Casey’s General to Post Q1 Numbers

What's Happening With CASY View more about CASY >

Casey’s General Stores, Inc. (CASY) is expected to report fiscal first-quarter results September 9. The company will release its numbers after the market close with the consensus calling for earnings of $2.05 per share, up from $1.90 last year. CASY stock has appreciated 34.5% on the year.

Technical Analysis

CASY was recently trading at $171.86 down $1.44 from its 12-month high and $57.27 above its 12-month low. InvestorsObserver’s Stock Score Report gives CASY a 94 long-term technical score and a 100 short-term technical score. The stock has recent support above $160 and recent resistance below $173. Of the 11 analysts who cover the stock 4 rate it Strong Buy, 0 rate it Buy, 6 rate it Hold, 0 rate it Sell, and 1 rate it Strong Sell, CASY gets a score of 73 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

Headed into this week’s earnings report, CASY shares are trading just shy of their all-time high after the stock has risen more than 34% since the start of the year. The company has struggled to grow its earnings, but looking ahead analysts forecast profits to rise at an 8% annual rate over the next five years. Casey’s has posted positive earnings surprises the last five quarters, and another earnings beat should result in the stock setting a new all-time high. While Wall Street remains bullish on the stock, the recent run up in shares has CASY trading well above its $161.27 average price target and the company needs to deliver another beat for analysts to start to lift their targets. Given the strong gains CASY has enjoyed on the year, current shareholders should at the very least make sure their position is still balanced and lock in some profits if the position has grown too large ahead of the report just in case the company issues some bad news that sends shares lower.

CASY
About Caseys General Stores Inc.

Casey's General Stores Inc owns and operates over 2,000 convenience stores in multiple Midwestern states of the U.S. The stores provide self-service gasoline, grocery items, and processed foods such as pizza, donuts, and sandwiches. Casey's operates its own distribution centres, delivering its in-store products and fuel supplies. The company owns of its real estate, including nearly all of the stores, the distribution centres, and some of its subsidiaries' facilities. More than half of the company's stores are located in areas with populations of fewer than 5,000 people.

  • Last Price:
    $165.22
  • Previous Close:
    $163.56
  • Change:
    $1.66 (1.01%)
  • Open:
    $164.46
  • Volume:
    247,932
  • Average Volume (100 Day):
    342,496
  • Market Capitalization:
    $6.1 B
  • Day's Range:
    $164.30 - $166.06
  • Dividend Yield:
    0.78%
  • 52-week Range:
    $173 - $116.23
  • P-E:
    27.70
  • EPS:
    $5.92
  • Earnings Date:
    12/9/19
  • Ex Dividend Date:
    10/31/19
  • Sector:
    Consumer Defensive
  • Industry:
    Grocery Stores
  • Analyst Average Recommendation:
    Hold

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