Casey’s General Stores (NASDAQ:CASY – Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, December 11th. Analysts expect Casey’s General Stores to post earnings of $3.52 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Casey’s General Stores (NASDAQ:CASY – Get Free Report) last announced its quarterly earnings data on Tuesday, September 12th. The company reported $4.52 EPS for the quarter, beating the consensus estimate of $3.36 by $1.16. The business had revenue of $3.87 billion during the quarter, compared to analyst estimates of $3.90 billion. Casey’s General Stores had a return on equity of 17.10% and a net margin of 3.19%. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.09 earnings per share. On average, analysts expect Casey’s General Stores to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $276.31 on Monday. The business has a fifty day simple moving average of $273.93 and a two-hundred day simple moving average of $253.57. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $10.30 billion, a P/E ratio of 22.37, a P/E/G ratio of 2.36 and a beta of 0.77. Casey’s General Stores has a 12 month low of $202.13 and a 12 month high of $286.62.

Casey’s General Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Tuesday, October 31st. Casey’s General Stores’s dividend payout ratio is presently 13.93%.

Institutional Investors Weigh In On Casey’s General Stores

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CASY. Sunbelt Securities Inc. grew its holdings in Casey’s General Stores by 46.6% during the 2nd quarter. Sunbelt Securities Inc. now owns 129 shares of the company’s stock valued at $31,000 after buying an additional 41 shares in the last quarter. Money Concepts Capital Corp grew its holdings in shares of Casey’s General Stores by 62.7% in the fourth quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock valued at $27,000 after purchasing an additional 47 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Casey’s General Stores by 3.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,736 shares of the company’s stock valued at $344,000 after purchasing an additional 54 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Casey’s General Stores by 0.9% in the fourth quarter. Panagora Asset Management Inc. now owns 6,140 shares of the company’s stock valued at $1,378,000 after purchasing an additional 54 shares in the last quarter. Finally, Advisor Partners II LLC grew its holdings in shares of Casey’s General Stores by 4.9% in the first quarter. Advisor Partners II LLC now owns 1,240 shares of the company’s stock valued at $267,000 after purchasing an additional 58 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Casey’s General Stores from $260.00 to $285.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 13th. Royal Bank of Canada lifted their price target on Casey’s General Stores from $275.00 to $284.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 12th. Benchmark lifted their price target on Casey’s General Stores from $275.00 to $312.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Stephens reiterated an “overweight” rating and issued a $280.00 price objective on shares of Casey’s General Stores in a report on Tuesday, September 12th. Finally, StockNews.com upgraded Casey’s General Stores from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.22.

View Our Latest Research Report on Casey’s General Stores

About Casey’s General Stores (Get Free Report)

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 pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company’s stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.

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Original: MarketBeat News Feed: Casey’s General Stores (CASY) Scheduled to Post Quarterly Earnings on Monday