Zacks Research Issues Positive Estimate for CASY Earnings

Casey’s General Stores, Inc. (NASDAQ:CASY) – Zacks Research increased their Q3 2027 earnings per share (EPS) estimates for Casey’s General Stores in a research note issued to investors on Tuesday, September 22nd. Zacks Research analyst Team now expects that the company will earn $4.02 per share for the quarter, up from their prior estimate of $4.00. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Casey’s General Stores’ current full-year earnings is $21.40 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q4 2027 earnings at $4.25 EPS, FY2027 earnings at $21.37 EPS, Q1 2028 earnings at $7.37 EPS, Q2 2028 earnings at $6.72 EPS, Q3 2028 earnings at $4.83 EPS, Q4 2028 earnings at $4.81 EPS, FY2028 earnings at $23.73 EPS, Q1 2029 earnings at $8.11 EPS and FY2029 earnings at $26.28 EPS.

Several other research analysts have also issued reports on the company. BNP Paribas Exane dropped their target price on Casey’s General Stores from $1,032.00 to $995.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. BMO Capital Markets set a $810.00 price objective on Casey’s General Stores in a report on Thursday, September 10th. Weiss Ratings lowered shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. UBS Group decreased their target price on shares of Casey’s General Stores from $925.00 to $720.00 and set a “neutral” rating for the company in a research report on Thursday, September 10th. Finally, Wall Street Zen downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $840.69.

Casey’s General Stores Stock Down 0.1%

Shares of CASY opened at $584.83 on Wednesday. The business’s 50 day simple moving average is $782.70 and its 200-day simple moving average is $781.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 0.61. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 1.91 and a beta of 0.59. Casey’s General Stores has a 1 year low of $497.38 and a 1 year high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last released its earnings results on Tuesday, September 8th. The company reported $7.37 earnings per share for the quarter, beating analysts’ consensus estimates of $6.78 by $0.59. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.68%. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter in the previous year, the company earned $5.77 EPS. Casey’s General Stores’s revenue for the quarter was up 24.3% on a year-over-year basis.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 dividend on an annualized basis and a yield of 0.4%. Casey’s General Stores’s dividend payout ratio is currently 12.52%.

Insider Transactions at Casey’s General Stores

In other Casey’s General Stores news, CEO Darren M. Rebelez sold 19,000 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $801.46, for a total transaction of $15,227,740.00. Following the transaction, the chief executive officer owned 89,174 shares of the company’s stock, valued at $71,469,394.04. This trade represents a 17.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chad Frazell sold 3,013 shares of the business’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the transaction, the insider directly owned 9,823 shares in the company, valued at approximately $7,735,514.27. The trade was a 23.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 30,243 shares of company stock worth $24,421,877 over the last quarter. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Security National Bank of Sioux City Iowa IA bought a new stake in Casey’s General Stores during the 2nd quarter worth about $119,000. Anchor Investment Management LLC grew its holdings in Casey’s General Stores by 72.0% during the second quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock worth $34,000 after buying an additional 18 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Casey’s General Stores by 3.8% during the second quarter. Sequoia Financial Advisors LLC now owns 4,244 shares of the company’s stock worth $3,373,000 after acquiring an additional 156 shares in the last quarter. National Pension Service increased its holdings in Casey’s General Stores by 3,138.9% during the 2nd quarter. National Pension Service now owns 67,466 shares of the company’s stock valued at $53,621,000 after purchasing an additional 65,383 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Casey’s General Stores during the 2nd quarter valued at about $1,907,000. Institutional investors and hedge funds own 85.63% of the company’s stock.

Key Headlines Impacting Casey’s General Stores

Here are the key news stories impacting Casey’s General Stores this week:

• Positive Sentiment: Zacks Research raised several forward earnings estimates. The firm increased its forecasts for Q3 2027 EPS to $4.02 from $4.00, Q1 2028 EPS to $7.37 from $6.93, Q3 2028 EPS to $4.83 from $4.53, FY2027 EPS to $21.37 from $21.12, FY2028 EPS to $23.73 from $23.11, Q1 2029 EPS to $8.11 from $7.55, and FY2029 EPS to $26.28 from $25.37. These revisions point to stronger longer-term earnings expectations. Zacks Research estimate updates for Casey’s General Stores
• Positive Sentiment: Technical conditions may support a rebound. Zacks said Casey’s has become oversold after its sharp recent decline, indicating that selling pressure may be becoming exhausted. The report also cited broad upward revisions to earnings estimates as a possible catalyst for a trend reversal. After plunging 28.5 percent in four weeks, here’s why the trend might reverse for Casey’s
• Neutral Sentiment: Zacks maintained a Hold rating. Despite the improved long-term forecasts, Zacks continues to rate CASY “Hold,” suggesting the revisions are not yet strong enough to warrant a more bullish recommendation. The current-year consensus EPS estimate remains $21.40.
• Negative Sentiment: Some quarterly estimates were trimmed. Zacks reduced its Q4 2027 EPS forecast to $4.25 from $4.28, Q2 2028 EPS to $6.72 from $6.83, and Q4 2028 EPS to $4.81 from $4.82. These modest cuts indicate some unevenness in the near-term earnings outlook.

Casey’s General Stores Company Profile

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.