Q2 EPS Estimate for Casey's General Stores Lifted by Analyst

Key Points

• Analysts at Zacks Research have revised their Q2 2026 earnings forecast for Casey's General Stores to $4.90 per share, slightly up from a previous estimate of $4.88.
• Wells Fargo and Jefferies have both increased their price targets on Casey's General Stores to $580.00 and $600.00, respectively, with multiple analysts recommending a "Buy" rating.
• Casey's General Stores has announced a quarterly dividend of $0.57 per share, with the payment set for November 14th, reflecting an annualized dividend yield of 0.4%.

Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) - Research analysts at Zacks Research upped their Q2 2026 earnings estimates for shares of Casey's General Stores in a report issued on Monday, September 22nd. Zacks Research analyst Team now anticipates that the company will post earnings per share of $4.90 for the quarter, up from their prior forecast of $4.88. The consensus estimate for Casey's General Stores' current full-year earnings is $13.94 per share. Zacks Research also issued estimates for Casey's General Stores' Q3 2026 earnings at $2.52 EPS, Q4 2026 earnings at $2.83 EPS, FY2026 earnings at $16.02 EPS, Q3 2027 earnings at $2.92 EPS, Q4 2027 earnings at $3.25 EPS, FY2027 earnings at $17.80 EPS and FY2028 earnings at $19.40 EPS.

CASY has been the subject of a number of other reports. Wells Fargo & Company raised their price objective on Casey's General Stores from $540.00 to $580.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. Jefferies Financial Group boosted their price target on shares of Casey's General Stores from $575.00 to $600.00 and gave the company a "buy" rating in a research note on Tuesday, September 9th. Royal Bank Of Canada upped their price objective on shares of Casey's General Stores from $468.00 to $542.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 9th. The Goldman Sachs Group lifted their target price on shares of Casey's General Stores from $450.00 to $490.00 and gave the company a "neutral" rating in a report on Wednesday, September 10th. Finally, Evercore ISI boosted their target price on Casey's General Stores from $560.00 to $580.00 and gave the company an "outperform" rating in a research report on Wednesday, September 10th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $529.10.

Casey's General Stores Price Performance

NASDAQ:CASY opened at $547.45 on Tuesday. Casey's General Stores has a 52 week low of $363.00 and a 52 week high of $571.57. The stock's fifty day moving average is $519.96 and its two-hundred day moving average is $479.03. The company has a market capitalization of $20.35 billion, a P/E ratio of 35.14 and a beta of 0.66. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share for the quarter, topping the consensus estimate of $5.02 by $0.75. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.47 billion. Casey's General Stores had a return on equity of 16.73% and a net margin of 3.54%.The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.83 earnings per share.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CASY. Valmark Advisers Inc. lifted its position in Casey's General Stores by 0.5% in the 2nd quarter. Valmark Advisers Inc. now owns 4,404 shares of the company's stock worth $2,247,000 after buying an additional 21 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Casey's General Stores by 0.5% in the second quarter. Panagora Asset Management Inc. now owns 4,147 shares of the company's stock worth $2,116,000 after acquiring an additional 21 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in Casey's General Stores by 4.1% during the first quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company's stock valued at $256,000 after purchasing an additional 23 shares during the last quarter. Burns J W & Co. Inc. NY boosted its position in Casey's General Stores by 2.1% during the first quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company's stock valued at $522,000 after purchasing an additional 25 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in Casey's General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company's stock valued at $812,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 85.63% of the company's stock.

Insider Transactions at Casey's General Stores

In other Casey's General Stores news, Director Mike Spanos purchased 200 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was purchased at an average cost of $503.18 per share, with a total value of $100,636.00. Following the completion of the acquisition, the director directly owned 3,560 shares of the company's stock, valued at $1,791,320.80. This trade represents a 5.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $507.56, for a total transaction of $385,745.60. Following the completion of the transaction, the chief financial officer owned 25,994 shares in the company, valued at $13,193,514.64. This represents a 2.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company's stock.

Casey's General Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, October 31st. Casey's General Stores's dividend payout ratio is currently 14.63%.

About Casey's General Stores

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.

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