Casey’s General Stores (NASDAQ:CASY) is set to announce its earnings results after the market closes on Monday, December 9th. Analysts expect the company to announce earnings of $2.10 per share for the quarter.
Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, September 9th. The company reported $2.31 EPS for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.28. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. Casey’s General Stores had a return on equity of 15.55% and a net margin of 2.34%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.90 earnings per share. On average, analysts expect Casey’s General Stores to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of NASDAQ:CASY traded up $1.23 during midday trading on Friday, reaching $174.89. The company’s stock had a trading volume of 2,442 shares, compared to its average volume of 316,465. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 3.03 and a beta of 0.52. The company has a quick ratio of 0.29, a current ratio of 0.76 and a debt-to-equity ratio of 0.88. Casey’s General Stores has a 1 year low of $116.23 and a 1 year high of $177.19. The business has a 50 day moving average price of $169.72 and a 200 day moving average price of $160.77.
In related news, Director Allison M. Wing sold 554 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $165.91, for a total value of $91,914.14. Following the transaction, the director now owns 998 shares in the company, valued at $165,578.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.
A number of research firms have issued reports on CASY. ValuEngine downgraded Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Barclays boosted their price target on Casey’s General Stores from $140.00 to $170.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 11th. Stephens boosted their price target on Casey’s General Stores from $181.00 to $197.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Jefferies Financial Group set a $192.00 price target on Casey’s General Stores and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Co boosted their price target on Casey’s General Stores from $145.00 to $165.00 and gave the company a “market perform” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $172.80.
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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