Casey’s General Stores (NASDAQ:CASY) Issues Earnings Results

Casey’s General Stores (NASDAQ:CASYGet Free Report) announced its earnings results on Tuesday. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.64, Briefing.com reports. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.47 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.49 earnings per share.

Casey’s General Stores Stock Performance

Shares of CASY opened at $376.58 on Friday. The firm has a 50-day moving average price of $325.48 and a 200 day moving average price of $301.13. The firm has a market capitalization of $13.94 billion, a PE ratio of 29.93, a P/E/G ratio of 2.38 and a beta of 0.83. Casey’s General Stores has a 52-week low of $216.95 and a 52-week high of $389.43. The company has a quick ratio of 0.42, a current ratio of 0.89 and a debt-to-equity ratio of 0.54.

Casey’s General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 1st. This represents a $2.00 annualized dividend and a yield of 0.53%. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. Casey’s General Stores’s payout ratio is presently 13.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Casey’s General Stores from $340.00 to $415.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets lifted their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a report on Thursday. Evercore ISI dropped their target price on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Royal Bank of Canada raised their price target on shares of Casey’s General Stores from $322.00 to $361.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Jefferies Financial Group boosted their price objective on shares of Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $380.11.

View Our Latest Stock Analysis on CASY

About Casey’s General Stores

(Get Free Report)

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

Featured Stories

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

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.