financetom
Business
financetom
/
Business
/
Casey's General Stores Closes Fiscal 2026 With 'Home Run' Amid Strong Execution, RBC Says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Casey's General Stores Closes Fiscal 2026 With 'Home Run' Amid Strong Execution, RBC Says
Jun 10, 2026 8:30 AM

11:08 AM EDT, 06/10/2026 (MT Newswires) -- Casey's General Stores (CASY) closed fiscal 2026 with a "home run" as its strong execution beat macro headwinds and drove fiscal Q4 outperformance, RBC Capital Markets said in a Tuesday note.

The company reported fiscal Q4 earnings of $4.37 per diluted share, up from $2.63 a year earlier, as revenue rose to $4.57 billion from $3.99 billion. RBC noted that the quarter's earnings beat market consensus by 32%, increasing 66% year on year.

Casey's performance demonstrated its "advantaged positioning" in small markets and lower-cost geographies, attractive inside-store mix, and favorable fuel positioning, the investment firm said. Fiscal 2027 outlook also implies sustained momentum with up to a 10% growth in EBITDA, RBC added.

RBC raised its price target on Casey's General Stores to $794 from $792, with a sector perform rating.

Price: 874.11, Change: +112.93, Percent Change: +14.84

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Markel Names Rob Cole as Chief Actuarial Officer
Markel Names Rob Cole as Chief Actuarial Officer
Jul 15, 2024
05:25 PM EDT, 07/15/2024 (MT Newswires) -- Markel's ( MKL ) insurance business said Monday it has appointed Rob Cole as chief actuarial officer. Cole, who was most recently chief actuary of global pricing at American International Group ( AIG ) , will succeed Ron Herrig, who will be retiring at the end of 2024. ...
nVent Electric Files Mixed-Shelf Offering
nVent Electric Files Mixed-Shelf Offering
Jul 15, 2024
05:26 PM EDT, 07/15/2024 (MT Newswires) -- nVent Electric ( NVT ) on Monday filed a registration statement with the US Securities and Exchange Commission for the potential sale of securities from time to time in one or more offerings. The filing covers debt securities, ordinary shares, preferred shares, depositary shares, purchase contracts, warrants, units, and guarantees of debt securities,...
Nano Nuclear Energy Raises $18 Million From Public Offering
Nano Nuclear Energy Raises $18 Million From Public Offering
Jul 15, 2024
05:19 PM EDT, 07/15/2024 (MT Newswires) -- Nano Nuclear Energy ( NNE ) said Monday it closed an $18 million registered underwritten public offering, The portable nuclear microreactor company said it sold 900,000 shares and warrants to purchase 517,500 shares at $20 per share and associated warrant. The Benchmark Company was the book-runner. Price: 23.75, Change: -0.26, Percent Change: -1.09...
Energy Transfer Closes $2.28 Billion WTG Midstream Acquisition to Expand Footprint in Midland Basin
Energy Transfer Closes $2.28 Billion WTG Midstream Acquisition to Expand Footprint in Midland Basin
Jul 15, 2024
05:23 PM EDT, 07/15/2024 (MT Newswires) -- Energy Transfer ( ET ) said Monday it completed the acquisition of WTG Midstream Holdings for $2.28 billion in cash and about 50.8 million newly issued ET units. The acquisition is expected to potentially boost Energy Transfer's ( ET ) distributable cash flow per unit next two years, add about $0.04 per unit...
Copyright 2023-2026 - www.financetom.com All Rights Reserved