Media headlines about Caseys General Stores (NASDAQ:CASY) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Caseys General Stores earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 72 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- $1.48 Earnings Per Share Expected for Caseys General Stores, Inc. (CASY) This Quarter (americanbankingnews.com)
- Caseys General Stores, Inc. (CASY) Earns Buy Rating from Jefferies Group LLC (americanbankingnews.com)
- After Yesterday’s Decline of 1.84%, Casey’s General Stores Offers Investors Better Value (mysmartrend.com)
- Northcoast Research Weighs in on Caseys General Stores, Inc.’s Q1 2018 Earnings (CASY) (americanbankingnews.com)
- Caseys General Stores Inc (CASY) Needle Moving on Volume – Financial News Review (finnewsreview.com)
Several equities analysts have commented on CASY shares. Goldman Sachs Group, Inc. (The) started coverage on Caseys General Stores in a research report on Thursday, April 27th. They issued a “neutral” rating and a $109.00 target price for the company. Zacks Investment Research upgraded Caseys General Stores from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $139.00 target price on shares of Caseys General Stores in a research report on Thursday, March 16th. Feltl & Co. downgraded Caseys General Stores from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 8th. Finally, Sidoti downgraded Caseys General Stores from a “buy” rating to a “neutral” rating and dropped their target price for the company from $130.00 to $118.00 in a research report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $120.50.
Shares of Caseys General Stores (CASY) traded down 1.19% during trading on Tuesday, hitting $106.74. The stock had a trading volume of 538,870 shares. The firm has a 50-day moving average price of $112.61 and a 200 day moving average price of $114.89. Caseys General Stores has a 52 week low of $105.50 and a 52 week high of $136.22. The company has a market capitalization of $4.16 billion, a PE ratio of 23.83 and a beta of 0.48.
Caseys General Stores (NASDAQ:CASY) last released its earnings results on Monday, June 5th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by $0.09. Caseys General Stores had a net margin of 2.36% and a return on equity of 14.93%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the firm posted $1.19 EPS. The company’s revenue was up 16.6% on a year-over-year basis. Equities analysts anticipate that Caseys General Stores will post $4.57 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 1st will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, July 28th. This is a positive change from Caseys General Stores’s previous quarterly dividend of $0.24. Caseys General Stores’s payout ratio is 21.43%.
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About Caseys General Stores
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.
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