Casey’s General Stores (CASY) to Release Quarterly Earnings on Tuesday

Casey’s General Stores (NASDAQ:CASY) is anticipated to announce its earnings results after the market closes on Tuesday, March 11th. Analysts expect the company to announce earnings of $2.00 per share and revenue of $3.74 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 9th. The company reported $4.85 earnings per share for the quarter, beating the consensus estimate of $4.29 by $0.56. The company had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $4.03 billion. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. Casey’s General Stores’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $4.24 earnings per share. On average, analysts expect Casey’s General Stores to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Casey’s General Stores Stock Up 0.9 %

Shares of CASY stock opened at $398.73 on Friday. The stock has a 50 day moving average of $410.34 and a 200 day moving average of $399.31. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. The stock has a market cap of $14.80 billion, a P/E ratio of 27.79, a P/E/G ratio of 2.40 and a beta of 0.87. Casey’s General Stores has a twelve month low of $290.00 and a twelve month high of $445.17.

Analyst Ratings Changes

Several research analysts recently weighed in on CASY shares. Evercore ISI lifted their price target on Casey’s General Stores from $460.00 to $470.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. BMO Capital Markets reissued a “market perform” rating and issued a $450.00 price objective (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Gordon Haskett raised Casey’s General Stores from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada raised their price objective on Casey’s General Stores from $403.00 to $428.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $424.00.

Insider Transactions at Casey’s General Stores

In other news, Director Mike Spanos purchased 500 shares of the stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of $396.76 per share, with a total value of $198,380.00. Following the completion of the purchase, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Katrina S. Lindsey sold 450 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares in the company, valued at $959,761.11. This trade represents a 16.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.