Avg Daily Volume: 327,284 Market Cap: 4.88B
Sector: Services Short Interest: 6.14
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .52/share REV: 2,100/M
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LAST QTR: EPS: 1.11/share ACTUAL: 1.13/share (BEAT)
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NEXT QTR: EPS: 1.94/share REV: 2,560/M
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FY19: EPS: 5.31/share REV: 9,260/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS HISTORY: 52% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) 3.98, 8.34, 11.79
POTENTIAL JUMP MOVE: 8-10%
Links To Latest News and Headlines
The acquisition of Fikes Wholesale includes 198 stores and a dealer network. Fikes operates Cefco convenience stores.
ANKENY, Iowa, July 26, 2024–Casey’s General Stores, Inc. (“Casey’s” or the “Company”) (Nasdaq: CASY), one of the leading convenience store chains in the United States, today announced an agreement to acquire Fikes Wholesale, Inc. (“Fikes”), owner of CEFCO Convenience Stores (“CEFCO”), in an all-cash transaction for $1.145 billion. The purchase price includes tax benefits valued at approximately $165 million for a net after-tax purchase price of $980 million.
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