Zacks Research Has Positive Forecast for CASY Q1 Earnings

Casey’s General Stores, Inc. (NASDAQ:CASY) – Stock analysts at Zacks Research boosted their Q1 2026 earnings per share estimates for shares of Casey’s General Stores in a research note issued to investors 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 prior forecast 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.

CASY has been the topic of several other research reports. StockNews.com lowered shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 8th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $450.00 target price (up previously from $400.00) on shares of Casey’s General Stores in a report on Wednesday, December 18th. Evercore ISI lowered their price target on Casey’s General Stores from $460.00 to $450.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada set a $438.00 price objective on Casey’s General Stores and gave the stock a “sector perform” rating in a research report on Wednesday, March 12th. Finally, Gordon Haskett upgraded Casey’s General Stores from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $423.09.

Casey’s General Stores Price Performance

CASY stock opened at $430.69 on Thursday. The company’s 50-day moving average price is $412.54 and its two-hundred day moving average price is $402.34. The firm has a market cap of $15.99 billion, a P/E ratio of 30.01, a P/E/G ratio of 2.40 and a beta of 0.87. The company has a quick ratio of 0.49, a current ratio of 0.88 and a debt-to-equity ratio of 0.74. Casey’s General Stores has a 12 month low of $306.45 and a 12 month high of $445.17.

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

Casey’s General Stores Dividend Announcement

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 paid a dividend of $0.50 per share. The ex-dividend date is Thursday, May 1st. This represents a $2.00 annualized dividend and a dividend yield of 0.46%. Casey’s General Stores’s payout ratio is 13.94%.

Insider Transactions at Casey’s General Stores

In related news, Director Mike Spanos acquired 256 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the acquisition, the director now owns 3,356 shares of the company’s stock, valued at approximately $1,310,652.24. This trade represents a 8.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Casey’s General Stores by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 3,799,104 shares of the company’s stock valued at $1,505,319,000 after acquiring an additional 44,295 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in Casey’s General Stores by 1.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,776,323 shares of the company’s stock valued at $703,833,000 after purchasing an additional 31,131 shares during the period. FMR LLC boosted its holdings in Casey’s General Stores by 3.8% in the 3rd quarter. FMR LLC now owns 1,046,830 shares of the company’s stock valued at $393,305,000 after purchasing an additional 38,226 shares during the period. JPMorgan Chase & Co. grew its position in shares of Casey’s General Stores by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 758,804 shares of the company’s stock valued at $285,090,000 after purchasing an additional 119,350 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Casey’s General Stores by 29.5% in the fourth quarter. Franklin Resources Inc. now owns 678,778 shares of the company’s stock worth $268,952,000 after purchasing an additional 154,541 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Company Profile

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.