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4-Traders Homepage  >  Equities  >  Nasdaq  >  Casey's General Stores Inc    CASY

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CASEYS GEN NPV : Casey's Signs Definitive Agreement to Acquire NuWay Cooperative's NuMart Convenience Stores

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02/15/2011 | 06:55pm CEST

Casey's General Stores, Inc. (Nasdaq: CASY) today announced that it has signed a definitive purchase agreement to acquire 11 convenience stores from NuWay Cooperative of Trimont, Minnesota. All of the stores are located in Minnesota operating under the NuMart banner and will be immediately rebranded to Casey's.

?We are excited about this opportunity. These are well maintained locations that fit perfectly with the Company's business model of operating in smaller rural communities and further strengthens our existing market presence in southern Minnesota,? said Robert J. Myers, President and CEO.

The Company expects this acquisition to be immediately accretive to earnings and provide further earnings enhancements as operating efficiencies are realized and the prepared food program is added.

The acquisition is subject to certain regulatory approvals and other customary closing conditions. The transaction is expected to close during the Company's fourth fiscal quarter. The acquisition will be funded by existing cash and operating cash flow.

Casey's General Stores, Inc.
Bill Walljasper, 515-965-6505


© Business Wire 2011
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Financials ($)
Sales 2018 8 471 M
EBIT 2018 312 M
Net income 2018 175 M
Debt 2018 1 009 M
Yield 2018 0,92%
P/E ratio 2018 23,28
P/E ratio 2019 20,93
EV / Sales 2018 0,60x
EV / Sales 2019 0,53x
Capitalization 4 069 M
Chart CASEY'S GENERAL STORES INC
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Casey's General Stores Inc Technical Analysis Chart | CASY | US1475281036 | 4-Traders
Technical analysis trends CASEY'S GENERAL STORES INC
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 120 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Terry W. Handley President, Chief Executive Officer & Director
Robert J. Myers Chairman
John C. Soupene Senior Vice President-Operations
William J. Walljasper Chief Financial Officer & Senior Vice President
Rich T. Schappert Vice President-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
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CARREFOUR-7.30%18 915
WHOLE FOODS MARKET, INC.35.76%13 345
DAIRY FARM INTERNATIONAL HOLDINGS LTD15.68%11 077