Procore signs multi-year strategic collaboration agreement with AWS
On Tuesday, RBC Capital analysts maintained their Sector Perform rating on Casey’s General (NASDAQ:CASY) Stores stock, keeping the price target at $468.00. The analysts highlighted the company’s strong momentum as it concluded fiscal year 2025, with results largely in line with expectations. The stock, currently trading at $500.49, is near its 52-week high, and according to InvestingPro analysis, appears to be trading above its Fair Value.
Casey’s reported fourth-quarter results that surpassed forecasts, driven primarily by a stronger-than-anticipated gas margin. Earnings per share reached $2.63, which exceeded consensus estimates by 40% and was 20% above the highest street forecast. The gas gross profit accounted for approximately 80% of this difference. The company’s strong performance is reflected in its impressive financial metrics, with annual revenue reaching $15.5 billion and a gross profit margin of 23.3%. InvestingPro subscribers can access 10+ additional key insights about Casey’s financial health and growth potential.
The fiscal year 2026 outlook for Casey’s indicates an EBITDA forecast between $1.2 billion and $1.344 billion, compared to prior estimates and consensus of around $1.34 billion. Analysts noted the company’s valuation premium is supported by its attractive inside-store mix, growth in unit numbers, geographic concentration, and strong operating expense controls.
While the fiscal year 2026 and 2027 EBITDA projections remain largely unchanged, the fiscal year 2026 earnings per share outlook has been revised upward by 1% due to guidance on below-the-line items. The fiscal year 2027 earnings per share estimate remains unchanged.
Casey’s also announced a 14% increase in its dividend, reflecting confidence in its ongoing financial performance and strategic direction. This marks another milestone in the company’s impressive dividend history, having raised dividends for 25 consecutive years and maintained payments for 36 years straight. For detailed analysis of Casey’s financial health and future prospects, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Casey’s General Stores reported strong financial results for the fourth quarter of 2025, surpassing both earnings and revenue forecasts. The company posted an earnings per share (EPS) of $2.63, significantly higher than the expected $2.03, and revenue of $3.99 billion, exceeding the forecasted $3.95 billion. Casey’s demonstrated robust growth in fiscal year 2025, with a 9% rise in diluted EPS to $14.64 and a net income of $547 million. The company also achieved a 13% increase in EBITDA, reaching $1.2 billion, highlighting its strong operational performance. In addition, KeyBanc analysts reiterated their Overweight rating on Casey’s stock, maintaining a price target of $500, following these strong results. The company’s management anticipates EBITDA growth between 10% and 12% for fiscal year 2026, with inside sales projected to grow by 2% to 5%. Casey’s plans to open 80 new stores and anticipates $125 million in share buybacks in the upcoming fiscal year.
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