Media stories about Casey’s General Stores (NASDAQ:CASY) have been trending positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Casey’s General Stores earned a daily sentiment score of 0.27 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.7349252884757 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Casey’s General Stores (CASY) PT Lowered to $92.00 (americanbankingnews.com)
- Casey’S General Set to Possibly Pullback After Yesterday’s Rally of 3.14% (mysmartrend.com)
- Q4 2019 EPS Estimates for Casey’s General Stores (CASY) Lowered by Analyst (americanbankingnews.com)
- Gabelli Research Analysts Decrease Earnings Estimates for Casey’s General Stores (CASY) (americanbankingnews.com)
- Research Analysts Set Expectations for Casey’s General Stores’ Q1 2019 Earnings (CASY) (americanbankingnews.com)
A number of research analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Casey’s General Stores in a report on Thursday, April 5th. They issued a “neutral” rating and a $106.00 target price for the company. BMO Capital Markets set a $122.00 target price on shares of Casey’s General Stores and gave the company a “hold” rating in a report on Wednesday, March 7th. Northcoast Research reaffirmed a “neutral” rating on shares of Casey’s General Stores in a report on Tuesday, June 5th. Stephens set a $140.00 target price on shares of Casey’s General Stores and gave the company a “buy” rating in a report on Wednesday, March 21st. Finally, Zacks Investment Research raised shares of Casey’s General Stores from a “hold” rating to a “buy” rating and set a $131.00 target price for the company in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Casey’s General Stores has a consensus rating of “Hold” and an average target price of $124.11.
Shares of Casey’s General Stores traded down $0.07, reaching $99.11, during mid-day trading on Thursday, according to MarketBeat. 439,681 shares of the company’s stock were exchanged, compared to its average volume of 513,639. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.03 and a quick ratio of 0.48. Casey’s General Stores has a 52-week low of $90.42 and a 52-week high of $128.51. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.63 and a beta of 0.60.
Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Tuesday, June 12th. The company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.15). Casey’s General Stores had a return on equity of 12.70% and a net margin of 4.03%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. equities analysts expect that Casey’s General Stores will post 3.88 earnings per share for the current fiscal year.
Casey’s General Stores announced that its Board of Directors has initiated a share buyback program on Wednesday, March 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
In related news, VP William J. Walljasper sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $108.85, for a total transaction of $108,850.00. Following the sale, the vice president now owns 21,452 shares in the company, valued at $2,335,050.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by company insiders.
About Casey’s General Stores
Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. The company's stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items.
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