The GOP’s Health Care Plan – Analyst Blog
Dirk Van Dijk (November 4th, 2009) Writes:
Dirk Van Dijk (November 4th, 2009) Writes:
Alex Kolb (October 16th, 2009) Writes:
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.
A Solid Quarter
The company announced fiscal first-quarter results in early September. Earnings of 87 cents per share, exceeded the Zacks Consensus Estimate by 45% and topped the year-prior total. During the past 4 consecutive quarters, Casey's delivered an average upside earnings surprise of 17.5%.
"Strong gas margins and enhanced profitability inside the stores were
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Tracey Ryniec (September 28th, 2009) Writes:
Earnings per share rose to 27 cents from 19 cents a year ago. The Zacks Consensus Estimate called for 18 cents per share.
Revenues jumped 43.2% to $193.2 million from $134.9 million in the year ago period. All three of the company's segments saw growth in the quarter. Equipment sales jumped 44.3% to $141.1 million from $97.8 million last year. Parts sales climbed 37.7% and service revenues grew 44.4% to $15.6 million from $10.8 million in the second quarter of last year.
For the first six months of the year, revenues grew 25% compared to fiscal 2009.
The agriculture equipment business remained strong as the company's customers continued to have access to credit and were investing in
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Zacks Market Commentaries (September 14th, 2009) Writes:
Alex Kolb (August 20th, 2009) Writes:
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
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Alex Kolb (July 24th, 2009) Writes:
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.
Record Results
The company recently released its fiscal fourth-quarter report, which 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 consensus estimate of 36 cents.
In fiscal 2010, the company said it plans
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Zacks Market Commentaries (July 20th, 2009) Writes:
Dirk Van Dijk (June 30th, 2009) Writes:
Today is the end of the 2009 fiscal year, and many states are still scrambling to get budgets in place for the 2010 fiscal year. It is not easy since when the economy turns south, so do tax revenues, and states are not allowed to run deficits or borrow for operating needs. Some states have managed to cut costs or raise taxes enough to close their deficits for the upcoming year. The only two states without a budget problem are Montana and North Dakota. As shown in the table below (from http://www.cbpp.org/cms/index.cfm?fa=view&id=711), the total spending cuts or revenue increase needs to be $166 billion or 24% of the projected budget. To some extent states have used "rainy day funds" and the money from the Federal Stimulus bill to close some of the gap. Still the problem is very severe with 5 states (CA, AZ,
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Alex Kolb (May 14th, 2009) Writes:
< ?DART(15);?> 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.
Stellar Earnings
The company saw a solid third quarter. Earnings per share of 28 cents came in 47% ahead of the consensus estimate.
"We are pleased with the execution of our strategy," said President and CEO Robert J. Myers. "We were able to exceed third quarter earnings from a year ago despite a gas margin decline of over 3.5 cents per gallon."
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Alex Kolb (April 17th, 2009) Writes:
< ?DART(15);?> 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.
Wall Street is Bullish on CASY
Current fiscal year earnings projections of $1.73 per share are above last month's $1.66. For the following year, earnings expectations of $1.76 were increased from last week's $1.74 and last month's $1.72. CASY's fiscal year ends in April.
Favorable Comparisons
CASY's return on equity (ROE) of 13% is in line with the industry average. The company's dividend yield of 1.1% stands out as
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