Analysts expect that Casey’s General Stores Inc (NASDAQ:CASY) will report earnings per share (EPS) of $0.87 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Casey’s General Stores’ earnings. The lowest EPS estimate is $0.73 and the highest is $1.00. Casey’s General Stores posted earnings of $1.13 per share in the same quarter last year, which would suggest a negative year over year growth rate of 23%. The firm is expected to issue its next quarterly earnings results on Monday, March 9th.
According to Zacks, analysts expect that Casey’s General Stores will report full-year earnings of $6.28 per share for the current fiscal year, with EPS estimates ranging from $6.12 to $6.41. For the next financial year, analysts expect that the company will post earnings of $6.86 per share, with EPS estimates ranging from $6.65 to $7.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Casey’s General Stores.
Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, December 9th. The company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.15 by $0.06. Casey’s General Stores had a net margin of 2.51% and a return on equity of 16.06%. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the business posted $1.80 EPS. The firm’s revenue was down 2.0% on a year-over-year basis.
NASDAQ CASY opened at $173.82 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.36 and a debt-to-equity ratio of 0.46. Casey’s General Stores has a 52 week low of $122.86 and a 52 week high of $179.21. The stock has a market capitalization of $6.26 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.51. The firm has a 50 day moving average of $164.33 and a two-hundred day moving average of $165.90.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.28 annualized dividend and a dividend yield of 0.74%. Casey’s General Stores’s dividend payout ratio is presently 23.23%.
Large investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Casey’s General Stores in the 4th quarter valued at $13,222,000. AQR Capital Management LLC increased its stake in Casey’s General Stores by 10.0% in the 4th quarter. AQR Capital Management LLC now owns 433,149 shares of the company’s stock valued at $68,866,000 after buying an additional 39,524 shares during the period. Blueshift Asset Management LLC increased its stake in Casey’s General Stores by 96.1% in the 4th quarter. Blueshift Asset Management LLC now owns 7,784 shares of the company’s stock valued at $1,238,000 after buying an additional 3,814 shares during the period. Schonfeld Strategic Advisors LLC increased its stake in Casey’s General Stores by 167.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 20,354 shares of the company’s stock valued at $3,235,000 after buying an additional 12,754 shares during the period. Finally, Ellington Management Group LLC acquired a new position in Casey’s General Stores in the 4th quarter valued at $366,000. Institutional investors and hedge funds own 86.02% of the company’s stock.
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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