Zacks Research Issues Negative Outlook for CASY Earnings

Casey’s General Stores, Inc. (NASDAQ:CASY) – Stock analysts at Zacks Research reduced their Q2 2027 earnings per share (EPS) estimates for Casey’s General Stores in a report issued on Tuesday, September 22nd. Zacks Research analyst Team now anticipates that the company will post earnings of $5.73 per share for the quarter, down from their prior forecast of $6.30. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Casey’s General Stores’ current full-year earnings is $21.43 per share.

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

CASY has been the topic of a number of other research reports. Morgan Stanley raised shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings downgraded shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Capital One Financial began coverage on shares of Casey’s General Stores in a research note on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price on the stock. BMO Capital Markets set a $810.00 target price on shares of Casey’s General Stores in a report on Thursday, September 10th. Finally, The Goldman Sachs Group set a $750.00 target price on shares of Casey’s General Stores in a research report on Wednesday, September 9th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $840.69.

Casey’s General Stores Stock Up 2.1%

CASY opened at $597.31 on Thursday. The firm has a market cap of $22.08 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 1.91 and a beta of 0.59. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.61 and a current ratio of 1.02. The business has a 50 day moving average price of $778.47 and a 200 day moving average price of $781.15. Casey’s General Stores has a twelve month low of $497.38 and a twelve month high of $927.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fiduciary Financial Advisors acquired a new position in shares of Casey’s General Stores during the second quarter valued at about $26,000. Bell Investment Advisors Inc acquired a new stake in Casey’s General Stores during the second quarter worth about $33,000. Anchor Investment Management LLC grew its position 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. Caitlin John LLC bought a new position in Casey’s General Stores during the second quarter valued at about $35,000. Finally, Whipplewood Advisors LLC bought a new position in Casey’s General Stores during the first quarter valued at about $33,000. Institutional investors own 85.63% of the company’s stock.

Insiders Place Their Bets

In related news, Director Allison M. Wing sold 530 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $837.58, for a total transaction of $443,917.40. Following the completion of the transaction, the director directly owned 3,042 shares in the company, valued at $2,547,918.36. This represents a 14.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Darren M. Rebelez sold 19,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer directly owned 89,174 shares of the company’s stock, valued at approximately $71,469,394.04. This trade represents a 17.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,243 shares of company stock valued at $24,421,877 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Casey’s General Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Sunday, November 1st will be issued 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 dividend yield of 0.4%. Casey’s General Stores’s payout ratio is 12.52%.

Trending Headlines about Casey’s General Stores

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

• Positive Sentiment: Zacks raised its EPS forecasts for fiscal 2027 to $21.37 from $21.12, fiscal 2028 to $23.73 from $23.11, and fiscal 2029 to $26.28 from $25.37. These upward full-year revisions provide the strongest bullish signal for CASY. Casey’s General Stores stock coverage
• Positive Sentiment: Quarterly estimates were also increased for Q3 fiscal 2027, Q1 fiscal 2028, Q3 fiscal 2028 and Q1 fiscal 2029. The largest increases were Q1 fiscal 2028, to $7.37 from $6.93, and Q1 fiscal 2029, to $8.11 from $7.55.
• Positive Sentiment: The revisions build on Casey’s recent fundamental momentum: its latest reported quarter exceeded analyst expectations for both earnings and revenue, with revenue rising 24.3% year over year. That backdrop may be supporting investor confidence in continued earnings growth.
• Neutral Sentiment: Zacks kept its Hold recommendation unchanged, indicating that the improved earnings outlook has not yet led the firm to view CASY as clearly undervalued or warranting a Buy rating.
• Negative Sentiment: Some estimates were trimmed, including Q4 fiscal 2027 EPS to $4.25 from $4.28, Q2 fiscal 2028 EPS to $6.72 from $6.83, and Q4 fiscal 2028 EPS to $4.81 from $4.82. These modest reductions temper the otherwise positive revision trend.

About Casey’s General Stores

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.