Zacks Research Has Bullish Estimate for CASY Q1 Earnings

Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) - Investment analysts at Zacks Research raised their Q1 2026 earnings per share estimates for shares of Casey's General Stores in a report issued on Tuesday, March 25th. Zacks Research analyst S. Singh now forecasts that the company will post earnings per share of $5.00 for the quarter, up from their previous estimate of $4.70. 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 $5.21 EPS, Q3 2026 earnings at $2.77 EPS, FY2026 earnings at $15.46 EPS, Q1 2027 earnings at $5.45 EPS, Q2 2027 earnings at $5.68 EPS, Q3 2027 earnings at $3.02 EPS and FY2027 earnings at $16.85 EPS.

Several other research firms have also weighed in on CASY. Evercore ISI reduced their price target on shares of Casey's General Stores from $460.00 to $450.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. BMO Capital Markets reiterated a "market perform" rating and issued a $450.00 target price (up from $400.00) on shares of Casey's General Stores in a research note on Wednesday, December 18th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada set a $438.00 price objective on Casey's General Stores and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, StockNews.com downgraded Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Casey's General Stores currently has a consensus rating of "Moderate Buy" and an average price target of $423.09.

Casey's General Stores Stock Performance

NASDAQ:CASY traded up $0.84 during trading on Thursday, reaching $432.84. The company's stock had a trading volume of 129,684 shares, compared to its average volume of 274,420. Casey's General Stores has a 12 month low of $306.45 and a 12 month high of $445.17. The firm has a market cap of $16.07 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The firm has a 50 day moving average of $413.35 and a 200-day moving average of $403.20. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.49 and a current ratio of 0.88.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last announced its earnings results on Tuesday, March 11th. The company reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.57. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.74 billion. Casey's General Stores had a return on equity of 17.17% and a net margin of 3.57%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS.

Hedge Funds Weigh In On Casey's General Stores

A number of institutional investors have recently added to or reduced their stakes in CASY. HighPoint Advisor Group LLC grew its holdings in shares of Casey's General Stores by 1.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company's stock worth $628,000 after purchasing an additional 25 shares in the last quarter. Private Trust Co. NA grew its stake in Casey's General Stores by 1.3% in the 3rd quarter. Private Trust Co. NA now owns 2,072 shares of the company's stock worth $778,000 after buying an additional 27 shares in the last quarter. Dark Forest Capital Management LP increased its holdings in shares of Casey's General Stores by 3.2% in the 4th quarter. Dark Forest Capital Management LP now owns 902 shares of the company's stock worth $357,000 after buying an additional 28 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Casey's General Stores by 24.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 149 shares of the company's stock valued at $59,000 after buying an additional 29 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Casey's General Stores by 3.1% during the 4th quarter. Harbour Investments Inc. now owns 1,002 shares of the company's stock valued at $397,000 after buying an additional 30 shares in the last quarter. 85.63% of the stock is currently owned by institutional investors.

Insider Activity

In other Casey's General Stores news, Director Mike Spanos acquired 256 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $390.54 per share, for a total transaction of $99,978.24. Following the completion of the transaction, the director now owns 3,356 shares of the company's stock, valued at approximately $1,310,652.24. This represents a 8.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

Casey's General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Thursday, May 1st. Casey's General Stores's payout ratio is 13.94%.

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.