Brokerages Anticipate Casey’s General Stores Inc (CASY) Will Announce Quarterly Sales of $2.51 Billion
Equities research analysts predict that Casey’s General Stores Inc (NASDAQ:CASY) will post $2.51 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Casey’s General Stores’ earnings, with the lowest sales estimate coming in at $2.45 billion and the highest estimate coming in at $2.60 billion. Casey’s General Stores posted sales of $2.15 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 16.7%. The company is scheduled to announce its next quarterly earnings results on Monday, December 10th.
On average, analysts expect that Casey’s General Stores will report full year sales of $9.81 billion for the current year, with estimates ranging from $9.66 billion to $9.95 billion. For the next financial year, analysts anticipate that the company will report sales of $10.77 billion, with estimates ranging from $10.54 billion to $11.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Casey’s General Stores.
Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Monday, September 10th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.67 by $0.23. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.57 billion. Casey’s General Stores had a net margin of 3.73% and a return on equity of 12.38%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS.
Shares of CASY stock traded down $1.69 during trading hours on Wednesday, hitting $126.75. The company’s stock had a trading volume of 209,600 shares, compared to its average volume of 439,270. The company has a market capitalization of $4.70 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 3.25 and a beta of 0.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.77 and a quick ratio of 0.27. Casey’s General Stores has a 12-month low of $90.42 and a 12-month high of $133.07.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, October 31st. Casey’s General Stores’s dividend payout ratio is currently 30.45%.
In related news, SVP Brian Joseph Johnson sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $127.43, for a total value of $191,145.00. Following the completion of the transaction, the senior vice president now directly owns 10,471 shares in the company, valued at approximately $1,334,319.53. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kwmg LLC acquired a new position in shares of Casey’s General Stores in the 2nd quarter valued at $106,000. Parallel Advisors LLC acquired a new position in Casey’s General Stores during the third quarter worth $139,000. Ibex Investors LLC acquired a new position in Casey’s General Stores during the third quarter worth $206,000. Northwest Wealth Management LLC raised its position in Casey’s General Stores by 43.5% during the third quarter. Northwest Wealth Management LLC now owns 1,650 shares of the company’s stock worth $213,000 after acquiring an additional 500 shares during the period. Finally, MML Investors Services LLC acquired a new position in Casey’s General Stores during the third quarter worth $215,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.
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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