Zacks Research Analysts Reduce Earnings Estimates for Casey’s General Stores, Inc. (NASDAQ:CASY)

Casey’s General Stores, Inc. (NASDAQ:CASY) – Stock analysts at Zacks Research decreased their Q1 2025 EPS estimates for Casey’s General Stores in a research report issued to clients and investors on Tuesday, June 25th. Zacks Research analyst S. Singh now expects that the company will earn $4.52 per share for the quarter, down from their previous forecast of $4.56. The consensus estimate for Casey’s General Stores’ current full-year earnings is $14.18 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q2 2025 earnings at $4.38 EPS, Q3 2025 earnings at $2.68 EPS, Q4 2025 earnings at $2.57 EPS, FY2025 earnings at $14.15 EPS, Q1 2026 earnings at $4.88 EPS, Q3 2026 earnings at $2.95 EPS, Q4 2026 earnings at $2.78 EPS, FY2026 earnings at $15.36 EPS and FY2027 earnings at $16.93 EPS.

A number of other research analysts also recently commented on CASY. BMO Capital Markets lifted their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Casey’s General Stores from $375.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Northcoast Research cut shares of Casey’s General Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 15th. StockNews.com cut shares of Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, Royal Bank of Canada lifted their price objective on shares of Casey’s General Stores from $322.00 to $361.00 and gave the stock a “sector perform” rating in a research note on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $380.11.

Casey’s General Stores Stock Performance

Shares of CASY opened at $382.87 on Thursday. The firm has a 50-day moving average of $339.82 and a 200-day moving average of $308.68. Casey’s General Stores has a one year low of $227.96 and a one year high of $389.43. The company has a market cap of $14.21 billion, a PE ratio of 28.51, a price-to-earnings-growth ratio of 2.76 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.87 and a quick ratio of 0.42.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.50 dividend. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.43. This represents a $2.00 annualized dividend and a yield of 0.52%. The ex-dividend date is Thursday, August 1st. Casey’s General Stores’s dividend payout ratio (DPR) is currently 12.81%.

Hedge Funds Weigh In On Casey’s General Stores

Several hedge funds have recently bought and sold shares of CASY. BKM Wealth Management LLC bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in shares of Casey’s General Stores during the 1st quarter valued at approximately $30,000. Advisors Asset Management Inc. bought a new stake in shares of Casey’s General Stores during the 1st quarter valued at approximately $32,000. V Square Quantitative Management LLC bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $35,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Casey’s General Stores during the 4th quarter valued at approximately $36,000. 85.63% of the stock is owned by institutional investors.

About Casey’s General Stores

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.