Casey's General Stores Inc (CASY) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Casey's General Stores Inc (CASY) reported quarterly earnings results on Monday, Jun-6-2016. The company reported $1.19 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $1.22. The company posted revenue of $1582.95 million in the period, compared to analysts expectations of $1570.74 million. The company’s revenue was down -4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Casey's General Stores Inc. Casey's General Stores Inc was Initiated by Jefferies to “Hold” on Apr 8, 2016. Company shares were Upgraded by Deutsche Bank on Mar 30, 2016 to ” Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $120 .Company shares were Upgraded by RBC Capital Mkts on Mar 9, 2016 to ” Outperform”, Firm has raised the Price Target to $ 129 from a previous price target of $128 .

Casey's General Stores Inc opened for trading at $125.26 and hit $126.21 on the upside on Friday, eventually ending the session at $125, with a gain of 0.32% or 0.4 points. The heightened volatility saw the trading volume jump to 3,50,524 shares. Company has a market cap of $4,881 M.

In a different news, on Mar 29, 2016, William J Walljasper (Senior VP and CFO) sold 2,500 shares at $108.21 per share price. According to the SEC, 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.

Casey's General Stores Inc

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