Zacks Research Research Analysts Raise Earnings Estimates for Casey’s General Stores, Inc. (NASDAQ:CASY)

Casey’s General Stores, Inc. (NASDAQ:CASY) – Research analysts at Zacks Research lifted their FY2024 earnings estimates for shares of Casey’s General Stores in a research note issued to investors on Friday, March 22nd. Zacks Research analyst S. Singh now expects that the company will post earnings per share of $12.87 for the year, up from their prior forecast of $12.73. The consensus estimate for Casey’s General Stores’ current full-year earnings is $12.88 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q4 2024 earnings at $1.78 EPS, Q1 2025 earnings at $4.56 EPS, Q2 2025 earnings at $4.24 EPS, Q3 2025 earnings at $2.72 EPS, Q4 2025 earnings at $2.50 EPS, FY2025 earnings at $14.02 EPS, Q1 2026 earnings at $5.09 EPS, Q2 2026 earnings at $4.74 EPS, Q3 2026 earnings at $3.07 EPS and FY2026 earnings at $15.68 EPS.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Tuesday, March 12th. The company reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. Casey’s General Stores’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.36 earnings per share.

Several other research firms also recently weighed in on CASY. Evercore ISI lifted their price objective on Casey’s General Stores from $345.00 to $355.00 and gave the company an “outperform” rating in a report on Tuesday. Stephens upped their price target on shares of Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Benchmark reissued a “buy” rating and set a $312.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 6th. Royal Bank of Canada boosted their price objective on shares of Casey’s General Stores from $291.00 to $296.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 12th. Finally, BMO Capital Markets increased their target price on Casey’s General Stores from $290.00 to $305.00 and gave the company a “market perform” rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $309.00.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $316.46 on Monday. Casey’s General Stores has a twelve month low of $210.51 and a twelve month high of $324.40. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $292.80 and a two-hundred day simple moving average of $281.24. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.52 and a beta of 0.83.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Money Concepts Capital Corp increased its position in shares of Casey’s General Stores by 62.7% in the 4th quarter. Money Concepts Capital Corp now owns 122 shares of the company’s stock valued at $27,000 after acquiring an additional 47 shares during the period. Point72 Europe London LLP acquired a new position in shares of Casey’s General Stores in the fourth quarter valued at about $27,000. BKM Wealth Management LLC purchased a new position in shares of Casey’s General Stores in the fourth quarter worth about $29,000. Sunbelt Securities Inc. lifted its holdings in shares of Casey’s General Stores by 46.6% during the second quarter. Sunbelt Securities Inc. now owns 129 shares of the company’s stock worth $31,000 after purchasing an additional 41 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new stake in Casey’s General Stores in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Insider Activity

In other Casey’s General Stores news, Director Mike Spanos bought 725 shares of Casey’s General Stores stock in a transaction that occurred on Wednesday, January 3rd. The shares were bought at an average cost of $275.43 per share, with a total value of $199,686.75. Following the transaction, the director now directly owns 1,791 shares of the company’s stock, valued at approximately $493,295.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.47% of the company’s stock.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, April 30th. Casey’s General Stores’s payout ratio is presently 13.67%.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.