|Bid||119.00 x 3000|
|Ask||126.55 x 800|
|Day's Range||123.72 - 126.26|
|52 Week Range||90.42 - 138.45|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||23.24|
|Earnings Date||Jun 10, 2019 - Jun 14, 2019|
|Forward Dividend & Yield||1.16 (0.92%)|
|1y Target Est||138.70|
Casey's General Store (NASDAQ:CASY) stock is stuck in a trading range but this presents opportunities. It recently reported quarterly results and the reaction to CASY stock has so far been sub-optimal. But CASY is falling into support, so it's time to evaluate owning the shares for the mid and long term.Source: Shutterstock CASY is lagging the sector as it is down 1% year-to-date, whereas the SPDR S&P Retail ETF (NYSEARCA:XRT) is up 7% for the same period. So it has some catch up to do in the short term. But for the 12 months period, CASY is up 13% much higher than the sector exchange-traded fund.When management reported, it beat earnings estimates for this quarter and this was a triple-digit increase over this same period last year. Sales on the other hand were soft. CASY missed expectations by almost 6%, which is also a flattish red performance relative to last year. The good news in this is that clearly management is able to manage through tough times.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo that, management lowered its next quarter earnings estimate but raised it for the full year of 2019. This indicates that they have a hold on their business and that they have a plan to fix it by year-end. * 10 Stocks on the Rise Heading Into the Second Quarter This gives me confidence in the team, so if I own the shares I stay in them for as long as my thesis remains intact. For those looking to invest in Casey's General Store stock for the long term, this is as good a time to buy. Management over-delivered on earnings and is forecasting better results for the full-year outlook.For those who prefer to trade the CASY stock short term, there are important levels to note. How to Approach CASY Stock TodayIt is rare to see a brick-and-mortar retail company like CASY be a momentum stock, but this one acts like it. It has its fans since last year when the equities were in free fall into December, it traded in a three-month horizontal trading range. They did not fall into lower lows like the rest. In fact, CASY stock set its lows two weeks before the S&P 500 Christmas bottom.So when markets, in general, hit their bottom in December, CASY set a higher low at $121 per share and rallied to set new all-time highs. Since then, it has had four 10% moves in either direction, so clearly, traders in it are active.In December, CASY stock set its low of $117 per share. This is the biggest pivot and it has been in contention since 2015. On the way down, such pivots act as support because both bulls and bears fight over them hard, thereby creating congestion. This was also the same spot from which Casey's General Store stock broke out last September. Management reported earnings and the stock sprang to its higher trading range.Conversely, the net reaction to the March earnings report was negative after a brief pop. So now it needs to hold $124.5 or risk retesting $120, which is the last line of short-term defense before the December low. While this is not a forecast, it is a realistic scenario that investors need to know. * 7 Video Game Stocks on Steep Discount I don't look for help from the Wall Street experts as they are split with their opinions between BUY and HOLD and the stock is trading well below their average price target ranges.So I could try to be surgical in my entry points or just buy CASY stock near potential support and stick to tight stop loss levels. Otherwise, I trade it from the long term and not worry so much about finding the perfect entry point as long as I don't chase it too high. Right here, CASY should have enough support to serve as a decent entry point for a swing trade higher or a long-term hold alike.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post Casey's General Store Stock Is a Short and Long-Term Winner appeared first on InvestorPlace.
The company's two big profit drivers -- groceries and prepared foods -- matched or exceeded management's expectations in the most recent quarter.
Casey's (CASY) third-quarter bottom-line performance gains from strategic pricing, cost containment efforts and favorable fuel margin environment.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
NEW YORK, NY / ACCESSWIRE / March 12, 2019 / Casey's General Stores, Inc. (NASDAQ: CASY ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on March 12, 2019, 2018 ...
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Casey's (CASY) delivered earnings and revenue surprises of 29.89% and -7.09%, respectively, for the quarter ended January 2019. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Ankeny, Iowa-based company said it had net income of $1.13. The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research ...
Casey’s General Stores, Inc. today reported diluted earnings per share of $1.13 for the third quarter of fiscal 2019 ended January 31, 2019, compared to $0.48 per share for the same quarter a year ago, or $5.08 when including the one-time benefit of the enactment of tax reform.
Casey's General Stores, Inc. announced today they have acquired the Fantasy’s Convenience stores and Ride the Wave carwashes located in the Omaha, Nebraska metro area. Casey’s plans to leave the very popular touchless tunnel washes in place and continue to use the Ride the Wave brand.
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The Fed's shift to a patient approach on interest rates after lifting-off rates for three years has brought back the lure for dividend investing this year.
Casey's (CASY) remains on track with the value creation plan. Further, the company's price and product optimization strategy will help augment sales and fuel margin.
Caseys General Stores Inc NASDAQ/NGS:CASYView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate Bearish sentimentShort interest | PositiveShort interest is moderate for CASY with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding CASY are favorable, with net inflows of $4.21 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
I've been keeping an eye on Casey's General Stores, Inc. (NASDAQ:CASY) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, IRead More...
Casey's General Stores (CASY) closed the most recent trading day at $133.80, moving -0.36% from the previous trading session.
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