Earnings and Growth Analysis : Casey’s General Stores (NASDAQ:CASY)

Earnings results for Casey’s General Stores (NASDAQ:CASY)

Caseys General Stores, Inc. is expected* to report earnings on 06/08/2021 after market close. The report will be for the fiscal Quarter ending Apr 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.67. The reported EPS for the same quarter last year was $1.67.

Casey’s General Stores last issued its quarterly earnings data on March 7th, 2021. The reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm earned $2.01 billion during the quarter, compared to the consensus estimate of $1.99 billion. Casey’s General Stores has generated $7.10 earnings per share over the last year and currently has a price-to-earnings ratio of 24.1. Casey’s General Stores has confirmed that its next quarterly earnings report will be published on Tuesday, June 8th, 2021.

Analyst Opinion on Casey’s General Stores (NASDAQ:CASY)

11 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 $215.11, predicting that the stock has a possible downside of 0.08%. The high price target for CASY is $250.00 and the low price target for CASY is $171.00. There are currently 1 sell rating, 4 hold ratings and 6 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 2.45, and is based on 6 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $215.11, Casey’s General Stores has a forecasted downside of 0.1% from its current price of $215.29. Casey’s General Stores has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Casey’s General Stores (NASDAQ:CASY)

Casey’s General Stores has a dividend yield of 0.62%, which is in the bottom 25% of all stocks that pay dividends. Casey’s General Stores has only been increasing its dividend for 1 years. The dividend payout ratio of Casey’s General Stores is 19.15%. 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 16.92% 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 (NASDAQ:CASY)

In the past three months, Casey’s General Stores insiders have not sold or bought any company stock. Only 0.55% of the stock of Casey’s General Stores is held by insiders. 86.71% 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 (NASDAQ:CASY

Earnings for Casey’s General Stores are expected to grow by 0.75% in the coming year, from $7.98 to $8.04 per share. The P/E ratio of Casey’s General Stores is 24.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 30.24. The P/E ratio of Casey’s General Stores is 24.05, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 69.78. Casey’s General Stores has a P/B Ratio of 4.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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