The convenience store's revenue for the quarter came in at $2.3 billion, in line with analysts expectations.
"Strong sales helped offset a $7.2 million reduction in renewable fuel credit values, which impacted diluted earnings per share by almost 12 cents," said CEO Robert J. Myers.
Casey's General Stores shares are up 3.5% to $73 in after-hours trading on Monday, after closing the day down 0.5% to $70.50
TheStreet Ratings team rates CASEYS GENERAL STORES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate CASEYS GENERAL STORES INC (CASY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: CASY Ratings Report
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