Q3 EPS Estimate for Casey’s General Stores Lifted by Analyst

Casey’s General Stores, Inc. (NASDAQ:CASY) – Zacks Research raised their Q3 2027 earnings per share (EPS) estimates for Casey’s General Stores in a research note issued on Tuesday, September 22nd. Zacks Research analyst Team now expects that the company will earn $4.02 per share for the quarter, up from their previous estimate of $4.00. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Casey’s General Stores’ current full-year earnings is $21.40 per share. Zacks Research also issued estimates for Casey’s General Stores’ Q4 2027 earnings at $4.25 EPS, FY2027 earnings at $21.37 EPS, Q1 2028 earnings at $7.37 EPS, Q2 2028 earnings at $6.72 EPS, Q3 2028 earnings at $4.83 EPS, Q4 2028 earnings at $4.81 EPS, FY2028 earnings at $23.73 EPS, Q1 2029 earnings at $8.11 EPS and FY2029 earnings at $26.28 EPS.

CASY has been the subject of several other research reports. Weiss Ratings lowered shares of Casey’s General Stores from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group set a $750.00 target price on Casey’s General Stores in a report on Wednesday, September 9th. Capital One Financial assumed coverage on shares of Casey’s General Stores in a research report on Monday, June 22nd. They issued an “equal weight” rating and a $896.00 target price for the company. Royal Bank Of Canada reduced their price objective on Casey’s General Stores from $913.00 to $910.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 9th. Finally, BMO Capital Markets set a $810.00 price target on Casey’s General Stores in a research note on Thursday, September 10th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Casey’s General Stores presently has an average rating of “Moderate Buy” and a consensus price target of $840.69.

Casey’s General Stores Stock Down 0.1%

Shares of Casey’s General Stores stock opened at $584.83 on Wednesday. The stock has a market capitalization of $21.62 billion, a P/E ratio of 28.17, a PEG ratio of 1.91 and a beta of 0.59. The stock has a 50 day moving average price of $782.70 and a two-hundred day moving average price of $781.67. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. Casey’s General Stores has a 12-month low of $497.38 and a 12-month high of $927.85.

Casey’s General Stores (NASDAQ:CASY) last posted 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 net margin of 4.14% and a return on equity of 19.68%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the previous year, the business posted $5.77 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year.

Casey’s General Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Sunday, November 1st will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, October 30th. Casey’s General Stores’s dividend payout ratio is 12.52%.

Insiders Place Their Bets

In other news, insider Katrina S. Lindsey sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $800.00, for a total value of $1,600,000.00. Following the transaction, the insider owned 6,668 shares in the company, valued at $5,334,400. This trade represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad Frazell sold 3,013 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $787.49, for a total transaction of $2,372,707.37. Following the completion of the sale, the insider owned 9,823 shares of the company’s stock, valued at approximately $7,735,514.27. The trade was a 23.47% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 30,243 shares of company stock valued at $24,421,877. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Casey’s General Stores

Several large investors have recently modified their holdings of CASY. Security National Bank of Sioux City Iowa IA purchased a new position in Casey’s General Stores during the second quarter valued at $119,000. Anchor Investment Management LLC raised its stake in Casey’s General Stores by 72.0% during the 2nd quarter. Anchor Investment Management LLC now owns 43 shares of the company’s stock worth $34,000 after acquiring an additional 18 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Casey’s General Stores by 3.8% in the second quarter. Sequoia Financial Advisors LLC now owns 4,244 shares of the company’s stock worth $3,373,000 after purchasing an additional 156 shares during the period. National Pension Service increased its stake in shares of Casey’s General Stores by 3,138.9% in the second quarter. National Pension Service now owns 67,466 shares of the company’s stock worth $53,621,000 after purchasing an additional 65,383 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in Casey’s General Stores in the 2nd quarter worth $1,907,000. Hedge funds and other institutional investors 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: Zacks Research raised several forward earnings estimates. The firm increased its forecasts for Q3 2027 EPS to $4.02 from $4.00, Q1 2028 EPS to $7.37 from $6.93, Q3 2028 EPS to $4.83 from $4.53, FY2027 EPS to $21.37 from $21.12, FY2028 EPS to $23.73 from $23.11, Q1 2029 EPS to $8.11 from $7.55, and FY2029 EPS to $26.28 from $25.37. These revisions point to stronger longer-term earnings expectations. Zacks Research estimate updates for Casey’s General Stores
• Positive Sentiment: Technical conditions may support a rebound. Zacks said Casey’s has become oversold after its sharp recent decline, indicating that selling pressure may be becoming exhausted. The report also cited broad upward revisions to earnings estimates as a possible catalyst for a trend reversal. After plunging 28.5 percent in four weeks, here’s why the trend might reverse for Casey’s
• Neutral Sentiment: Zacks maintained a Hold rating. Despite the improved long-term forecasts, Zacks continues to rate CASY “Hold,” suggesting the revisions are not yet strong enough to warrant a more bullish recommendation. The current-year consensus EPS estimate remains $21.40.
• Negative Sentiment: Some quarterly estimates were trimmed. Zacks reduced its Q4 2027 EPS forecast to $4.25 from $4.28, Q2 2028 EPS to $6.72 from $6.83, and Q4 2028 EPS to $4.81 from $4.82. These modest cuts indicate some unevenness in the near-term earnings outlook.

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.