Casey’s General Stores (NASDAQ:CASY) Releases Quarterly Earnings Results, Beats Estimates By $1.01 EPS

Casey’s General Stores (NASDAQ:CASY) announced its quarterly earnings results on Tuesday. The company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.36 by $1.01, Zacks reports. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.33 billion. Casey’s General Stores had a net margin of 3.83% and a return on equity of 17.56%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share.

Casey’s General Stores Price Performance

NASDAQ CASY traded up $9.55 on Tuesday, reaching $761.18. The company’s stock had a trading volume of 1,019,029 shares, compared to its average volume of 512,772. The firm’s 50 day moving average is $789.15 and its two-hundred day moving average is $677.80. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 1.04. The stock has a market cap of $28.13 billion, a PE ratio of 43.15, a PEG ratio of 2.09 and a beta of 0.61. Casey’s General Stores has a twelve month low of $481.30 and a twelve month high of $901.00.

Wall Street Analysts Forecast Growth

CASY has been the subject of several research analyst reports. Jefferies Financial Group upped their price objective on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Casey’s General Stores in a report on Friday, March 27th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $700.00 price objective on shares of Casey’s General Stores in a report on Wednesday, March 4th. The Goldman Sachs Group upped their price objective on shares of Casey’s General Stores from $530.00 to $605.00 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Casey’s General Stores in a report on Thursday, March 26th. They issued a “neutral” rating and a $719.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $761.36.

Insider Activity

In other Casey’s General Stores news, insider Katrina S. Lindsey sold 200 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total transaction of $136,608.00. Following the sale, the insider owned 4,039 shares in the company, valued at approximately $2,758,798.56. The trade was a 4.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mike Spanos acquired 300 shares of the business’s stock in a transaction on Friday, March 13th. The shares were bought at an average price of $665.43 per share, for a total transaction of $199,629.00. Following the acquisition, the director owned 4,499 shares in the company, valued at approximately $2,993,769.57. This trade represents a 7.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.54% of the stock is currently owned by insiders.

Institutional Trading of Casey’s General Stores

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in Casey’s General Stores by 12.6% during the 4th quarter. Invesco Ltd. now owns 572,152 shares of the company’s stock worth $316,234,000 after buying an additional 64,154 shares during the period. Dimensional Fund Advisors LP raised its holdings in Casey’s General Stores by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 461,176 shares of the company’s stock worth $254,921,000 after buying an additional 13,911 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Casey’s General Stores by 115.9% in the 4th quarter. Corient Private Wealth LLC now owns 423,666 shares of the company’s stock valued at $234,164,000 after purchasing an additional 227,403 shares during the period. Northern Trust Corp increased its holdings in shares of Casey’s General Stores by 0.8% in the 3rd quarter. Northern Trust Corp now owns 316,760 shares of the company’s stock valued at $179,071,000 after purchasing an additional 2,579 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Casey’s General Stores by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 305,526 shares of the company’s stock valued at $168,867,000 after purchasing an additional 5,422 shares during the period. Institutional investors and hedge funds own 85.63% of the company’s stock.

Casey’s General Stores News Roundup

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

• Positive Sentiment: Casey’s reported fiscal Q4 earnings of $4.37 per share, well above the $3.36 consensus estimate, with revenue of $4.57 billion also beating expectations. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: The company said diluted EPS rose 66.2% year over year, net income increased 65.5%, and EBITDA climbed 33.2%, signaling broad operational improvement. Casey’s Announces Fourth Quarter and Fiscal Year Results
• Positive Sentiment: Management and media reports highlighted strong demand for whole pizzas, appetizers, sides, and nonalcoholic beverages, suggesting Casey’s food and beverage mix is supporting sales growth. Casey’s General Stores Results Helped by Pizza Sales
• Neutral Sentiment: Analyst previews into the report had expected solid results, with estimates around $3.31 EPS and $4.34 billion in revenue, so some of the upbeat outcome may have been anticipated. Casey’s Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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.