Casey’s General Stores (NASDAQ:CASY) Announces Earnings Results, Beats Estimates By $0.57 EPS

Casey’s General Stores (NASDAQ:CASY) announced its earnings results on Tuesday. The company reported $2.33 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.57, Zacks reports. Casey’s General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company had revenue of $3.90 billion for the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the firm earned $2.33 EPS. Casey’s General Stores’s revenue for the quarter was up 17.2% compared to the same quarter last year.

Casey’s General Stores Stock Performance

Casey’s General Stores stock opened at $378.71 on Wednesday. The company has a market capitalization of $14.06 billion, a PE ratio of 26.39, a P/E/G ratio of 2.40 and a beta of 0.87. Casey’s General Stores has a fifty-two week low of $290.00 and a fifty-two week high of $445.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88. The company has a 50 day moving average price of $409.64 and a 200-day moving average price of $399.61.

Insider Buying and Selling

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 450 shares of Casey’s General Stores stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $427.13, for a total value of $192,208.50. Following the transaction, the insider now directly owns 2,247 shares of the company’s stock, valued at approximately $959,761.11. The trade was a 16.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mike Spanos purchased 500 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average cost of $396.76 per share, for a total transaction of $198,380.00. Following the completion of the acquisition, the director now directly owns 3,097 shares of the company’s stock, valued at approximately $1,228,765.72. The trade was a 19.25 % increase in their position. The disclosure for this purchase can be found here. 0.56% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CASY shares. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 target price (up from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. StockNews.com lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Evercore ISI cut their price target on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank of Canada increased their price target on Casey’s General Stores from $403.00 to $428.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $422.18.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.