Cass Information Systems (CASS) Expected to Announce Earnings on Thursday

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

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate 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

CASS stock opened at $41.03 on Thursday. The firm has a market cap of $552.47 million, a P/E ratio of 29.73 and a beta of 0.49. Cass Information Systems has a 1 year low of $37.99 and a 1 year high of $47.55. The stock has a 50-day simple moving average of $42.98 and a 200-day simple moving average of $42.52.

Cass Information Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.02%. Cass Information Systems’s 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.