Cass Information Systems (NASDAQ:CASS – Get Free Report) issued its earnings results on Thursday. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Up 2.7 %
NASDAQ CASS opened at $41.46 on Friday. The firm has a market cap of $562.61 million, a price-to-earnings ratio of 24.98 and a beta of 0.73. Cass Information Systems has a 1-year low of $37.99 and a 1-year high of $50.25. The company has a 50 day moving average of $42.51 and a 200-day moving average of $42.02.
Analysts Set New Price Targets
Separately, Piper Sandler increased their price objective on Cass Information Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note 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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