Casey's General Stores (CASY) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Media stories about Casey's General Stores (NASDAQ:CASY) have trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Casey's General Stores earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.8766104353388 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
- Casey’s General Stores, Inc. (NASDAQ:CASY) – Volatile Stock Characteristics – Nasdaq Journal (press release) (nasdaqjournal.com)
- Casey’s General Stores, Inc. (NASDAQ: CASY) – Early Moves to Watch – Alpha Beta Stock (alphabetastock.com)
- Casey’s Sees Value Trend for Tobacco – CSPDailyNews.com (cspdailynews.com)
- Manage Your Risk Before Making Any Investment Decision – Casey’s General Stores, Inc., (NASDAQ: CASY) – Stock Watch (stocksnewstimes.com)
- Casey’s Focuses on Getting More Customers to Step Inside – CSNews Online (csnews.com)
A number of equities research analysts recently issued reports on the company. Royal Bank of Canada set a $116.00 target price on Casey's General Stores and gave the company a “hold” rating in a research report on Monday, August 28th. Barclays reissued a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 15th. Raymond James Financial lowered Casey's General Stores from an “outperform” rating to a “mkt perform” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered Casey's General Stores from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Finally, Jefferies Group set a $139.00 price target on Casey's General Stores and gave the stock a “buy” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $115.29.
Shares of Casey's General Stores (NASDAQ:CASY) traded up $0.97 during midday trading on Friday, hitting $111.06. The stock had a trading volume of 287,037 shares, compared to its average volume of 571,991. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.23 and a quick ratio of 0.72. Casey's General Stores has a one year low of $99.76 and a one year high of $125.35. The company has a market cap of $4,210.00, a P/E ratio of 27.22, a P/E/G ratio of 2.43 and a beta of 0.46.
Casey's General Stores (NASDAQ:CASY) last issued its earnings results on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.12). Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm posted $1.44 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. equities analysts predict that Casey's General Stores will post 4.18 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, January 31st. This represents a $1.04 annualized dividend and a dividend yield of 0.94%. Casey's General Stores’s dividend payout ratio is currently 25.49%.
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Casey's General Stores Company Profile
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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