U.S. Markets close in 4 hrs 19 mins
  • S&P 500

    3,293.87
    -96.81 (-2.86%)
     
  • Dow 30

    26,665.45
    -797.74 (-2.90%)
     
  • Nasdaq

    11,079.24
    -352.11 (-3.08%)
     
  • Russell 2000

    1,550.01
    -40.47 (-2.54%)
     
  • Crude Oil

    37.13
    -2.44 (-6.17%)
     
  • Gold

    1,878.10
    -33.80 (-1.77%)
     
  • Silver

    23.26
    -1.31 (-5.33%)
     
  • EUR/USD

    1.1741
    -0.0048 (-0.4109%)
     
  • 10-Yr Bond

    0.7680
    -0.0100 (-1.29%)
     
  • Vix

    39.48
    +6.13 (+18.38%)
     
  • GBP/USD

    1.3000
    -0.0042 (-0.3198%)
     
  • USD/JPY

    104.2650
    -0.2290 (-0.2192%)
     
  • BTC-USD

    13,193.64
    -516.38 (-3.77%)
     
  • CMC Crypto 200

    260.48
    -12.21 (-4.48%)
     
  • FTSE 100

    5,532.92
    -196.07 (-3.42%)
     
  • Nikkei 225

    23,418.51
    -75.79 (-0.32%)
     

Casey's (CASY): The Perfect Mix of Value and Rising Earnings Estimates?

Zacks Equity Research
·2 mins read

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends? 

 

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Casey's General Stores, Inc. CASY

 

Casey's in Focus

 

CASY may be an interesting play thanks to its forward PE of 19.4, its P/S ratio of 0.5, and its decent dividend yield of 1%. These factors suggest that Casey's is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that CASY has decent revenue metrics to back up its earnings. 

 

Casey's General Stores, Inc. PS Ratio (TTM)

Casey's General Stores, Inc. PS Ratio (TTM)
Casey's General Stores, Inc. PS Ratio (TTM)

Casey's General Stores, Inc. ps-ratio-ttm | Casey's General Stores, Inc. Quote

But before you think that Casey's is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.3% in the past 30 days, thanks to three upward revisions in the past one month compared to none lower.

 

This estimate strength is actually enough to push CASY to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy)  stocks here. 

 

So really, Casey's is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time. 

 

More Stock News: This Is Bigger than the iPhone!                   

 

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. 

 

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.  

 

Click here for the 6 trades >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research