Casey’s General Stores Inc. – Growth And Income – Zacks Rank Buy
Source: http://www.zacks.com/commentary/11883/Casey%27s+General+Stores+Inc.+-+Growth+And+Income+-+Zacks+Rank+BuyPosted on Thursday, August 20th, 2009 | In Market Commentary, Stocks to Watch
Casey’s General Stores Inc. (CASY) is seeing higher Zacks Consensus Estimates ahead of reporting fiscal first-quarter results in early September. During the past 3 months, forecasts climbed 9% for the year ending April 2010.
Company Description
Casey’s General Stores, Inc. together with its subsidiaries, operate convenience stores under the Casey’s General Stores name in the Midwest states. It has operations in Iowa, Missouri, Illinois Kansas, Minnesota, Nebraska, South Dakota, Wisconsin, and Indiana. The company was founded in 1959 and is headquartered in Ankeny, Iowa
Bullish Forecasts
The company is seeing higher Zacks Consensus Estimates ahead of reporting fiscal first-quarter results. During the past 3 months, forecasts of $1.97 per share climbed from $1.80 for the year ending April 2010.
For the following year, the Zacks Consensus Estimate was increased from $1.95 per share to $1.97 over the past 3 months.
The Zacks Consensus Estimate for the fiscal first quarter stands at 60 cents per share, versus the 3 months-ago level of 55 cents.
First quarter results are scheduled for release on September 9.
Record Results
The company’s fiscal fourth-quarter and full-year report included record earnings for the year of $1.69 per share. Last year, Casey’s earned $1.68 per share.
Fourth-quarter earnings of 31 cents per share topped the previous year’s 28 cents but missed the Zacks Consensus Estimate of 36 cents.
In fiscal 2010, the company said it plans to increase same-store sales of gas, groceries and prepared food. The company also increase its number of stress by 4%.
Casey’s hiked its dividend to $0.085 per share, which was paid out on August 17. CASY’s dividend yield tops the industry average at 1.3%.
Solid Fundamentals
The company offers a return on equity (ROE) of 12.5%, surpassing the industry average of 10%. The company’s net profit margin of 2% is ahead of the industry average of 1%.
Last 5 posts by Alex Kolb
- Tupperware Brands - Growth And Income - Zacks Rank Buy - November 25th, 2009
- American Express Company - Growth And Income - Zacks Rank Buy - November 24th, 2009
- Coach, Inc. - Growth And Income - Zacks Rank Buy - November 23rd, 2009
- Crane Co. - Growth And Income - Zacks Rank Buy - November 20th, 2009
- Gap Inc. - Growth And Income - Zacks Rank Buy - November 19th, 2009
Ankeny, Casey's General Stores Inc, cent;, Illinois Kansas, Indiana, Iowa, Market Commentary, Minnesota, Missouri, Nebraska, Prepared Food, South Dakota, Stocks to Watch, USD, Wisconsin, Zacks Market Commentaries
 About Alex Kolb (http://www.zacks.com/)
Alex Kolb is an Editor at Zacks Investment Research. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.