Casey’s General Stores (NASDAQ:CASY) Posts Quarterly Earnings Results, Beats Expectations By $0.28 EPS

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Casey’s General Stores (NASDAQ:CASY) released its quarterly earnings results on Monday. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.28, Briefing.com reports. Casey’s General Stores had a net margin of 2.34% and a return on equity of 15.84%. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the previous year, the company earned $1.90 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year.

Shares of Casey’s General Stores stock opened at $169.96 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.69 and a debt-to-equity ratio of 0.91. The company has a market cap of $6.15 billion, a PE ratio of 30.85, a P/E/G ratio of 3.20 and a beta of 0.55. The business has a 50 day moving average of $167.00 and a 200 day moving average of $145.54. Casey’s General Stores has a 52 week low of $116.23 and a 52 week high of $173.31.

In related news, Director H Lynn Horak sold 3,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $154.55, for a total value of $463,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brian Joseph Johnson sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was 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 of the company’s stock, valued at $2,318,564.16. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

A number of brokerages recently commented on CASY. BMO Capital Markets lifted their price target on Casey’s General Stores to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, June 12th. Gabelli lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Sidoti boosted their price objective on Casey’s General Stores from $147.00 to $166.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Zacks Investment Research lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, Royal Bank of Canada lowered shares of Casey’s General Stores from a “sector perform” rating to an “underperform” rating and upped their price target for the company from $144.00 to $158.00 in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $161.10.

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.

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

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