Revenue Update on Casey's General Stores Inc(NASDAQ:CASY)

Casey's General Stores Inc(NASDAQ:CASY) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 6, 2016. Company reported revenue of $1.58B. Analysts estimated a revenue of $1.56B. Earnings per share were $1.19. Analysts had estimated an EPS of $1.21.

In a different note, Jefferies said it Initiates Coverage on Casey's General Stores Inc, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Hold’ by the firm. On Mar 30, 2016, Deutsche Bank said it Upgrades its rating on Casey's General Stores Inc. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Buy’ by the firm. On Mar 9, 2016, RBC Capital said it Upgrades its rating on Casey's General Stores Inc. The shares have been rated ‘Outperform’ by the firm. On Mar 9, 2016, Goldman Sachs said it Maintains its rating on Casey's General Stores Inc. In the research note, the firm Lowers the price-target to $129.00 per share. The shares have been rated ‘Neutral’ by the firm.

Casey's General Stores Inc (CASY) made into the market gainers list on Fridays trading session with the shares advancing 0.26% or 0.31 points. Due to strong positive momentum, the stock ended at $119.63, which is also near the day’s high of $119.9301. The stock began the session at $118.17 and the volume stood at 3,40,098 shares. The 52-week high of the shares is $129.53 and the 52 week low is $91.365. The company has a current market capitalization of $4,672 M and it has 3,90,50,570 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 29, 2016, William J Walljasper (Senior VP and CFO) sold 2,500 shares at $108.21 per share price.Also, On Mar 9, 2016, William C Kimball (director) sold 2,000 shares at $107.15 per share price.On Mar 9, 2016, Larree M Renda (director) purchased 2,500 shares at $102.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Casey’s General Stores Inc. and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states in Iowa Missouri and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry food including freshly prepared foods such as pizza donuts and sandwiches beverages tobacco products health and beauty aids automotive products and other nonfood items. As of April 30 2015 the Company operated 1878 stores. The Company operates a central warehouse Casey’s Distribution Center in Ankeny Iowa through which it supplies grocery and general merchandise items to its stores. The Company’s subsidiary Casey’s Retail Company operates stores in Illinois Kansas Minnesota Nebraska North Dakota and South Dakota. Its subsidiary Casey’s Marketing Company owns and has responsibility for the operation of stores in Arkansas Indiana Iowa Kentucky Missouri Oklahoma Tennessee and Wisconsin.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *