Murphy USA Inc
What Boosted Casey’s Shareholder Returns in Fiscal 3Q16?
Casey’s General Stores (CASY) stock has yielded strong returns for its shareholders. The stock price rose by around 35% in 2015 after rising 30% in 2014.
Analyzing Casey’s Fiscal 3Q16 ahead of Its Fiscal 4Q16 Results
Casey’s General Stores reported a 6.3% YoY (year-over-year) fall in total sales to $1.6 billion in fiscal 3Q16, missing consensus estimates by $29 million.
Casey’s General Stores Stock Falls 8.5% after Weak Fiscal 4Q17 Results
Casey’s General Stores (CASY) is currently trading at a one-year forward price-to-earnings ratio of 22.7 versus its three-year average of 21x.
CASY Underperforms Wall Street’s Top Line Expectations in Fiscal 4Q17
For fiscal 2017, CASY’s total sales increased 5.4% YoY to $7.5 billion.
Wall Street’s Downgrades Have Lowered Casey’s Rating
Casey’s General Stores (CASY) is rated by 13 Wall Street analysts, who jointly rate the stock a 2.2 on a scale of 1.0 for “strong buy” to 5.0 for “sell.”
A Look at Casey’s Dividend Yields and Stock Market Performance
As a result of weaker-than-expected results, Casey’s General Stores (CASY) stock has fallen about 2.6% this year.
Casey’s Earnings Expected to Fall Further in 4Q17
Year-to-date, Casey’s (CASY) has had an 18.0% fall in adjusted EPS (earnings per share) to $3.72. It missed Wall Street’s expectations in all three quarters of 2017.
A Look at Casey’s Top-Line Performance ahead of 4Q17 Results
Casey’s General Stores (CASY) could likely see a YoY (year-over-year) rise of 18.8% in 4Q17 sales, which are predicted to come in at ~$1.9 billion.
Casey’s Had a Bad One, So Why Is Wall Street Still Optimistic?
Casey’s General Stores (CASY) is currently trading at $108.02, which is 26% below its 52-week high price.
RBC Capital Downgrades CASY after Weak Fiscal 3Q17 Results
Casey’s General Stores (CASY) is currently trading at a one-year forward price-to-earnings ratio of 20.9x, operating in the middle of its 52-week PE range of 18.0x–23.3x.
Casey’s on the Street: Why All the Optimism?
Casey’s (CASY) is covered by 13 Wall Street analysts, who have jointly rated the stock a 1.8—a better rating than its major peers.
Gauging Casey’s 2017 Stock Performance
After delivering solid performances in 2014 and 2015, Casey’s (CASY) stock lost around 1% of its value in 2016.
Can Casey’s Return to Growth in 3Q17?
Casey’s has a strong and differentiated business model, with a focus on locations that have a low population density.
Casey’s Analyst Recommendations Compared to Its Peers
Casey’s is covered by 13 Wall Street analysts. Of those analysts, 77.0% have recommended a “buy” for the company, and 23.0% have recommended a “hold.”
A Look at Casey’s Shareholder Returns and Valuations
Shares of Casey’s General Stores (CASY) fell 2.0% on December 8, 2016, a day after it failed to meet expectations in its fiscal 2Q17 results.
Lower Fuel Margins Drove Casey’s 2Q17 Earnings Miss
Gasoline sales accounted for 58.0% of Casey’s (CASY) total revenue in fiscal 2Q17. Total gasoline sales fell 4.6% YoY (year-over-year) in fiscal 2Q17.
Casey’s Top-Line Slide Continued in Fiscal 2Q17
Casey’s (CASY) fiscal 2Q17 sales fell 0.20% year-over-year to $1.9 billion, missing the consensus estimate by $20.0 million.
A Look at Casey’s Dividends, Valuations, and Ratings
Casey’s (CASY) is currently trading at a one-year forward price-to-earnings ratio of 21.8x.
Casey’s Gasoline Sales Witnessed a Resurgence in 1Q17
Gasoline sales accounted for 58.2% of Casey’s (CASY) total revenue in 1Q17.
In Search of Anything to Be Pleased with about Casey’s 1Q Results
For 1Q17, which ended July 31, 2016, Casey’s General Stores (CASY) reported a 3.8% decline in total sales to $2.0 billion.
Casey’s Compared to Its Peers: A Valuations Summary
Despite moving to the higher side of its valuations, Casey’s is still reasonably priced compared to peer CST Brands (CST).
What Does Wall Street Recommend for Casey’s?
Ten of the 13 analysts rating Casey’s have given the company a “buy.” Three have given it a “hold,” and none have given it a “sell.”
How Did Fuel Price Volatility Affect Casey’s in 4Q16?
While lower fuel prices have depressed Casey’s top line, they have led to a tremendous margin benefit for the company.
How Do Casey’s Valuations Stack Up against Its Peers’?
After Casey’s General Stores’ double-digit earnings growth over the last three fiscal years, Wall Street expects a slowdown in its earnings per share growth.
Has Casey’s Been a Good Investment for Its Shareholders?
Casey’s peers CST Brands (CST) and Murphy USA (MUSA) have given higher returns to shareholders compared to Casey’s.
Lower Gas Prices Continue to be Casey’s Biggest Revenue Headwind
Lower gasoline prices have weighed on Casey’s General Stores’ (CASY) top line performance for some time. Fiscal 4Q16 was another such quarter.
Analyzing the Valuations of Casey’s and Its Peers
Casey’s General Stores (CASY) is expected to register strong earnings growth in the final quarter of its fiscal 2016.
Casey’s Strengths, Weaknesses, Opportunities, and Threats
Casey’s has a strong, differentiated, low-risk business model. In fiscal 2015, 82% of its stores were in areas with populations of fewer than 20,000 people.
An Overview of Casey’s Business Strategies
Casey follows both organic and inorganic expansion strategies for its growth. In fiscal 2015, the company opened 45 new stores and acquired 36 stores.
A Quick Look at Casey’s Business Model
Casey’s business model focuses on opening stores in smaller towns, where the population is lower and competition is minimal.
Company Overview: An Introduction to Casey’s General Stores
Casey’s General Stores’ strong and differentiated business model has resulted in the company’s delivering total returns of 27% in the last year.
How Did Fuel Prices Treat Casey’s Margins in Fiscal 3Q16?
The contribution of the fuel category toward Casey’s top line has seen a continuous fall over the past few quarters due to low fuel prices.