BMO Capital Reiterates Market Perform on Casey's General Stores (CASY) Following 2Q Report

BMO Capital reiterated a Market Perform rating and $118.00 price target on Casey's General Stores (NASDAQ: CASY) following the company's 2Q earnings report. CASY reported EPS of $1.44. This was below the consensus estimate of $1.59. Total gross profit was $18mm below forecasts, with roughly half from weaker-than-expected merchandise gross profit and nearly half from lower-than-forecast retail fuel CPG margins.

Analyst Kelly Bania commented, "CASY reported F2Q17 EPS of $1.44 compared to our forecast of $1.68 and consensus of $1.59. Weaker-than-forecast comps along with lower-than-forecast gas margins were the primary drivers relative to our estimate. We rate CASY shares Market Perform with a $118 price target."

For an analyst ratings summary and ratings history on Casey's General Stores click here. For more ratings news on Casey's General Stores click here.

Shares of Casey's General Stores closed at $124.22 yesterday.

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