Casey’s General Stores (NASDAQ:CASY) posted its quarterly earnings data on Monday. The company reported $2.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.03 by $0.28, Briefing.com reports. The firm had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.84%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $1.90 EPS.
Shares of CASY opened at $166.58 on Thursday. Casey’s General Stores has a twelve month low of $116.23 and a twelve month high of $173.31. The firm’s fifty day simple moving average is $167.08 and its 200-day simple moving average is $145.70. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 3.20 and a beta of 0.55. The company has a current ratio of 0.69, a quick ratio of 0.23 and a debt-to-equity ratio of 0.91.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.77%. Casey’s General Stores’s payout ratio is 23.23%.
Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Casey’s General Stores from $140.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, June 14th. BMO Capital Markets raised their price target on shares of Casey’s General Stores to $170.00 and gave the company a “market perform” rating in a research report on Wednesday. Stephens raised their price target on shares of Casey’s General Stores from $181.00 to $197.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Co reissued a “market perform” rating and issued a $165.00 price target (up previously from $145.00) on shares of Casey’s General Stores in a research report on Wednesday. Finally, Deutsche Bank raised their price target on shares of Casey’s General Stores from $166.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Casey’s General Stores currently has a consensus rating of “Hold” and an average price target of $170.30.
In other news, Director H Lynn Horak sold 3,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $154.55, for a total value of $463,650.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brian Joseph Johnson sold 4,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the sale, the senior vice president now owns 14,817 shares in the company, valued at $2,318,564.16. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.
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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