Casey’s General Stores Inc (NASDAQ:CASY) – Equities researchers at Jefferies Financial Group issued their Q1 2021 earnings per share estimates for shares of Casey’s General Stores in a research note issued on Tuesday, June 11th. Jefferies Financial Group analyst C. Mandeville expects that the company will earn $2.04 per share for the quarter. Jefferies Financial Group has a “Buy” rating and a $167.00 price objective on the stock. Jefferies Financial Group also issued estimates for Casey’s General Stores’ Q2 2021 earnings at $2.41 EPS.
Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Monday, June 10th. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.27. The business had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.13 billion. Casey’s General Stores had a net margin of 2.18% and a return on equity of 14.95%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share.
Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Barclays lifted their target price on shares of Casey’s General Stores from $123.00 to $140.00 and gave the company an “equal weight” rating in a report on Wednesday. Stephens lifted their target price on shares of Casey’s General Stores from $143.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday. BMO Capital Markets lifted their target price on shares of Casey’s General Stores to $140.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. began coverage on shares of Casey’s General Stores in a report on Thursday, April 25th. They issued a “neutral” rating and a $140.00 target price on the stock. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $147.10.
Shares of NASDAQ:CASY opened at $152.29 on Friday. The stock has a market capitalization of $5.49 billion, a PE ratio of 27.64, a PEG ratio of 2.71 and a beta of 0.45. The company has a current ratio of 0.69, a quick ratio of 0.22 and a debt-to-equity ratio of 0.91. Casey’s General Stores has a fifty-two week low of $98.85 and a fifty-two week high of $153.54.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.32 dividend. This is a boost 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 annualized dividend and a dividend yield of 0.84%. Casey’s General Stores’s dividend payout ratio (DPR) is 21.05%.
In other Casey’s General Stores news, VP William J. Walljasper sold 3,000 shares of Casey’s General Stores stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.05, for a total transaction of $378,150.00. Following the completion of the transaction, the vice president now owns 24,785 shares in the company, valued at $3,124,149.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Julia L. Jackowski sold 12,500 shares of Casey’s General Stores stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $125.95, for a total transaction of $1,574,375.00. Following the transaction, the senior vice president now owns 32,944 shares of the company’s stock, valued at approximately $4,149,296.80. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Enlightenment Research LLC acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $26,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at approximately $29,000. FinTrust Capital Advisors LLC acquired a new position in shares of Casey’s General Stores in the first quarter valued at approximately $29,000. Rockefeller Capital Management L.P. acquired a new position in shares of Casey’s General Stores in the first quarter valued at approximately $32,000. Finally, Valeo Financial Advisors LLC raised its position in shares of Casey’s General Stores by 2,500.0% in the first quarter. Valeo Financial Advisors LLC now owns 312 shares of the company’s stock valued at $40,000 after buying an additional 300 shares during the last quarter. Institutional investors own 90.23% of the company’s stock.
Casey’s General Stores Company Profile
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.
Featured Story: Cash Asset Ratio
Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.