Trade-Ideas LLC identified Casey's General Stores ( CASY) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Casey's General Stores as such a stock due to the following factors:

  • CASY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $39.1 million.
  • CASY has traded 288,911 shares today.
  • CASY is trading at a new lifetime high.

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More details on CASY:

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's General Store name in 14 Midwestern states, primarily Iowa, Missouri, and Illinois. The stock currently has a dividend yield of 0.8%. CASY has a PE ratio of 23. Currently there are 4 analysts that rate Casey's General Stores a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Casey's General Stores has been 417,900 shares per day over the past 30 days. Casey's General Stores has a market cap of $4.1 billion and is part of the services sector and retail industry. The stock has a beta of 0.39 and a short float of 5% with 4.86 days to cover. Shares are up 16.9% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Casey's General Stores as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • Powered by its strong earnings growth of 94.44% and other important driving factors, this stock has surged by 46.29% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Food & Staples Retailing industry. The net income increased by 97.4% when compared to the same quarter one year prior, rising from $20.94 million to $41.34 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Food & Staples Retailing industry and the overall market, CASEYS GENERAL STORES INC's return on equity exceeds that of both the industry average and the S&P 500.
  • CASEYS GENERAL STORES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, CASEYS GENERAL STORES INC increased its bottom line by earning $4.62 versus $3.27 in the prior year. For the next year, the market is expecting a contraction of 1.9% in earnings ($4.53 versus $4.62).
  • CASY, with its decline in revenue, slightly underperformed the industry average of 4.0%. Since the same quarter one year prior, revenues fell by 13.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.

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