Casey’s General Stores (NASDAQ:CASY) Announces Quarterly Earnings Results

Casey’s General Stores (NASDAQ:CASY) issued its earnings results on Tuesday. The company reported $7.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.78 by $0.59, FiscalAI reports. Casey’s General Stores had a net margin of 4.14% and a return on equity of 19.96%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the firm posted $5.77 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis.

Casey’s General Stores Stock Down 14.2%

Shares of CASY opened at $629.03 on Thursday. The business’s 50 day moving average is $822.28 and its 200 day moving average is $786.58. The company has a current ratio of 1.01, a quick ratio of 0.60 and a debt-to-equity ratio of 0.59. Casey’s General Stores has a 12-month low of $497.38 and a 12-month high of $927.85. The company has a market capitalization of $23.28 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 2.50 and a beta of 0.59.

Casey’s General Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be given a dividend of $0.65 per share. The ex-dividend date is Friday, October 30th. This represents a $2.60 annualized dividend and a dividend yield of 0.4%. Casey’s General Stores’s dividend payout ratio (DPR) is currently 13.57%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CASY shares. Capital One Financial assumed coverage on shares of Casey’s General Stores in a report on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 price objective for the company. Stephens reaffirmed an “overweight” rating and set a $975.00 price target on shares of Casey’s General Stores in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Casey’s General Stores from $975.00 to $833.00 and set a “neutral” rating on the stock in a research report on Thursday, September 3rd. Weiss Ratings downgraded Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Evercore restated an “outperform” rating and set a $990.00 target price on shares of Casey’s General Stores in a research note on Friday, June 12th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $901.25.

Insider Activity

In related news, Director Allison M. Wing sold 530 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $837.58, for a total value of $443,917.40. Following the sale, the director directly owned 3,042 shares in the company, valued at approximately $2,547,918.36. The trade was a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad Frazell sold 3,013 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $787.49, for a total value of $2,372,707.37. Following the transaction, the insider owned 9,823 shares of the company’s stock, valued at $7,735,514.27. This represents a 23.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 30,243 shares of company stock valued at $24,421,877. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Casey’s General Stores

A number of hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of Casey’s General Stores by 6.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,871 shares of the company’s stock worth $812,000 after buying an additional 113 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Casey’s General Stores by 129.6% during the first quarter. Geneos Wealth Management Inc. now owns 186 shares of the company’s stock worth $81,000 after acquiring an additional 105 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Casey’s General Stores by 431.7% during the second quarter. EverSource Wealth Advisors LLC now owns 218 shares of the company’s stock valued at $111,000 after purchasing an additional 177 shares during the period. Amundi purchased a new position in shares of Casey’s General Stores in the 2nd quarter worth approximately $338,000. Finally, Jump Financial LLC raised its holdings in Casey’s General Stores by 42.6% during the 2nd quarter. Jump Financial LLC now owns 968 shares of the company’s stock valued at $494,000 after buying an additional 289 shares during the period. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores News Summary

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

• Positive Sentiment: Casey’s reported diluted EPS of $7.37, up 27.7% year over year and ahead of the roughly $6.78 analyst consensus. Revenue rose 24.3% to $5.68 billion, exceeding estimates near $5.56 billion, while net income and EBITDA also increased. Casey’s Announces First Quarter Results
• Positive Sentiment: Stronger fuel margins and inside-category gross profit helped offset higher costs, and management left its full-year outlook unchanged. CASY Q1 Earnings Beat Estimates on Inside and Fuel Gains
• Positive Sentiment: Some analysts defended the stock following the selloff. Stephens reaffirmed an “overweight” rating with a $975 price target, while Wells Fargo maintained “overweight” but reduced its target to $750. Casey’s Is Defended by Analysts After Post-Earnings Slide
• Neutral Sentiment: Casey’s declared a quarterly dividend of $0.65 per share, payable November 13 to shareholders of record November 1. The dividend provides continued income support but represents a relatively modest yield.
• Negative Sentiment: The key disappointment was inside same-store sales growth of 3.2%, which slowed from the prior year and fell short of investor expectations. That raised concerns about underlying demand and future growth, overshadowing the headline earnings beat. Casey’s Same-Store Sales Growth Declines Despite Higher Revenue
• Negative Sentiment: Investors viewed the quarter as a solid result against demanding expectations: earnings growth benefited from fuel margins, while operating trends suggested some deceleration. Shares fell as the market reassessed Casey’s premium valuation and near-term growth prospects. Casey’s Q1: Good Quarter, Tough Expectations

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.