Caseys General Stores, Inc. (NASDAQ:CASY) – Investment analysts at Jefferies Group decreased their Q4 2018 earnings per share estimates for shares of Caseys General Stores in a research report issued on Wednesday. Jefferies Group analyst C. Mandeville now forecasts that the company will post earnings of $0.88 per share for the quarter, down from their prior estimate of $0.94. Jefferies Group has a “Buy” rating and a $134.00 price target on the stock. Jefferies Group also issued estimates for Caseys General Stores’ FY2020 earnings at $5.27 EPS and FY2021 earnings at $5.58 EPS.
Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.46. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Jefferies Group Comments on Caseys General Stores, Inc.’s Q4 2018 Earnings (CASY)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/09/17/jefferies-group-comments-on-caseys-general-stores-inc-s-q4-2018-earnings-casy.html.
A number of other analysts also recently commented on CASY. Zacks Investment Research upgraded Caseys General Stores from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $121.00 price objective (down from $123.00) on shares of Caseys General Stores in a report on Monday, May 29th. BMO Capital Markets set a $116.00 price objective on Caseys General Stores and gave the stock a “hold” rating in a report on Wednesday, May 31st. Sidoti downgraded Caseys General Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $118.00 in a report on Tuesday, June 6th. Finally, Barclays PLC dropped their price objective on Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $115.29.
Shares of Caseys General Stores (NASDAQ CASY) opened at 107.19 on Friday. The stock has a 50 day moving average price of $106.19 and a 200-day moving average price of $109.77. Caseys General Stores has a 52 week low of $99.76 and a 52 week high of $126.49. The firm has a market capitalization of $4.13 billion, a PE ratio of 23.93 and a beta of 0.50.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Karp Capital Management Corp acquired a new stake in Caseys General Stores in the 1st quarter valued at $1,785,000. Ameriprise Financial Inc. increased its holdings in Caseys General Stores by 1.7% in the 1st quarter. Ameriprise Financial Inc. now owns 160,221 shares of the company’s stock valued at $17,985,000 after purchasing an additional 2,732 shares in the last quarter. Sei Investments Co. increased its holdings in Caseys General Stores by 3.7% in the 1st quarter. Sei Investments Co. now owns 65,270 shares of the company’s stock valued at $7,327,000 after purchasing an additional 2,309 shares in the last quarter. Pecaut & CO. acquired a new stake in Caseys General Stores in the 2nd quarter valued at $1,706,000. Finally, State Street Corp increased its holdings in Caseys General Stores by 2.3% in the 1st quarter. State Street Corp now owns 1,081,194 shares of the company’s stock valued at $121,356,000 after purchasing an additional 23,935 shares in the last quarter. Hedge funds and other institutional investors own 99.48% of the company’s stock.
In related news, SVP John C. Soupene sold 1,000 shares of the stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $106.52, for a total value of $106,520.00. Following the completion of the sale, the senior vice president now directly owns 1,253 shares in the company, valued at approximately $133,469.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be issued a $0.26 dividend. The ex-dividend date is Tuesday, October 31st. This represents a $1.04 annualized dividend and a yield of 0.97%. Caseys General Stores’s dividend payout ratio is currently 24.53%.
About Caseys General Stores
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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