Casey’s General Stores Inc (NASDAQ:CASY) – Northcoast Research reduced their Q3 2020 earnings estimates for Casey’s General Stores in a research note issued on Wednesday, December 18th, according to Zacks Investment Research. Northcoast Research analyst C. Cerankosky now expects that the company will earn $1.00 per share for the quarter, down from their previous forecast of $1.10. Northcoast Research also issued estimates for Casey’s General Stores’ Q4 2020 earnings at $0.89 EPS and FY2021 earnings at $6.90 EPS.
Several other research analysts also recently issued reports on CASY. BMO Capital Markets lowered their price objective on Casey’s General Stores from $170.00 to $165.00 and set a “market perform” rating for the company in a research note on Wednesday, December 11th. Sidoti increased their target price on shares of Casey’s General Stores from $166.00 to $174.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. BidaskClub raised shares of Casey’s General Stores from a “sell” rating to a “hold” rating in a research report on Wednesday, December 25th. Finally, ValuEngine downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $172.30.
Shares of Casey’s General Stores stock traded up $3.80 on Friday, hitting $168.01. The stock had a trading volume of 336,585 shares, compared to its average volume of 295,088. The stock has a 50 day moving average of $164.43 and a 200 day moving average of $164.69. Casey’s General Stores has a twelve month low of $122.86 and a twelve month high of $179.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.11 and a current ratio of 0.36. The firm has a market capitalization of $6.04 billion, a P/E ratio of 30.49, a PEG ratio of 2.86 and a beta of 0.50.
Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Monday, December 9th. The company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.06. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.53 billion. Casey’s General Stores had a net margin of 2.51% and a return on equity of 16.06%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.80 earnings per share.
Large investors have recently modified their holdings of the business. LS Investment Advisors LLC increased its position in shares of Casey’s General Stores by 8.6% during the 3rd quarter. LS Investment Advisors LLC now owns 806 shares of the company’s stock valued at $130,000 after purchasing an additional 64 shares during the last quarter. MML Investors Services LLC increased its holdings in Casey’s General Stores by 2.5% in the 2nd quarter. MML Investors Services LLC now owns 2,795 shares of the company’s stock worth $436,000 after acquiring an additional 69 shares during the last quarter. TrinityPoint Wealth LLC increased its holdings in Casey’s General Stores by 4.5% in the 2nd quarter. TrinityPoint Wealth LLC now owns 1,848 shares of the company’s stock worth $301,000 after acquiring an additional 80 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Casey’s General Stores by 9.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 976 shares of the company’s stock worth $157,000 after acquiring an additional 83 shares during the last quarter. Finally, Commerce Bank increased its holdings in Casey’s General Stores by 1.5% in the 2nd quarter. Commerce Bank now owns 6,052 shares of the company’s stock worth $944,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 17th. Shareholders of record on Monday, February 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, January 31st. Casey’s General Stores’s dividend payout ratio (DPR) is presently 23.23%.
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.
