Zacks Research Issues Pessimistic Outlook for CASY Earnings

Casey’s General Stores, Inc. (NASDAQ:CASY) – Equities research analysts at Zacks Research lowered their Q1 2026 earnings estimates for Casey’s General Stores in a report issued on Monday, June 23rd. Zacks Research analyst S. Singh now expects that the company will post earnings per share of $4.93 for the quarter, down from their previous 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.

CASY has been the topic of several other research reports. Stephens reiterated an “overweight” rating and set a $490.00 price target on shares of Casey’s General Stores in a research report on Tuesday, June 10th. Evercore ISI upped their target price on shares of Casey’s General Stores from $450.00 to $460.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 1st. KeyCorp increased their price target on shares of Casey’s General Stores from $500.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, June 11th. BMO Capital Markets raised their price target on shares of Casey’s General Stores from $450.00 to $515.00 and gave the company a “market perform” rating in a report on Wednesday, June 11th. Finally, Wells Fargo & Company upped their price objective on Casey’s General Stores from $460.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, June 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $453.00.

Casey’s General Stores Price Performance

Shares of CASY stock opened at $504.01 on Thursday. Casey’s General Stores has a 52 week low of $350.52 and a 52 week high of $514.32. The stock has a market capitalization of $18.74 billion, a PE ratio of 34.43, a PEG ratio of 2.51 and a beta of 0.65. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.48 and a current ratio of 0.92. The stock’s fifty day moving average is $464.14 and its 200-day moving average is $431.73.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings results on Monday, June 9th. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.69. Casey’s General Stores had a return on equity of 16.28% and a net margin of 3.43%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.95 billion. During the same period last year, the firm posted $2.34 EPS. The business’s revenue was up 10.9% on a year-over-year basis.

Casey’s General Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, August 1st. This represents a $2.28 dividend on an annualized basis and a yield of 0.45%. This is a boost from Casey’s General Stores’s previous quarterly dividend of $0.50. Casey’s General Stores’s dividend payout ratio (DPR) is 13.66%.

Insiders Place Their Bets

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 250 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at approximately $1,067,615.43. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Darren M. Rebelez sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $507.83, for a total transaction of $10,156,600.00. Following the completion of the sale, the chief executive officer now owns 89,840 shares of the company’s stock, valued at approximately $45,623,447.20. This represents a 18.21% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,136 shares of company stock worth $21,860,121. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

A number of hedge funds have recently modified their holdings of the business. Flagship Harbor Advisors LLC grew its position in shares of Casey’s General Stores by 4.1% in the 1st quarter. Flagship Harbor Advisors LLC now owns 590 shares of the company’s stock valued at $256,000 after purchasing an additional 23 shares during the period. HighPoint Advisor Group LLC lifted its stake in Casey’s General Stores by 1.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,468 shares of the company’s stock valued at $628,000 after buying an additional 25 shares in the last quarter. Burns J W & Co. Inc. NY boosted its holdings in shares of Casey’s General Stores by 2.1% in the first quarter. Burns J W & Co. Inc. NY now owns 1,204 shares of the company’s stock valued at $522,000 after buying an additional 25 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Casey’s General Stores by 1.4% in the first quarter. Sunbelt Securities Inc. now owns 1,870 shares of the company’s stock valued at $812,000 after buying an additional 26 shares during the period. Finally, Iron Horse Wealth Management LLC increased its position in shares of Casey’s General Stores by 40.0% during the first 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. Institutional investors and hedge funds own 85.63% of the company’s stock.

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.