Casey's General Stores (NASDAQ:CASY) Announces Earnings Results, Beats Estimates By $1.01 EPS

Key Points

• Casey's General Stores beat earnings expectations, reporting $4.37 EPS versus the $3.36 consensus estimate, a strong upside surprise of $1.01 per share.
• Revenue also topped forecasts, coming in at $4.57 billion compared with analysts’ expectations of $4.33 billion, while sales rose 14.5% year over year.
• The company showed broad profit improvement, with diluted EPS up 66.2%, net income up 65.5%, and EBITDA up 33.2% from the prior year, alongside strength in food and beverage sales.

Casey's General Stores (NASDAQ:CASY - Get Free Report) issued its earnings results on Tuesday. The company reported $4.37 EPS for the quarter, topping the consensus estimate of $3.36 by $1.01, Zacks reports. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey's General Stores had a net margin of 3.83% and a return on equity of 17.56%. The business's revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.63 EPS.

Casey's General Stores Trading Up 1.3%

Shares of NASDAQ:CASY traded up $9.55 during trading on Tuesday, reaching $761.18. 1,019,029 shares of the stock were exchanged, compared to its average volume of 518,858. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. Casey's General Stores has a 12-month low of $481.30 and a 12-month high of $901.00. The firm has a market cap of $28.13 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The firm's 50-day moving average price is $789.15 and its 200 day moving average price is $677.80.

Casey's General Stores News Summary

Here are the key news stories impacting Casey's General Stores this week:

• Positive Sentiment: Casey’s reported fiscal Q4 earnings of $4.37 per share, well above the $3.36 consensus estimate, with revenue of $4.57 billion also beating expectations. Casey's Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: The company said diluted EPS rose 66.2% year over year, net income increased 65.5%, and EBITDA climbed 33.2%, signaling broad operational improvement. Casey's Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Management and media reports highlighted strong demand for whole pizzas, appetizers, sides, and nonalcoholic beverages, suggesting Casey’s food and beverage mix is supporting sales growth. Casey's General Stores Results Helped by Pizza Sales
• Neutral Sentiment: Analyst previews into the report had expected solid results, with estimates around $3.31 EPS and $4.34 billion in revenue, so some of the upbeat outcome may have been anticipated. Casey's Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CASY shares. William Blair began coverage on Casey's General Stores in a research note on Wednesday, May 20th. They set an "outperform" rating for the company. KeyCorp lifted their price target on Casey's General Stores from $830.00 to $860.00 and gave the stock an "overweight" rating in a research note on Friday, April 24th. Jefferies Financial Group lifted their price target on Casey's General Stores from $700.00 to $780.00 and gave the stock a "buy" rating in a research note on Tuesday, March 10th. The Goldman Sachs Group lifted their price target on Casey's General Stores from $530.00 to $605.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. began coverage on Casey's General Stores in a research note on Thursday, March 26th. They set a "neutral" rating and a $719.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $761.36.

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos bought 300 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares of the company's stock, valued at $2,993,769.57. This trade represents a 7.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Katrina S. Lindsey sold 200 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the transaction, the insider owned 4,039 shares of the company's stock, valued at approximately $2,758,798.56. This represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Casey's General Stores

A number of institutional investors and hedge funds have recently bought and sold shares of CASY. Osterweis Capital Management Inc. acquired a new position in shares of Casey's General Stores in the 2nd quarter valued at approximately $45,000. Rossby Financial LCC raised its position in shares of Casey's General Stores by 23.3% in the 4th quarter. Rossby Financial LCC now owns 111 shares of the company's stock valued at $61,000 after purchasing an additional 21 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Casey's General Stores in the 3rd quarter valued at approximately $62,000. Caitong International Asset Management Co. Ltd raised its position in shares of Casey's General Stores by 44.6% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 120 shares of the company's stock valued at $68,000 after purchasing an additional 37 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Casey's General Stores by 129.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 186 shares of the company's stock valued at $81,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 85.63% of the company's stock.

Casey's General Stores Company Profile

Casey's General Stores, Inc NASDAQ: CASY is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company's stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.

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