Brokers Issue Forecasts for Casey’s General Stores, Inc.’s Q1 2025 Earnings (NASDAQ:CASY)

Casey’s General Stores, Inc. (NASDAQ:CASY) – Stock analysts at Zacks Research reduced their Q1 2025 EPS estimates for Casey’s General Stores in a research report issued on Tuesday, June 25th. Zacks Research analyst S. Singh now anticipates that the company will post earnings of $4.52 per share for the quarter, down from their prior estimate of $4.56. The consensus estimate for Casey’s General Stores’ current full-year earnings is $14.20 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q2 2025 earnings at $4.38 EPS, Q3 2025 earnings at $2.68 EPS, Q4 2025 earnings at $2.57 EPS, FY2025 earnings at $14.15 EPS, Q1 2026 earnings at $4.88 EPS, Q3 2026 earnings at $2.95 EPS, Q4 2026 earnings at $2.78 EPS, FY2026 earnings at $15.36 EPS and FY2027 earnings at $16.93 EPS.

Several other research firms also recently issued reports on CASY. Evercore ISI decreased their price objective on shares of Casey’s General Stores from $350.00 to $345.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Jefferies Financial Group raised their price target on Casey’s General Stores from $342.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Casey’s General Stores from $375.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. BMO Capital Markets raised their target price on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. Finally, Wells Fargo & Company upped their price target on shares of Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $380.11.

Casey’s General Stores Stock Performance

Shares of Casey’s General Stores stock opened at $381.56 on Thursday. The firm has a market capitalization of $14.16 billion, a P/E ratio of 28.41, a P/E/G ratio of 2.76 and a beta of 0.83. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 0.52. Casey’s General Stores has a 52 week low of $234.88 and a 52 week high of $389.43. The firm’s 50 day moving average is $341.24 and its two-hundred day moving average is $309.43.

Casey’s General Stores (NASDAQ:CASY) last released its quarterly earnings data on Tuesday, June 11th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.47 billion. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.49 EPS.

Institutional Trading of Casey’s General Stores

Several institutional investors and hedge funds have recently made changes to their positions in CASY. Norges Bank purchased a new position in shares of Casey’s General Stores in the 4th quarter worth about $115,799,000. Congress Asset Management Co. MA acquired a new stake in shares of Casey’s General Stores in the 1st quarter valued at about $112,081,000. Point72 Asset Management L.P. grew its stake in Casey’s General Stores by 561.7% in the fourth quarter. Point72 Asset Management L.P. now owns 273,168 shares of the company’s stock worth $75,050,000 after purchasing an additional 231,887 shares in the last quarter. Principal Financial Group Inc. raised its stake in Casey’s General Stores by 113.0% during the first quarter. Principal Financial Group Inc. now owns 291,838 shares of the company’s stock valued at $92,936,000 after buying an additional 154,803 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Casey’s General Stores by 7.7% during the third quarter. Morgan Stanley now owns 1,585,359 shares of the company’s stock worth $430,458,000 after purchasing an additional 113,437 shares during the last quarter. 85.63% of the stock is currently owned by hedge funds and other institutional investors.

Casey’s General Stores Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.50 dividend. This is a positive change from Casey’s General Stores’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $2.00 annualized dividend and a yield of 0.52%. Casey’s General Stores’s dividend payout ratio is 14.89%.

Casey’s General Stores Company Profile

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.