Cass Information Systems (NASDAQ:CASS) Posts Earnings Results, Misses Estimates By $0.10 EPS

Cass Information Systems (NASDAQ:CASS) issued 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 return on equity of 9.92% and a net margin of 11.52%.

Cass Information Systems Trading Down 0.9 %

CASS stock opened at $41.10 on Friday. The company has a market capitalization of $557.73 million, a P/E ratio of 24.76 and a beta of 0.73. The business has a 50 day simple moving average of $42.38 and a 200-day simple moving average of $42.02. Cass Information Systems has a twelve month low of $37.99 and a twelve month high of $50.25.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on shares of 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.