NEW YORK (TheStreet) -- Shares of Casey's General Stores (CASY) are higher by 4.85% to $91.49 in after-hours trading on Monday afternoon, following the release of the company's fiscal 2015 fourth quarter earnings results. The company's financial results were better than analysts had expected for the period.
For the most recent quarter the convenience store operator said it earned $1.05 per diluted share, compared to the 54 cents per diluted share it earned for the fiscal 2014 fourth quarter.
Analysts had forecast for earnings of 86 cents per share for the quarter ended April 2015.
Total revenue for the quarter declined year-over-year to $1.65 billion from the $1.9 billion reporter for the same period in 2014.
Analysts were anticipating earnings of $1.64 billion for the fiscal 2015 fourth quarter.
"Fiscal 2015 was a tremendous year for Casey's," company CEO Robert Myers said in a statement.
"Sales were strong throughout all of our categories, and the Company is poised to grow the business in fiscal 2016 with a variety of initiatives to improve the existing store base, while at the same time building and acquiring more stores," Myers continued.
Separately, TheStreet Ratings team rates CASEYS GENERAL STORES INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate CASEYS GENERAL STORES INC (CASY) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."