The Brokers Issue Forecasts for Casey’s General Stores Inc’s Q1 2018 Earnings (CASY)

The Brokers Issue Forecasts for Casey’s General Stores Inc’s Q1 2018 Earnings (CASY)

Casey's General Stores Inc (NASDAQ:CASY) – Research analysts at Jefferies Group raised their Q1 2018 earnings per share estimates for shares of Casey's General Stores in a research report issued on Thursday. Jefferies Group analyst C. Mandeville now expects that the company will earn $1.53 per share for the quarter, up from their previous estimate of $1.50. Jefferies Group has a “Buy” rating and a $139.00 price objective on the stock. Jefferies Group also issued estimates for Casey's General Stores’ Q3 2018 earnings at $0.67 EPS and FY2021 earnings at $6.04 EPS.

Casey's General Stores (NASDAQ:CASY) last released its earnings results on Monday, March 6th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.32. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.81 billion. Casey's General Stores had a net margin of 2.98% and a return on equity of 18.75%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada reissued a “sector perform” rating and set a $121.00 price target (down previously from $123.00) on shares of Casey's General Stores in a research report on Monday, May 29th. Zacks Investment Research downgraded Casey's General Stores from a “hold” rating to a “sell” rating in a research report on Friday. BMO Capital Markets set a $116.00 price target on Casey's General Stores and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Goldman Sachs Group Inc began coverage on Casey's General Stores in a research report on Thursday, April 27th. They set a “neutral” rating and a $109.00 price target on the stock. Finally, Feltl & Co. downgraded Casey's General Stores from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Casey's General Stores has an average rating of “Hold” and an average price target of $126.57. Shares of Casey's General Stores (NASDAQ CASY) opened at 116.37 on Monday. The firm has a 50-day moving average price of $113.71 and a 200-day moving average price of $115.95. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 23.70 and a beta of 0.46. Casey's General Stores has a 12-month low of $107.43 and a 12-month high of $136.22.

Institutional investors have recently bought and sold shares of the stock. Engine Capital Management LLC purchased a new position in Casey's General Stores during the fourth quarter valued at approximately $2,000,000. Advisory Services Network LLC purchased a new position in Casey's General Stores during the first quarter valued at approximately $115,000. Numeric Investors LLC purchased a new position in Casey's General Stores during the fourth quarter valued at approximately $214,000. United Capital Financial Advisers LLC purchased a new position in Casey's General Stores during the fourth quarter valued at approximately $242,000. Finally, Sawtooth Solutions LLC increased its position in Casey's General Stores by 39.0% in the third quarter. Sawtooth Solutions LLC now owns 2,397 shares of the company’s stock valued at $288,000 after buying an additional 672 shares during the last quarter. 90.10% of the stock is currently owned by institutional investors. In other news, VP William J. Walljasper sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $108.74, for a total value of $239,228.00. Following the transaction, the vice president now owns 22,109 shares of the company’s stock, valued at $2,404,132.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William C. Kimball sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $108.99, for a total value of $217,980.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Casey's General Stores Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CASY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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