Caseys General Stores, Inc. (NASDAQ:CASY) – Equities researchers at Jefferies Group dropped their Q3 2018 earnings per share (EPS) estimates for Caseys General Stores in a research report issued on Wednesday. Jefferies Group analyst C. Mandeville now expects that the company will post earnings of $0.52 per share for the quarter, down from their previous forecast of $0.54. Jefferies Group has a “Buy” rating and a $134.00 price target on the stock. Jefferies Group also issued estimates for Caseys General Stores’ FY2018 earnings at $4.08 EPS, Q1 2019 earnings at $1.59 EPS, Q2 2019 earnings at $1.38 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.80 EPS, FY2019 earnings at $4.35 EPS, FY2020 earnings at $5.10 EPS, FY2021 earnings at $5.41 EPS and FY2022 earnings at $6.14 EPS.

Caseys General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Caseys General Stores had a net margin of 2.02% and a return on equity of 13.42%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.44 EPS.

Several other research analysts have also issued reports on CASY. Royal Bank of Canada set a $116.00 target price on Caseys General Stores and gave the stock a “hold” rating in a research report on Monday, August 28th. Zacks Investment Research lowered Caseys General Stores from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Raymond James Financial reissued a “market perform” rating on shares of Caseys General Stores in a research report on Wednesday, December 6th. Finally, Barclays reissued a “hold” rating on shares of Caseys General Stores in a research report on Friday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $115.29.

Caseys General Stores (NASDAQ:CASY) opened at $106.23 on Friday. Caseys General Stores has a 52-week low of $99.76 and a 52-week high of $126.49. The stock has a market capitalization of $3,988.62, a P/E ratio of 26.04, a PEG ratio of 2.33 and a beta of 0.46. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.23 and a quick ratio of 0.48.

Several institutional investors have recently bought and sold shares of CASY. Clear Perspective Advisors LLC grew its stake in shares of Caseys General Stores by 8.9% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after buying an additional 100 shares during the last quarter. Zions Bancorporation purchased a new stake in shares of Caseys General Stores in the 3rd quarter worth approximately $164,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Caseys General Stores by 46.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after buying an additional 566 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Caseys General Stores in the 3rd quarter worth approximately $264,000. Finally, Neuberger Berman Group LLC grew its stake in shares of Caseys General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after buying an additional 23 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.

In related news, SVP Brian Joseph Johnson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the sale, the senior vice president now owns 8,229 shares in the company, valued at approximately $888,814.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be paid a $0.26 dividend. The ex-dividend date is Wednesday, January 31st. This represents a $1.04 annualized dividend and a dividend yield of 0.98%. Caseys General Stores’s payout ratio is currently 25.49%.

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About Caseys General Stores

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.

Earnings History and Estimates for Caseys General Stores (NASDAQ:CASY)

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