Cass Information Systems (NASDAQ:CASS – Get Free Report) released its earnings results on Thursday. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10), Zacks reports. Cass Information Systems had a net margin of 11.52% and a return on equity of 9.92%.
Cass Information Systems Price Performance
CASS opened at $41.95 on Thursday. The business has a fifty day simple moving average of $42.51 and a 200 day simple moving average of $42.02. Cass Information Systems has a 1 year low of $37.99 and a 1 year high of $50.25. The company has a market capitalization of $569.23 million, a PE ratio of 24.72 and a beta of 0.73.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler boosted their price target on Cass Information Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th.
Cass Information Systems Company Profile
Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates through two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.
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