Analysts forecast that Casey’s General Stores Inc (NASDAQ:CASY) will announce sales of $2.64 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Casey’s General Stores’ earnings, with the highest sales estimate coming in at $2.78 billion and the lowest estimate coming in at $2.52 billion. Casey’s General Stores posted sales of $2.54 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The firm is expected to issue its next earnings report on Monday, December 9th.

On average, analysts expect that Casey’s General Stores will report full year sales of $9.92 billion for the current financial year, with estimates ranging from $9.26 billion to $10.32 billion. For the next financial year, analysts expect that the firm will report sales of $10.82 billion, with estimates ranging from $9.80 billion to $11.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Casey’s General Stores.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, September 9th. The company reported $2.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.28. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. Casey’s General Stores had a return on equity of 15.84% and a net margin of 2.34%. Casey’s General Stores’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 EPS.

A number of research firms have recently commented on CASY. G.Research cut Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada lowered Casey’s General Stores from a “sector perform” rating to an “underperform” rating and increased their target price for the company from $144.00 to $158.00 in a research report on Thursday, August 29th. BidaskClub cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 4th. Stephens lifted their price target on shares of Casey’s General Stores from $181.00 to $197.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Sidoti boosted their price target on shares of Casey’s General Stores from $147.00 to $166.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $170.30.

In other news, SVP Brian Joseph Johnson sold 4,000 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $156.48, for a total transaction of $625,920.00. Following the completion of the sale, the senior vice president now owns 14,817 shares of the company’s stock, valued at $2,318,564.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director H Lynn Horak sold 3,000 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $154.55, for a total transaction of $463,650.00. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Casey’s General Stores by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 388,122 shares of the company’s stock valued at $49,733,000 after acquiring an additional 30,433 shares in the last quarter. Strs Ohio acquired a new position in shares of Casey’s General Stores during the 1st quarter worth approximately $369,000. Quadrant Capital Group LLC grew its position in shares of Casey’s General Stores by 170.3% in the first quarter. Quadrant Capital Group LLC now owns 346 shares of the company’s stock valued at $42,000 after purchasing an additional 218 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Casey’s General Stores by 3.7% in the first quarter. Janney Montgomery Scott LLC now owns 9,086 shares of the company’s stock valued at $1,170,000 after purchasing an additional 322 shares in the last quarter. Finally, Alps Advisors Inc. acquired a new stake in shares of Casey’s General Stores in the first quarter valued at approximately $394,000. 87.60% of the stock is currently owned by hedge funds and other institutional investors.

CASY stock traded down $3.38 during mid-day trading on Friday, reaching $166.58. 567,585 shares of the company’s stock were exchanged, compared to its average volume of 338,601. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.69 and a quick ratio of 0.23. Casey’s General Stores has a 12-month low of $116.23 and a 12-month high of $173.31. The stock’s 50 day moving average is $167.00 and its 200 day moving average is $145.54. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 3.20 and a beta of 0.55.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.77%. Casey’s General Stores’s payout ratio is currently 23.23%.

About Casey’s General Stores

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.

Featured Article: Earnings Per Share

Get a free copy of the Zacks research report on Casey’s General Stores (CASY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Casey's General Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casey's General Stores and related companies with MarketBeat.com's FREE daily email newsletter.