Analysts expect Casey’s General Stores Inc (NASDAQ:CASY) to report sales of $2.12 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Casey’s General Stores’ earnings, with estimates ranging from $1.98 billion to $2.26 billion. Casey’s General Stores reported sales of $2.63 billion in the same quarter last year, which indicates a negative year over year growth rate of 19.4%. The company is expected to report its next earnings report on Monday, September 14th.
According to Zacks, analysts expect that Casey’s General Stores will report full-year sales of $8.70 billion for the current year, with estimates ranging from $8.18 billion to $9.24 billion. For the next financial year, analysts expect that the firm will report sales of $9.80 billion, with estimates ranging from $8.94 billion to $10.42 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Casey’s General Stores.
Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, June 8th. The company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.12). Casey’s General Stores had a net margin of 2.88% and a return on equity of 16.80%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was down 16.8% compared to the same quarter last year.
A number of institutional investors have recently added to or reduced their stakes in the business. Chevy Chase Trust Holdings Inc. acquired a new position in shares of Casey’s General Stores during the fourth quarter worth $29,000. Exchange Traded Concepts LLC bought a new stake in Casey’s General Stores in the first quarter valued at $31,000. Signaturefd LLC increased its position in shares of Casey’s General Stores by 72.5% during the first quarter. Signaturefd LLC now owns 264 shares of the company’s stock worth $35,000 after acquiring an additional 111 shares in the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of Casey’s General Stores during the fourth quarter worth about $48,000. Finally, Sowell Financial Services LLC increased its position in shares of Casey’s General Stores by 58.0% during the first quarter. Sowell Financial Services LLC now owns 482 shares of the company’s stock worth $64,000 after acquiring an additional 177 shares in the last quarter. 87.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:CASY opened at $148.39 on Wednesday. The firm has a market capitalization of $5.50 billion, a PE ratio of 20.90, a P/E/G ratio of 2.99 and a beta of 0.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.36 and a quick ratio of 0.14. The business has a 50-day moving average of $153.96 and a two-hundred day moving average of $156.67. Casey’s General Stores has a 12 month low of $114.01 and a 12 month high of $181.99.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 3rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.28 annualized dividend and a yield of 0.86%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 18.03%.
Casey’s General Stores Company Profile
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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