Q3 2018 Earnings Estimate for Caseys General Stores, Inc. (CASY) Issued By William Blair
Caseys General Stores, Inc. (NASDAQ:CASY) – Research analysts at William Blair dropped their Q3 2018 earnings estimates for shares of Caseys General Stores in a report issued on Wednesday. William Blair analyst R. Domyancic now anticipates that the company will post earnings per share of $0.55 for the quarter, down from their prior forecast of $0.57. William Blair also issued estimates for Caseys General Stores’ Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $4.15 EPS and FY2019 earnings at $4.41 EPS.
Several other brokerages also recently issued reports on CASY. Royal Bank of Canada reaffirmed a “hold” rating on shares of Caseys General Stores in a report on Friday, December 8th. Zacks Investment Research downgraded shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Raymond James Financial reissued a “market perform” rating on shares of Caseys General Stores in a research note on Wednesday, December 6th. Jefferies Group reissued a “buy” rating and set a $134.00 price objective (down previously from $139.00) on shares of Caseys General Stores in a research note on Thursday, August 31st. Finally, BidaskClub downgraded shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Caseys General Stores presently has a consensus rating of “Hold” and an average target price of $115.29.
Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.12). Caseys General Stores had a net margin of 2.02% and a return on equity of 13.42%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, January 31st. Caseys General Stores’s dividend payout ratio (DPR) is 25.49%.
In related news, SVP Brian Joseph Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $108.01, for a total transaction of $108,010.00. Following the completion of the transaction, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.
A number of hedge funds have recently modified their holdings of CASY. Janus Henderson Group PLC acquired a new stake in shares of Caseys General Stores in the second quarter worth $162,421,000. Balyasny Asset Management LLC increased its position in shares of Caseys General Stores by 16,548.9% in the second quarter. Balyasny Asset Management LLC now owns 602,023 shares of the company’s stock worth $64,483,000 after acquiring an additional 598,407 shares in the last quarter. Fiduciary Management Inc. WI increased its position in shares of Caseys General Stores by 73.4% in the third quarter. Fiduciary Management Inc. WI now owns 460,686 shares of the company’s stock worth $50,422,000 after acquiring an additional 194,935 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Caseys General Stores by 15.9% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,268,134 shares of the company’s stock worth $135,830,000 after acquiring an additional 173,544 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Caseys General Stores by 789.6% in the third quarter. First Trust Advisors LP now owns 160,032 shares of the company’s stock worth $17,516,000 after acquiring an additional 142,043 shares in the last quarter. 97.20% of the stock is owned by hedge funds and other institutional investors.
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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