Caseys General Stores, Inc. (NASDAQ:CASY) – Northcoast Research decreased their Q2 2018 EPS estimates for shares of Caseys General Stores in a research note issued to investors on Friday. Northcoast Research analyst C. Cerankosky now expects that the company will post earnings per share of $1.42 for the quarter, down from their previous estimate of $1.50. Northcoast Research also issued estimates for Caseys General Stores’ Q3 2018 earnings at $0.67 EPS, Q4 2018 earnings at $0.85 EPS, FY2018 earnings at $4.40 EPS and FY2019 earnings at $4.80 EPS.
Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, September 5th. The company reported $1.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.46. Caseys General Stores had a net margin of 2.19% and a return on equity of 13.99%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the business earned $1.70 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. WARNING: “Caseys General Stores, Inc. to Post Q2 2018 Earnings of $1.42 Per Share, Northcoast Research Forecasts (CASY)” was first reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.thestockobserver.com/2017/09/12/caseys-general-stores-inc-to-post-q2-2018-earnings-of-1-42-per-share-northcoast-research-forecasts-casy.html.
A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Jefferies Group LLC set a $139.00 price objective on shares of Caseys General Stores and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Sidoti lowered shares of Caseys General Stores from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $130.00 to $118.00 in a research note on Tuesday, June 6th. William Blair started coverage on shares of Caseys General Stores in a research note on Wednesday, July 12th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada set a $116.00 price objective on shares of Caseys General Stores and gave the stock a “hold” rating in a research note on Monday, August 28th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $115.29.
Shares of Caseys General Stores (NASDAQ:CASY) traded up 0.03% on Monday, reaching $106.12. 106,763 shares of the company’s stock traded hands. The stock has a 50-day moving average of $106.18 and a 200 day moving average of $109.60. Caseys General Stores has a 12-month low of $99.76 and a 12-month high of $126.49. The firm has a market cap of $4.09 billion, a P/E ratio of 23.69 and a beta of 0.50.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. Caseys General Stores’s dividend payout ratio (DPR) is currently 24.53%.
In other news, SVP John C. Soupene sold 1,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $106.52, for a total transaction of $106,520.00. Following the transaction, the senior vice president now owns 1,253 shares in the company, valued at $133,469.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Clear Perspective Advisors LLC increased its holdings in shares of Caseys General Stores by 8.9% during the second quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock valued at $131,000 after acquiring an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Caseys General Stores by 46.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock valued at $191,000 after acquiring an additional 566 shares in the last quarter. Engine Capital Management LLC increased its holdings in shares of Caseys General Stores by 740.3% during the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock valued at $225,000 after acquiring an additional 1,762 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Caseys General Stores during the first quarter valued at about $233,000. Finally, Neuberger Berman Group LLC increased its holdings in shares of Caseys General Stores by 0.9% during the second quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock valued at $265,000 after acquiring an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 99.48% of the company’s stock.
Caseys 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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