASY opened at $214.76 on Wednesday. The business has a 50-day moving average price of $220.38. Casey’s General Stores has a fifty-two week low of $142.34 and a fifty-two week high of $229.18. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 24.00 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 0.81 and a debt-to-equity ratio of 0.72.
Several equities analysts have weighed in on the company. Raymond James restated a “market perform” rating on shares of Casey’s General Stores in a research note on Tuesday, April 13th. Deutsche Bank Aktiengesellschaft decreased their target price on Casey’s General Stores from $220.00 to $217.00 in a research report on Wednesday, March 10th. Finally, Stephens raised their target price on Casey’s General Stores from $215.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, June 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Casey’s General Stores presently has a consensus rating of “Hold” and a consensus price target of $212.10.
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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