Factors Likely to Have Influenced Earnings Results Casey’s General Stores Stock Forecast, Price & News (NASDAQ:CASY)

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Earnings results for Casey’s General Stores Stock Forecast, Price & News (NASDAQ:CASY)

Caseys General Stores, Inc. is expected* to report earnings on 09/08/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.88. The reported EPS for the same quarter last year was $2.31.

Casey’s General Stores last posted its earnings data on June 8th, 2020. The reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by $0.12. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.76 billion. Its revenue for the quarter was down 16.8% on a year-over-year basis. Casey’s General Stores has generated $7.10 earnings per share over the last year and currently has a price-to-earnings ratio of 24.8. Casey’s General Stores has confirmed that its next quarterly earnings report will be published on Tuesday, September 8th, 2020.

Analyst Opinion on Casey’s General Stores Stock Forecast, Price & News (NASDAQ:CASY)

10 Wall Street analysts have issued ratings and price targets for Casey’s General Stores in the last 12 months. Their average twelve-month price target is $176.50, predicting that the stock has a possible upside of 0.26%. The high price target for CASY is $209.00 and the low price target for CASY is $165.00. There are currently 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Casey’s General Stores has received a consensus rating of Hold. The company’s average rating score is 2.30, and is based on 3 buy ratings, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $176.50, Casey’s General Stores has a forecasted upside of 0.3% from its current price of $176.05. Casey’s General Stores has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Casey’s General Stores Stock Forecast, Price & News (NASDAQ:CASY)

Casey’s General Stores has a dividend yield of 0.73%, which is in the bottom 25% of all stocks that pay dividends. Casey’s General Stores has been increasing its dividend for 17 years. The dividend payout ratio of Casey’s General Stores is 18.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Casey’s General Stores will have a dividend payout ratio of 19.54% next year. This indicates that Casey’s General Stores will be able to sustain or increase its dividend.

Insiders buying/selling: Casey’s General Stores Stock Forecast, Price & News (NASDAQ:CASY)

In the past three months, Casey’s General Stores insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $140,411.00 in company stock. Only 0.55% of the stock of Casey’s General Stores is held by insiders. 87.59% of the stock of Casey’s General Stores is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Casey’s General Stores Stock Forecast, Price & News (NASDAQ:CASY

Earnings for Casey’s General Stores are expected to grow by 11.21% in the coming year, from $5.89 to $6.55 per share. The P/E ratio of Casey’s General Stores is 24.80, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.56. The P/E ratio of Casey’s General Stores is 24.80, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 35.75. Casey’s General Stores has a P/B Ratio of 3.94. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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