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

ByKristen Amber

May 31, 2022 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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Casey’s General Stores (NASDAQ:CASYGet Rating) is set to announce its earnings results after the market closes on Tuesday, June 7th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Casey’s General Stores (NASDAQ:CASYGet Rating) last posted its quarterly earnings data on Tuesday, March 8th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.26. Casey’s General Stores had a return on equity of 15.56% and a net margin of 2.71%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business’s revenue was up 51.8% on a year-over-year basis. On average, analysts expect Casey’s General Stores to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

CASY stock opened at $209.98 on Tuesday. The stock’s fifty day simple moving average is $203.89 and its two-hundred day simple moving average is $194.80. The company has a current ratio of 0.84, a quick ratio of 0.39 and a debt-to-equity ratio of 0.81. Casey’s General Stores has a 1-year low of $170.82 and a 1-year high of $221.69. The stock has a market cap of $7.79 billion, a P/E ratio of 24.39 and a beta of 0.77.

The company also recently announced a quarterly dividend, which was paid on Monday, May 16th. Shareholders of record on Monday, May 2nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, April 29th. This represents a $1.40 annualized dividend and a dividend yield of 0.67%. Casey’s General Stores’s payout ratio is presently 16.26%.

Several brokerages have issued reports on CASY. Royal Bank of Canada lowered their target price on Casey’s General Stores from $237.00 to $235.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 9th. Deutsche Bank Aktiengesellschaft boosted their target price on Casey’s General Stores from $257.00 to $259.00 and gave the company a “buy” rating in a research note on Thursday, March 10th. Wells Fargo & Company began coverage on Casey’s General Stores in a research note on Wednesday, May 25th. They issued an “overweight” rating and a $240.00 target price on the stock. Finally, StockNews.com began coverage on Casey’s General Stores in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $233.36.

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Casey’s General Stores by 3.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company’s stock worth $344,000 after acquiring an additional 54 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in Casey’s General Stores by 0.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 19,060 shares of the company’s stock worth $3,777,000 after acquiring an additional 80 shares during the last quarter. Renaissance Group LLC increased its stake in Casey’s General Stores by 2.1% in the 1st quarter. Renaissance Group LLC now owns 4,965 shares of the company’s stock worth $984,000 after acquiring an additional 104 shares during the last quarter. Mariner LLC increased its stake in Casey’s General Stores by 1.1% in the 1st quarter. Mariner LLC now owns 12,178 shares of the company’s stock worth $2,413,000 after acquiring an additional 130 shares during the last quarter. Finally, Lumature Wealth Partners LLC increased its stake in Casey’s General Stores by 80.2% in the 1st quarter. Lumature Wealth Partners LLC now owns 310 shares of the company’s stock worth $61,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 84.44% of the company’s stock.

Casey’s General Stores Company Profile (Get Rating)

Casey’s General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey’s and Casey’s General Store names. Its stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; tobacco, and nicotine products; health and beauty aids; automotive products; and other nonfood items.

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Earnings History for Casey's General Stores (NASDAQ:CASY)



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