Zacks Research Has Positive Forecast for CASY Q1 Earnings

Key Points

• Zacks Research has upgraded its Q1 2027 earnings estimate for Casey's General Stores from $5.32 to $6.20 per share, with a full-year estimate of $13.94 per share.
• Casey's stock price target has been raised by several firms, including BMO Capital Markets and KeyCorp, with an average target price of $529.10 and a consensus rating of "Moderate Buy."
• The company reported a 11.5% year-over-year increase in quarterly revenue to $4.57 billion, exceeding analysts' expectations.

Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) - Zacks Research lifted their Q1 2027 earnings estimates for shares of Casey's General Stores in a research note issued on Monday, September 22nd. Zacks Research analyst Team now anticipates that the company will post earnings of $6.20 per share for the quarter, up from their prior forecast of $5.32. 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' Q1 2028 earnings at $6.76 EPS.

Several other research firms have also recently weighed in on CASY. Wall Street Zen raised shares of Casey's General Stores from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. BMO Capital Markets upped their price target on shares of Casey's General Stores from $515.00 to $540.00 and gave the stock a "market perform" rating in a report on Wednesday, September 10th. KeyCorp upped their price target on shares of Casey's General Stores from $550.00 to $575.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. Royal Bank Of Canada upped their price target 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. Finally, Stephens reissued an "overweight" rating and issued a $530.00 target price on shares of Casey's General Stores in a research note on Tuesday, September 9th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Casey's General Stores currently has an average rating of "Moderate Buy" and a consensus target price of $529.10.

Casey's General Stores Trading Up 0.7%

Casey's General Stores stock opened at $551.08 on Wednesday. The stock has a market cap of $20.49 billion, a P/E ratio of 35.37 and a beta of 0.66. Casey's General Stores has a fifty-two week low of $363.00 and a fifty-two week high of $571.57. The firm's fifty day moving average price is $520.62 and its 200-day moving average price is $479.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.61 and a current ratio of 1.03.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $4.57 billion for the quarter, compared to analysts' expectations of $4.47 billion. Casey's General Stores had a net margin of 3.54% and a return on equity of 16.73%. The business's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.83 earnings per share.

Casey's General Stores Announces Dividend

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

Insider Transactions at Casey's General Stores

In other news, Director Mike Spanos bought 200 shares of the company's stock in a transaction dated Monday, June 30th. The stock was bought at an average cost of $503.18 per share, for a total transaction of $100,636.00. Following the completion of the acquisition, the director owned 3,560 shares in the company, valued at approximately $1,791,320.80. This trade represents a 5.95% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 760 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $507.56, for a total transaction of $385,745.60. Following the sale, the chief financial officer owned 25,994 shares of the company's stock, valued at approximately $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.

Institutional Trading of Casey's General Stores

Several institutional investors and hedge funds have recently bought and sold shares of CASY. Tidal Investments LLC lifted its stake in shares of Casey's General Stores by 12.2% in the 4th quarter. Tidal Investments LLC now owns 662 shares of the company's stock valued at $262,000 after purchasing an additional 72 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of Casey's General Stores during the fourth quarter valued at approximately $79,000. Jefferies Financial Group Inc. boosted its position in shares of Casey's General Stores by 44.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 1,511 shares of the company's stock valued at $599,000 after purchasing an additional 464 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Casey's General Stores by 5.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,875 shares of the company's stock valued at $1,139,000 after purchasing an additional 161 shares in the last quarter. Finally, Fire Capital Management LLC bought a new stake in shares of Casey's General Stores during the fourth quarter valued at approximately $544,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey's General Stores Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.