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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 CET

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 2017 7 605 M
EBIT 2017 367 M
Net income 2017 213 M
Debt 2017 883 M
Yield 2017 0,76%
P/E ratio 2017 22,07
P/E ratio 2018 19,21
EV / Sales 2017 0,72x
EV / Sales 2018 0,63x
Capitalization 4 601 M
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Casey's General Stores Inc Technical Analysis Chart | CASY | US1475281036 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 135 $
Spread / Average Target 15%
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Managers
NameTitle
Terry W. Handley President & Chief Executive Officer
Robert J. Myers Chairman
William J. Walljasper Chief Financial Officer, Senior VP & Head-IR
Rich T. Schappert Vice President-Information Technology
Johnny A. Danos Independent Non-Employee Class III Director
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Sector and Competitors
1st jan.Capitalization (M$)
CASEY'S GENERAL STORES..-1.25%4 601
WAL-MART STORES, INC.-2.88%206 303
ALIMENTATION COUCHE TA..0.25%26 742
CARREFOUR-1.59%18 124
DAIRY FARM INTERNATION..3.11%9 871
WHOLE FOODS MARKET, IN..-0.26%9 771
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