These Analysts Boost Their Forecasts On Casey's General Stores After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Casey's General Stores, Inc. (NASDAQ:CASY) reported better-than-expected quarterly financial results, with sales and EPS surpassing expectations. The company also increased its quarterly dividend by 16% and provided positive guidance for FY25. Analysts have raised their price targets for the stock following the strong earnings report.
June 13, 2024 | 12:33 pm
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Casey's General Stores reported strong quarterly results, beating sales and EPS expectations. The company also increased its quarterly dividend by 16% and provided positive guidance for FY25. Analysts have raised their price targets, and the stock surged 16.7%.
The strong earnings report, dividend increase, and positive guidance for FY25 are likely to boost investor confidence. The multiple price target upgrades from analysts further support a positive short-term outlook for the stock.
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