Casey's General Stores
The convenience store company is scheduled to be breaking ground on its first location in Tennessee in June. This will be the 13th state in which Casey's operates."We estimate Casey's new store growth in F2012 is tracking closer to 4% vs its annual goal of +4-6% (we had estimated 5%) primarily due a slower acquisition environment (due to high seller expectations) as we believe new store constructions remain on-track, "Bank of America Merrill Lynch analysts wrote in a March 5 report. "Despite the slightly slower near-term acquisition environment, we continue to believe that opportunities in new markets (such as TN & KY) provide Casey with significant new store growth & acquisition opportunities longer-term." Forward Annual Dividend Yield: 1.1% Rated "A+ (Buy)" by TheStreet Ratings: The company's third-quarter gross profit margin was about the same as it was the previous year. Casey's General Stores has very weak liquidity. Its Quick Ratio is 0.3, which demonstrates a lack of ability to meet its short-term cash needs. In the third quarter, stockholders' net worth increased 26.08% from the prior year. TheStreet Ratings' price target is $73.55.
Carbo Ceramics The ceramic and sand proppants company is scheduled to report first-quarter results on Thursday. Analysts, on average, anticipate earnings of $1.42 a share on revenue of $160.89 million. "One of the advantages Carbo has in its domestic operations is it produces a kaolin-based, light-weight ceramic product (versus a bauxite-based, heavy-weight that is common in China)," Dahlman Rose analysts wrote in a March 29 report. "The lighter weight product has more volume per pound and can be used in slick water fracture jobs, which are now lower cost due to significant inflation in guar that is used in cross-linked systems. While some have indicated Guar inflation could hinder the use of ceramics, we believe guar inflation could actually benefit light weigh ceramic producers. We recently spoke to a supply chain manager for a North American company that has over two dozen fleets; he indicated coarse white sand prices have increased roughly 10% over the last few months and other sand meshes, resin-coated sand, and ceramic pricing has been flat." Forward Annual Dividend Yield: 1.1% Rated "B (Buy)" by TheStreet Ratings: The company's fourth-quarter gross profit margin increased from the previous year. Carbo Ceramics has strong facility. Its Quick Ratio is 1.94, which shows the company can meet its short-term cash needs. In the fourth quarter, stockholders' net worth increased 20.72% from the prior year. TheStreet Ratings' price target is $116.96.
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