Q4 2018 Earnings Estimate for Caseys General Stores, Inc. Issued By Jefferies Group (CASY)
Caseys General Stores, Inc. (NASDAQ:CASY) – Equities research analysts at Jefferies Group reduced their Q4 2018 earnings per share estimates for shares of Caseys General Stores in a report issued on Wednesday. Jefferies Group analyst C. Mandeville now forecasts that the company will post earnings of $0.88 per share for the quarter, down from their previous estimate of $0.94. Jefferies Group currently has a “Buy” rating and a $134.00 price target on the stock. Jefferies Group also issued estimates for Caseys General Stores’ FY2020 earnings at $5.27 EPS and FY2021 earnings at $5.58 EPS.
Caseys General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Tuesday, September 5th. The company reported $1.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the firm posted $1.70 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis.
CASY has been the topic of several other research reports. Zacks Investment Research lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Deutsche Bank AG set a $120.00 price target on shares of Caseys General Stores and gave the company a “buy” rating in a report on Tuesday, June 6th. BMO Capital Markets set a $116.00 price target on shares of Caseys General Stores and gave the company a “hold” rating in a report on Wednesday, May 31st. BidaskClub raised shares of Caseys General Stores from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Sidoti lowered shares of Caseys General Stores from a “buy” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $118.00 in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $115.29.
Caseys General Stores (CASY) traded down 1.63% on Friday, hitting $106.42. 284,721 shares of the stock were exchanged. The stock has a market cap of $4.10 billion, a PE ratio of 23.75 and a beta of 0.50. Caseys General Stores has a 1-year low of $99.76 and a 1-year high of $126.49. The company’s 50 day moving average is $106.18 and its 200 day moving average is $109.79.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, October 31st. This represents a $1.04 annualized dividend and a yield of 0.96%. Caseys General Stores’s dividend payout ratio (DPR) is 24.53%.
In related news, SVP Julia L. Jackowski sold 1,000 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $108.09, for a total transaction of $108,090.00. Following the transaction, the senior vice president now owns 21,902 shares in the company, valued at approximately $2,367,387.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas lifted its position in Caseys General Stores by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,126 shares of the company’s stock worth $335,000 after buying an additional 16 shares in the last quarter. Bank of Montreal Can lifted its position in Caseys General Stores by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 5,264 shares of the company’s stock worth $564,000 after buying an additional 18 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Caseys General Stores by 0.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after buying an additional 23 shares in the last quarter. Pacer Advisors Inc. lifted its position in Caseys General Stores by 0.8% during the 2nd quarter. Pacer Advisors Inc. now owns 5,565 shares of the company’s stock worth $596,000 after buying an additional 44 shares in the last quarter. Finally, Wesbanco Bank Inc. lifted its position in Caseys General Stores by 2.9% during the 2nd quarter. Wesbanco Bank Inc. now owns 3,223 shares of the company’s stock worth $345,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 99.48% of the company’s stock.
About Caseys General Stores
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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