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

Casey’s General Stores, Inc. (NASDAQ:CASY) – Equities research analysts at Zacks Research cut their Q1 2025 earnings per share (EPS) estimates for Casey’s General Stores in a report released on Tuesday, June 25th. Zacks Research analyst S. Singh now forecasts that the company will earn $4.52 per share for the quarter, down from their prior forecast of $4.56. The consensus estimate for Casey’s General Stores’ current full-year earnings is $14.18 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q2 2025 earnings at $4.38 EPS, Q3 2025 earnings at $2.68 EPS, Q4 2025 earnings at $2.57 EPS, FY2025 earnings at $14.15 EPS, Q1 2026 earnings at $4.88 EPS, Q3 2026 earnings at $2.95 EPS, Q4 2026 earnings at $2.78 EPS, FY2026 earnings at $15.36 EPS and FY2027 earnings at $16.93 EPS.

Several other equities analysts have also commented on CASY. Jefferies Financial Group increased their target price on shares of Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Royal Bank of Canada lifted their price objective on Casey’s General Stores from $322.00 to $361.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 12th. Wells Fargo & Company increased their target price on Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, June 13th. Northcoast Research cut Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 15th. Finally, Evercore ISI dropped their price objective on Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Casey’s General Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.11.

Casey’s General Stores Trading Up 0.2 %

CASY stock opened at $381.69 on Thursday. The company has a market capitalization of $14.16 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.76 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. Casey’s General Stores has a one year low of $222.21 and a one year high of $389.43. The company’s 50 day moving average price is $338.35 and its two-hundred day moving average price is $308.16.

Casey’s General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. Casey’s General Stores’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $1.49 EPS.

Institutional Investors Weigh In On Casey’s General Stores

Several institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley raised its stake in Casey’s General Stores by 7.7% in the third quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock worth $430,458,000 after buying an additional 113,437 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Casey’s General Stores by 1.4% in the 1st quarter. Janus Henderson Group PLC now owns 768,060 shares of the company’s stock valued at $244,592,000 after purchasing an additional 10,841 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Casey’s General Stores by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 559,532 shares of the company’s stock valued at $151,924,000 after purchasing an additional 18,528 shares in the last quarter. Norges Bank purchased a new stake in Casey’s General Stores in the fourth quarter worth $115,799,000. Finally, Congress Asset Management Co. MA bought a new position in Casey’s General Stores in the first quarter worth $112,081,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

Casey’s General Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.50 per share. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, August 1st. Casey’s General Stores’s payout ratio is presently 12.81%.

About Casey’s General Stores

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.