Q2 2018 EPS Estimates for Caseys General Stores, Inc. Lowered by William Blair (CASY)
Caseys General Stores, Inc. (NASDAQ:CASY) – Equities researchers at William Blair dropped their Q2 2018 earnings per share estimates for Caseys General Stores in a research note issued on Thursday. William Blair analyst R. Domyancic now forecasts that the company will post earnings per share of $1.37 for the quarter, down from their previous estimate of $1.39. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Caseys General Stores’ FY2018 earnings at $4.19 EPS.
Several other research firms have also issued reports on CASY. Deutsche Bank AG set a $120.00 price objective on shares of Caseys General Stores and gave the company a “buy” rating in a research note on Tuesday, June 6th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Caseys General Stores in a research note on Thursday, April 27th. They issued a “neutral” rating and a $109.00 price objective for the company. BMO Capital Markets set a $110.00 price objective on shares of Caseys General Stores and gave the company a “market perform” rating in a research note on Wednesday, June 7th. Zacks Investment Research raised shares of Caseys General Stores from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Royal Bank Of Canada reduced their price objective on shares of Caseys General Stores from $121.00 to $118.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $120.50.
Shares of Caseys General Stores (NASDAQ:CASY) opened at 106.71 on Monday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 23.82 and a beta of 0.49. Caseys General Stores has a one year low of $101.89 and a one year high of $136.22. The company has a 50-day moving average price of $107.22 and a 200 day moving average price of $112.30.
Caseys General Stores (NASDAQ:CASY) last released its earnings results on Monday, June 5th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $1.19 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC boosted its position in Caseys General Stores by 3.9% in the second quarter. Copeland Capital Management LLC now owns 231,041 shares of the company’s stock valued at $24,746,000 after buying an additional 8,768 shares during the last quarter. Skylands Capital LLC increased its stake in Caseys General Stores by 16.7% in the second quarter. Skylands Capital LLC now owns 17,500 shares of the company’s stock worth $1,874,000 after buying an additional 2,500 shares during the last quarter. US Bancorp DE increased its stake in Caseys General Stores by 2.3% in the second quarter. US Bancorp DE now owns 4,773 shares of the company’s stock worth $512,000 after buying an additional 107 shares during the last quarter. Reilly Financial Advisors LLC increased its stake in Caseys General Stores by 7.0% in the second quarter. Reilly Financial Advisors LLC now owns 73,154 shares of the company’s stock worth $7,836,000 after buying an additional 4,756 shares during the last quarter. Finally, State Treasurer State of Michigan increased its stake in Caseys General Stores by 1.9% in the second quarter. State Treasurer State of Michigan now owns 16,200 shares of the company’s stock worth $1,735,000 after buying an additional 300 shares during the last quarter. Institutional investors own 96.68% of the company’s stock.
In other news, SVP John C. Soupene sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total value of $106,520.00. Following the transaction, the senior vice president now owns 1,253 shares in the company, valued at $133,469.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.97%. This is a positive change from Caseys General Stores’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, July 28th. Caseys General Stores’s dividend payout ratio (DPR) is 21.43%.
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.
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