Casey’s General Stores Continues To Perform Well

Casey’s General Stores Inc. (CASY) continues to perform well after recently spiking on a strong third quarter. Analysts remain bullish on earnings, raising the fiscal full-year estimate by a penny since we last featured CASY as a Growth and Income pick in mid-May. The company is scheduled to report fourth-quarter and full-year results in mid-June.

Bullish Forecasts

Analysts’ earnings estimates for the year ended April 2009 are at $1.75 per share, above last month’s $1.74 and the 3 months-ago level of $1.55. The most accurate projection is higher at $1.76.

For the following year, analysts are calling for earnings of $1.80 per share, an increase from the 2 months-ago level of $1.74 and the 3 month-ago level of $1.60. The most accurate forecast is more bullish at $1.82.

Casey’s General Stores will announce fourth-quarter and full-year results in mid-June.

Favorable Comparisons

CASY’s return on equity (ROE) of 13% is above the industry average of 11%. The company’s dividend yield of 1.2% stands out as most of CASY’s industry peers pay no income. Its net profit margin of 2% is higher than the industry’s average of 0.7%.

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