Casey's General Stores Inc (NASDAQ:CASY) – Investment analysts at Jefferies Group dropped their FY2018 earnings per share (EPS) estimates for shares of Casey's General Stores in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Mandeville now expects that the company will earn $3.95 per share for the year, down from their prior estimate of $4.30. Jefferies Group currently has a “Buy” rating and a $136.00 price objective on the stock. Jefferies Group also issued estimates for Casey's General Stores’ Q4 2018 earnings at $0.70 EPS, Q1 2019 earnings at $1.78 EPS, Q2 2019 earnings at $1.64 EPS, Q3 2019 earnings at $0.60 EPS, Q4 2019 earnings at $0.86 EPS, FY2019 earnings at $4.88 EPS, FY2020 earnings at $5.92 EPS, FY2021 earnings at $6.47 EPS and FY2022 earnings at $7.44 EPS.
Casey's General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Wednesday, March 7th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.14). Casey's General Stores had a return on equity of 12.70% and a net margin of 4.03%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the previous year, the business earned $0.58 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis.
Casey's General Stores (NASDAQ CASY) traded down $0.24 during trading on Monday, hitting $111.57. 130,669 shares of the stock traded hands, compared to its average volume of 451,861. The company has a quick ratio of 0.48, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. Casey's General Stores has a 1 year low of $99.76 and a 1 year high of $128.51. The company has a market capitalization of $4,159.00, a P/E ratio of 13.03, a PEG ratio of 2.16 and a beta of 0.58.
A number of large investors have recently modified their holdings of CASY. Carillon Tower Advisers Inc. bought a new position in Casey's General Stores in the fourth quarter worth approximately $48,505,000. Janus Henderson Group PLC raised its stake in Casey's General Stores by 20.4% in the third quarter. Janus Henderson Group PLC now owns 1,825,662 shares of the company’s stock worth $199,819,000 after buying an additional 309,263 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in Casey's General Stores by 73.4% in the third quarter. Fiduciary Management Inc. WI now owns 460,686 shares of the company’s stock worth $50,422,000 after buying an additional 194,935 shares in the last quarter. Bain Capital Public Equity Management LLC bought a new position in Casey's General Stores in the fourth quarter worth approximately $21,801,000. Finally, Fondren Management LP grew its holdings in Casey's General Stores by 208.8% in the fourth quarter. Fondren Management LP now owns 210,000 shares of the company’s stock worth $23,507,000 after purchasing an additional 142,000 shares during the last quarter. 98.04% of the stock is owned by institutional investors.
In other Casey's General Stores news, Director Cara Kay Heiden acquired 4,000 shares of Casey's General Stores stock in a transaction that occurred on Thursday, March 8th. The stock was bought at an average price of $109.77 per share, with a total value of $439,080.00. Following the completion of the purchase, the director now directly owns 5,043 shares of the company’s stock, valued at approximately $553,570.11. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.30% of the company’s stock.
Casey's General Stores declared that its board has initiated a stock buyback program on Wednesday, March 7th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Monday, April 30th. Casey's General Stores’s dividend payout ratio (DPR) is 12.12%.
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Casey's General Stores Company Profile
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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