FY2024 EPS Estimates for Casey’s General Stores, Inc. (NASDAQ:CASY) Lifted by Analyst

Casey’s General Stores, Inc. (NASDAQ:CASYFree Report) – Zacks Research increased their FY2024 earnings per share estimates for Casey’s General Stores in a report released on Friday, March 22nd. Zacks Research analyst S. Singh now forecasts that the company will post earnings of $12.87 per share for the year, up from their prior forecast of $12.73. The consensus estimate for Casey’s General Stores’ current full-year earnings is $12.88 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q4 2024 earnings at $1.78 EPS, Q1 2025 earnings at $4.56 EPS, Q2 2025 earnings at $4.24 EPS, Q3 2025 earnings at $2.72 EPS, Q4 2025 earnings at $2.50 EPS, FY2025 earnings at $14.02 EPS, Q1 2026 earnings at $5.09 EPS, Q2 2026 earnings at $4.74 EPS, Q3 2026 earnings at $3.07 EPS and FY2026 earnings at $15.68 EPS.

Casey’s General Stores (NASDAQ:CASYGet Free Report) last issued its earnings results on Tuesday, March 12th. The company reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. Casey’s General Stores had a return on equity of 16.70% and a net margin of 3.23%. Casey’s General Stores’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.36 earnings per share.

CASY has been the subject of several other reports. Stephens increased their price objective on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Wells Fargo & Company increased their price objective on Casey’s General Stores from $305.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Benchmark restated a “buy” rating and set a $312.00 target price on shares of Casey’s General Stores in a report on Wednesday, March 6th. StockNews.com cut Casey’s General Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Evercore ISI decreased their target price on Casey’s General Stores from $345.00 to $342.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.56.

Check Out Our Latest Stock Analysis on Casey’s General Stores

Casey’s General Stores Stock Performance

Shares of NASDAQ CASY opened at $316.59 on Monday. The business has a fifty day simple moving average of $291.61 and a 200 day simple moving average of $280.16. The company has a current ratio of 0.89, a quick ratio of 0.42 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.53 and a beta of 0.83. Casey’s General Stores has a one year low of $205.42 and a one year high of $319.98.

Casey’s General Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, April 30th. Casey’s General Stores’s payout ratio is 13.67%.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos bought 725 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were purchased at an average price of $275.43 per share, with a total value of $199,686.75. Following the completion of the purchase, the director now owns 1,791 shares of the company’s stock, valued at approximately $493,295.13. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.47% 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 CASY. Morgan Stanley raised its position in shares of Casey’s General Stores by 430.5% during the fourth quarter. Morgan Stanley now owns 1,141,475 shares of the company’s stock worth $256,090,000 after purchasing an additional 926,324 shares during the period. Norges Bank acquired a new stake in shares of Casey’s General Stores during the fourth quarter worth about $115,799,000. National Bank of Canada FI raised its position in shares of Casey’s General Stores by 1,277.4% during the third quarter. National Bank of Canada FI now owns 454,284 shares of the company’s stock worth $122,067,000 after purchasing an additional 421,302 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in shares of Casey’s General Stores during the second quarter worth about $56,800,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Casey’s General Stores by 152.8% during the first quarter. Goldman Sachs Group Inc. now owns 384,281 shares of the company’s stock worth $76,153,000 after purchasing an additional 232,277 shares during the period. Institutional investors and hedge funds own 85.43% of the company’s stock.

About Casey’s General Stores

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Casey's General Stores (NASDAQ:CASY)

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