Zacks Research Issues Negative Outlook for CASY Earnings

Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) - Equities research analysts at Zacks Research reduced their Q1 2026 EPS estimates for shares of Casey's General Stores in a research report issued on Monday, June 23rd. Zacks Research analyst S. Singh now anticipates that the company will post earnings of $4.93 per share for the quarter, down from their prior estimate of $5.00. 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' Q2 2026 earnings at $4.88 EPS, Q4 2026 earnings at $3.07 EPS, Q1 2027 earnings at $5.32 EPS, Q2 2027 earnings at $5.43 EPS, Q3 2027 earnings at $3.28 EPS, Q4 2027 earnings at $3.53 EPS and FY2027 earnings at $17.56 EPS.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last issued its earnings results on Monday, June 9th. The company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.69. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. The business's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 earnings per share.

Several other analysts have also recently issued reports on the company. Stephens reaffirmed an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a report on Tuesday, June 10th. Evercore ISI upped their price target on shares of Casey's General Stores from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Tuesday, April 1st. KeyCorp increased their price objective on shares of Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada set a $438.00 price objective on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. Finally, The Goldman Sachs Group upped their target price on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Casey's General Stores has an average rating of "Moderate Buy" and a consensus price target of $453.00.

Casey's General Stores Stock Performance

NASDAQ CASY opened at $505.13 on Thursday. The stock has a market capitalization of $18.78 billion, a PE ratio of 34.50, a P/E/G ratio of 2.54 and a beta of 0.65. The business has a 50 day simple moving average of $463.26 and a two-hundred day simple moving average of $431.14. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.92 and a quick ratio of 0.48. Casey's General Stores has a 1-year low of $350.52 and a 1-year high of $514.32.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc bought a new position in shares of Casey's General Stores during the 1st quarter worth $25,000. Global Financial Private Client LLC lifted its stake in Casey's General Stores by 325.0% in the first quarter. Global Financial Private Client LLC now owns 68 shares of the company's stock worth $30,000 after acquiring an additional 52 shares during the period. Summit Securities Group LLC purchased a new stake in Casey's General Stores in the first quarter worth about $32,000. Iron Horse Wealth Management LLC grew its holdings in Casey's General Stores by 40.0% during the 1st quarter. Iron Horse Wealth Management LLC now owns 91 shares of the company's stock worth $40,000 after acquiring an additional 26 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in Casey's General Stores during the 1st quarter valued at about $47,000. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Casey's General Stores news, insider Katrina S. Lindsey sold 2,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $506.07, for a total value of $1,012,140.00. Following the completion of the sale, the insider now directly owns 4,636 shares of the company's stock, valued at $2,346,140.52. The trade was a 30.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stephen P. Bramlage, Jr. sold 8,478 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $509.21, for a total transaction of $4,317,082.38. Following the transaction, the chief financial officer now directly owns 26,754 shares in the company, valued at approximately $13,623,404.34. This trade represents a 24.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,136 shares of company stock valued at $21,860,121. 0.56% of the stock is currently owned by insiders.

Casey's General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, August 1st. This is a positive change from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's payout ratio is 13.66%.

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.

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