Q3 EPS Estimate for Casey's General Stores Lifted by Analyst

Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) - Analysts at Zacks Research lifted their Q3 2026 earnings per share (EPS) estimates for 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 $2.82 per share for the quarter, up from their previous estimate of $2.77. 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' FY2026 earnings at $15.70 EPS and FY2028 earnings at $18.95 EPS.

A number of other equities research analysts have also commented on the stock. The Goldman Sachs Group upped their price target on shares of Casey's General Stores from $385.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 11th. Stephens reaffirmed an "overweight" rating and set a $490.00 price objective on shares of Casey's General Stores in a research note on Tuesday, June 10th. Wall Street Zen raised Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. KeyCorp boosted their price target on Casey's General Stores from $500.00 to $550.00 and gave the company an "overweight" rating in a report on Wednesday, June 11th. Finally, Evercore ISI increased their price objective on Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Casey's General Stores presently has a consensus rating of "Moderate Buy" and an average target price of $453.00.

Casey's General Stores Trading Down 0.2%

Shares of NASDAQ:CASY traded down $1.08 during trading on Wednesday, reaching $504.06. 26,839 shares of the company traded hands, compared to its average volume of 301,569. The company has a current ratio of 0.92, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69. Casey's General Stores has a 52-week low of $350.52 and a 52-week high of $514.32. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of 34.36, a P/E/G ratio of 2.54 and a beta of 0.65. The business's fifty day moving average is $463.26 and its 200-day moving average is $431.14.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last posted its quarterly 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 business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.95 billion. Casey's General Stores had a return on equity of 16.28% and a net margin of 3.43%. Casey's General Stores's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $2.34 EPS.

Institutional Trading of Casey's General Stores

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

Insider Transactions at Casey's General Stores

In other news, CEO Darren M. Rebelez sold 20,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $507.83, for a total value of $10,156,600.00. Following the sale, the chief executive officer now directly owns 89,840 shares of the company's stock, valued at approximately $45,623,447.20. This represents a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Katrina S. Lindsey sold 2,000 shares of Casey's General Stores stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $506.07, for a total value of $1,012,140.00. Following the completion of the transaction, the insider now directly owns 4,636 shares of the company's stock, valued at approximately $2,346,140.52. This represents a 30.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,136 shares of company stock valued at $21,860,121 in the last three months. 0.56% of the stock is currently owned by company insiders.

Casey's General Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 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 0.45%. The ex-dividend date of this dividend is Friday, August 1st. This is a boost from Casey's General Stores's previous quarterly dividend of $0.50. Casey's General Stores's payout ratio is 13.66%.

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.