Casey’s General Stores Inc (NASDAQ:CASY) to Post Q1 2020 Earnings of $1.89 Per Share, Northcoast Research Forecasts

Casey’s General Stores Inc (NASDAQ:CASY) – Equities research analysts at Northcoast Research issued their Q1 2020 earnings per share estimates for Casey’s General Stores in a report released on Thursday, June 13th. Northcoast Research analyst C. Cerankosky expects that the company will post earnings of $1.89 per share for the quarter. Northcoast Research also issued estimates for Casey’s General Stores’ Q2 2020 earnings at $1.85 EPS, Q3 2020 earnings at $1.05 EPS, Q4 2020 earnings at $0.81 EPS and FY2021 earnings at $5.83 EPS.

Several other research firms also recently commented on CASY. Stephens boosted their target price on shares of Casey’s General Stores from $143.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday. Sidoti set a $147.00 target price on shares of Casey’s General Stores and gave the stock a “hold” rating in a report on Tuesday. Jefferies Financial Group boosted their target price on shares of Casey’s General Stores from $151.00 to $167.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays boosted their target price on shares of Casey’s General Stores from $123.00 to $140.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their target price on shares of Casey’s General Stores to $140.00 and gave the stock a “market perform” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $147.10.

Shares of NASDAQ:CASY opened at $152.29 on Friday. Casey’s General Stores has a 1-year low of $98.85 and a 1-year high of $153.54. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.91. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.71 and a beta of 0.45.

Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, June 10th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.27. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in CASY. Enlightenment Research LLC purchased a new stake in Casey’s General Stores during the fourth quarter valued at $26,000. Mckinley Capital Management LLC Delaware purchased a new stake in Casey’s General Stores during the fourth quarter valued at $29,000. FinTrust Capital Advisors LLC purchased a new stake in Casey’s General Stores during the first quarter valued at $29,000. Rockefeller Capital Management L.P. purchased a new stake in Casey’s General Stores during the first quarter valued at $32,000. Finally, Valeo Financial Advisors LLC raised its stake in Casey’s General Stores by 2,500.0% during the first quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after purchasing an additional 300 shares in the last quarter. 90.23% of the stock is currently owned by institutional investors.

In related news, SVP Julia L. Jackowski sold 12,500 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the sale, the senior vice president now owns 32,944 shares of the company’s stock, valued at $4,149,296.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP William J. Walljasper sold 3,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total transaction of $378,150.00. Following the sale, the vice president now directly owns 24,785 shares in the company, valued at approximately $3,124,149.25. The disclosure for this sale can be found here. 0.72% of the stock is owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.32 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.28 dividend on an annualized basis and a yield of 0.84%. Casey’s General Stores’s dividend payout ratio is presently 21.05%.

About Casey’s General Stores

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; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.

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

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