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

Casey’s General Stores (NASDAQ:CASY) posted 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 business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. Casey’s General Stores had a return on equity of 17.56% and a net margin of 3.83%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 EPS.

Casey’s General Stores Stock Performance

NASDAQ CASY traded up $9.55 during trading hours on Tuesday, hitting $761.18. The company had a trading volume of 1,019,029 shares, compared to its average volume of 518,858. Casey’s General Stores has a fifty-two week low of $481.30 and a fifty-two week high of $901.00. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $789.15 and a 200-day simple moving average of $677.80. The firm has a market cap of $28.13 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61.

Casey’s General Stores News Summary

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

Analysts Set New Price Targets

Several research firms recently issued reports on CASY. KeyCorp upped their price target on Casey’s General Stores from $830.00 to $860.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Wall Street Zen lowered Casey’s General Stores from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Wells Fargo & Company upped their price target on Casey’s General Stores from $745.00 to $910.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. UBS Group upped their price target on Casey’s General Stores from $706.00 to $805.00 and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Casey’s General Stores in a research report on Friday, March 27th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $761.36.

Insider Buying and Selling at Casey’s General Stores

In related news, Director Mike Spanos bought 300 shares of the company’s stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $665.43 per share, with a total value of $199,629.00. Following the completion of the transaction, the director directly owned 4,499 shares of the company’s stock, valued at approximately $2,993,769.57. This represents a 7.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Katrina S. Lindsey sold 200 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $683.04, for a total value of $136,608.00. Following the completion of the sale, the insider directly owned 4,039 shares in the company, valued at $2,758,798.56. This represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Compound Planning Inc. grew its stake in shares of Casey’s General Stores by 8.6% in the fourth quarter. Compound Planning Inc. now owns 977 shares of the company’s stock worth $540,000 after purchasing an additional 77 shares in the last quarter. Invesco Ltd. grew its stake in shares of Casey’s General Stores by 12.6% in the fourth quarter. Invesco Ltd. now owns 572,152 shares of the company’s stock worth $316,234,000 after purchasing an additional 64,154 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Casey’s General Stores by 115.9% in the fourth quarter. Corient Private Wealth LLC now owns 423,666 shares of the company’s stock worth $234,164,000 after purchasing an additional 227,403 shares in the last quarter. Strive Financial Group LLC bought a new position in shares of Casey’s General Stores in the fourth quarter worth $2,017,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Casey’s General Stores by 46.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,167 shares of the company’s stock worth $3,962,000 after purchasing an additional 2,284 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

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.