Wall Street analysts forecast that Casey’s General Stores Inc (NASDAQ:CASY) will announce earnings per share of $1.68 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Casey’s General Stores’ earnings, with the highest EPS estimate coming in at $1.80 and the lowest estimate coming in at $1.50. Casey’s General Stores posted earnings per share of $1.46 during the same quarter last year, which indicates a positive year over year growth rate of 15.1%. The business is expected to announce its next quarterly earnings results on Tuesday, September 4th.

On average, analysts expect that Casey’s General Stores will report full year earnings of $4.56 per share for the current financial year, with EPS estimates ranging from $4.25 to $4.90. For the next fiscal year, analysts expect that the company will report earnings of $4.89 per share, with EPS estimates ranging from $4.35 to $5.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Casey’s General Stores.

Casey’s General Stores (NASDAQ:CASY) last posted its earnings results on Tuesday, June 12th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.15). Casey’s General Stores had a return on equity of 11.61% and a net margin of 3.79%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis.

A number of research firms have commented on CASY. BidaskClub downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets lifted their target price on shares of Casey’s General Stores from $92.00 to $96.00 and gave the stock a “hold” rating in a research report on Thursday, August 23rd. Jefferies Financial Group set a $134.00 target price on shares of Casey’s General Stores and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. ValuEngine raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $120.00 target price on shares of Casey’s General Stores in a research report on Wednesday, August 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Casey’s General Stores currently has an average rating of “Hold” and an average target price of $124.56.

In other news, insider Terry W. Handley sold 1,342 shares of the business’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $100.12, for a total transaction of $134,361.04. Following the completion of the sale, the insider now owns 33,287 shares of the company’s stock, valued at approximately $3,332,694.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Several hedge funds have recently modified their holdings of CASY. Kwmg LLC bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $106,000. Cerebellum GP LLC bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $142,000. Crossmark Global Holdings Inc. bought a new stake in shares of Casey’s General Stores during the 2nd quarter valued at $204,000. Aristotle Atlantic Partners LLC grew its position in shares of Casey’s General Stores by 33.1% during the 1st quarter. Aristotle Atlantic Partners LLC now owns 2,426 shares of the company’s stock valued at $266,000 after acquiring an additional 603 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in shares of Casey’s General Stores by 134.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,241 shares of the company’s stock valued at $341,000 after acquiring an additional 1,857 shares during the period. 95.71% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:CASY opened at $112.99 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.78 and a debt-to-equity ratio of 1.02. Casey’s General Stores has a 12 month low of $90.42 and a 12 month high of $128.51. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 2.74 and a beta of 0.53.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 1st were given a dividend of $0.29 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, July 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.03%. Casey’s General Stores’s payout ratio is presently 30.45%.

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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Earnings History and Estimates for Casey`s General Stores (NASDAQ:CASY)

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