Cass Information Systems (CASS) to Release Earnings on Thursday

Cass Information Systems (NASDAQ:CASS) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.60 per share and revenue of $51.49 million for the quarter.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. On average, analysts expect Cass Information Systems to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Cass Information Systems Stock Performance

Shares of CASS opened at $39.94 on Wednesday. Cass Information Systems has a fifty-two week low of $37.99 and a fifty-two week high of $47.14. The firm’s 50-day simple moving average is $42.75 and its two-hundred day simple moving average is $42.48. The stock has a market cap of $537.79 million, a PE ratio of 28.94 and a beta of 0.49.

Cass Information Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a $0.31 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.10%. Cass Information Systems’s dividend payout ratio is currently 89.86%.

About Cass Information Systems

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.