Jefferies Raises Price Target on Casey's General Stores (CASY) to $113 Following EPS Miss
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Casey's Finishes Year with Record Earnings
June 6, 2016 4:15 PM EDTANKENY, Iowa--(BUSINESS WIRE)-- Caseys General Stores, Inc. (Nasdaq symbol CASY) today reported diluted earnings per share of $1.19 for the fourth quarter of fiscal year ended April 30, 2016 compared to $1.05 for the same period a year ago. For the year, diluted earnings per share grew 24% to $5.73 versus $4.62 for the same period last year. Fiscal 2016 was an exciting year for Caseys. We successfully opened our second distribution center in Terre Haute, Indiana, and launched our mobile app in conjunction with rolling out on-line ordering across all our stores, said Terry Handley, President and CEO. Total gross profit was up over 12%... More
