CASS - Cass Information Systems, Inc.
| Previous Close | 33.57 |
| Open | 33.20 |
| Bid | 32.29 x 1100 |
| Ask | 32.52 x 1100 |
| Day's Range | 32.52 - 35.00 |
| 52 Week Range | 28.85 - 60.97 |
| Volume | 68,230 |
| Avg. Volume | 58,641 |
| Market Cap | 478.754M |
| Beta (5Y Monthly) | 0.59 |
| PE Ratio (TTM) | 15.94 |
| EPS (TTM) | 2.07 |
| Earnings Date | Apr 20, 2020 - Apr 26, 2020 |
| Forward Dividend & Yield | 1.08 (3.22%) |
| Ex-Dividend Date | Mar 01, 2020 |
| 1y Target Est | N/A |
- Simply Wall St.
How Does Cass Information Systems's (NASDAQ:CASS) P/E Compare To Its Industry, After The Share Price Drop?
To the annoyance of some shareholders, Cass Information Systems (NASDAQ:CASS) shares are down a considerable 34% in...
- Benzinga
Cass Data Weak In February, Truckload Recovery Expectations Pushing Outward
Negative trends in the transportation markets continued in February, according to freight data released by payment management solutions provider, Cass Information Systems Inc. (NASDAQ: CASS).The Cass Freight Index fell again in February as the shipments index declined 7.5% year-over-year (y/y) with the expenditures index declining 6.8% for the month.In January, the report's author and Stifel Financial (NYSE: SF) equity research analyst David Ross was hopeful for a second quarter snapback as supply chains recovered from coronavirus-related disruption and import activity increased. A month later, that hope has somewhat diminished."This certainly puts some doubt around our view that the second quarter of 2020 could see actual y/y growth in domestic U.S. shipments and freight costs, as traditional seasonal freight patterns may not hold," stated Ross. "We are hearing Chinese manufacturing activity is picking back up but at below-average levels. And then there is the issue of moving the goods produced out of the country and to the U.S., which may be limited by airfreight capacity, truck capacity, and/or container capacity."The positives, so to speak, were that the y/y declines in February were less severe than those seen in January and that shipment volumes improved 6.2% sequentially from January, which was in line with recent historical seasonality trends. For the last five years, the shipments index has improved 6.13% on average from January to February.Further, Ross suggests that U.S. transportation markets entered 2020 with a bit of a headwind due to "elevated inventories," which he now believes are bleeding off rapidly and may require restocking "before too long."Ross said that he will be looking to the airfreight markets for the first signs of recovery as retailers and manufacturers look to quickly replenish supply. Ross is calling for "at least a short period of large yield spikes for cargo capacity" as demand returns. He said that recent increases in airfreight yields have more to do with the lack of available cargo belly space throughout the market than improved demand.While Ross suggested that January could have been the bottom for this cycle, he left open the potential for a "double dip or at least a delay in improvements," noting a 23% y/y decline in imports at the Port of Los Angeles in February. In recent days, FreightWaves has seen outbound tender truckload (TL) volumes inflect positively on a y/y comparison as many retailers have been replenishing their shelves given the run on household supplies caused by the outbreak.Outbound Tender Volume Index (USA) – SONAR: OTVI.USAThe expenditures index was up 4.3% sequentially in February, but lagged the average seasonal improvement of 4.8% normally seen from January to February. Ross expects near-term pricing to remain soft, but still believes that increased regulation in the trucking industry as well as cost inflation will result in a purge of TL capacity from the market. A potential lack of capacity and the expectation for inventory restocking, should "drive rates higher again at some point this year."The Cass TL Linehaul Index, which measures per-mile linehaul rates, declined 6.1% y/y in February, similar to the rate of decline reported during January.Ross said that he is now looking at demand as the driver for rate increases in 2020. He expects TL capacity to continue to exit the market, but indicated that the timing of the potential rate improvement, which many industry participants believed to be mid-2020 prior to the outbreak, is more dependent on volumes.Further, he said that given the weakness in the linehaul index, which is closely correlated with yield results reported from the public TL carriers, it "looks like another weak first quarter ahead" for the group.Lastly, the Cass Intermodal Price Index, which measures total per-mile cost for the "smaller intermodal market," saw its largest y/y decline of this cycle at 5.1%. Depressed container import activity has resulted in declines in intermodal rail shipments. According to the latest weekly report published by the Association of American Railroads, U.S. intermodal rail traffic is down 7.7% year-to-date compared to the same period in 2019.Ross expects intermodal pricing to rebound once TL pricing improves.Cass processes more than $28 billion in freight payables on behalf of its clients annually.Image Sourced from PixabaySee more from Benzinga * Seafood Shipping Concerns Rise Amid Coronavirus Outbreaks * Show Organizers Cancel MATS Amid Coronavirus Threat * Trucking Stocks Are Doing About As Miserable As The Broader Stock Market(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- Simply Wall St.
Be Sure To Check Out Cass Information Systems, Inc. (NASDAQ:CASS) Before It Goes Ex-Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Cass...
- Simply Wall St.
Why We’re Not Impressed By Cass Information Systems, Inc.’s (NASDAQ:CASS) 5.3% ROCE
Today we are going to look at Cass Information Systems, Inc. (NASDAQ:CASS) to see whether it might be an attractive...
- Benzinga
January Brings Accelerated Declines For Cass Freight Volumes And Expenditures
The Cass Freight Index fell again in January, reporting the highest year-over-year declines of this freight cycle. The shipments component of the index fell 9.4% year-over-year, the biggest one-month decline ...
- Benzinga
Cass Reports Record 2019 Despite Fourth-Quarter Decline In Transportation Invoices
Invoice payment and information services provider Cass Information Systems Inc. (NASDAQ: CASS) reported a 6% year-over-year decline in transportation-related invoice and dollar volumes during the fourth quarter of 2019. The St. Louis-based company stated that the decline was largely due to a tough comparison from the fourth quarter of 2018 as well as weakness in the industrial segments. Transaction volumes in those segments declined 11% year-over-year with only a 2% decline in dollar volume.
- Simply Wall St.
Is Cass Information Systems, Inc.'s (NASDAQ:CASS) 13% ROE Worse Than Average?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Simply Wall St.
Should Cass Information Systems, Inc. (NASDAQ:CASS) Be Part Of Your Dividend Portfolio?
Is Cass Information Systems, Inc. (NASDAQ:CASS) a good dividend stock? How can we tell? Dividend paying companies with...
- Insider Monkey
Hedge Fund Interest In Cass Information Systems (CASS) Cooling Off
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
- Benzinga
Cass Partners Helping Enhance Industry Analysis
Freight payment services provider Cass Information Systems Inc. (NASDAQ: CASS) announced new partnerships designed to enhance the reporting and data methodology of its Cass Transportation Indexes. Cass has partnered with financial services firm Stifel Financial Corp. (NYSE: SF) to author the new Cass Transportation Indexes Report. Cass stated that the report will be a new version of its current Cass Freight Index Report.
- GlobeNewswire
Cass Information Systems and Stifel Partner to Publish Monthly Transportation Indexes Report
Cass Information Systems, Inc. (CASS), the leading provider of freight payment services and publisher of several transportation indexes, has partnered with financial services firm Stifel (SF) to author its new Cass Transportation Indexes Report. The report, which will be an adaptation of the existing Cass Freight Index Report, will provide context and analysis for Cass’s three indexes – the Cass Freight Index®, Cass Truckload Linehaul Index®, and Cass Intermodal Price Index®. While the Cass Freight Index measures North American freight volumes, the two mode-specific indexes follow changes in shipping costs.
- Simply Wall St.
Do Cass Information Systems's (NASDAQ:CASS) Earnings Warrant Your Attention?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
- GlobeNewswire
Cass Information Systems and the University of Tennessee’s Global Supply Chain Institute Announce Partnership
The Global Supply Chain Institute at the University of Tennessee, Knoxville’s Haslam College of Business is partnering with freight audit & payment provider Cass Information Systems, Inc. (CASS) to support two of Cass’s well-known transportation indexes—the Cass Truckload Linehaul Index® and the Cass Intermodal Price Index®. Since 2011, they have become valuable resources for shippers, carriers, and others interested in freight market dynamics. In collaboration with Cass, UT’s Global Supply Chain Institute has created an enhanced calculation logic and methodology for both indexes.
- Simply Wall St.
Introducing Cass Information Systems (NASDAQ:CASS), A Stock That Climbed 63% In The Last Five Years
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
- Insider Monkey
Hedge Funds Have Never Been More Bullish On Cass Information Systems, Inc. (CASS)
We can judge whether Cass Information Systems, Inc. (NASDAQ:CASS) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their […]
- Simply Wall St.
Is Cass Information Systems, Inc.'s (NASDAQ:CASS) CEO Being Overpaid?
In 2008 Eric Brunngraber was appointed CEO of Cass Information Systems, Inc. (NASDAQ:CASS). This report will, first...
- Simply Wall St.
Calculating The Intrinsic Value Of Cass Information Systems, Inc. (NASDAQ:CASS)
Today we will run through one way of estimating the intrinsic value of Cass Information Systems, Inc. (NASDAQ:CASS) by...
- Simply Wall St.
Is Cass Information Systems, Inc. (NASDAQ:CASS) Investing Your Capital Efficiently?
Today we'll look at Cass Information Systems, Inc. (NASDAQ:CASS) and reflect on its potential as an investment...
- Benzinga
Cass Predicts Economic Contraction After Eighth Consecutive Month Of Shipping Declines
The July Cass Information Systems Inc. Freight Shipments Index sounded dire warnings for an economic contraction following the eighth consecutive month of negative year-over-year numbers. "The shipments ...
- Simply Wall St.
Here's How P/E Ratios Can Help Us Understand Cass Information Systems, Inc. (NASDAQ:CASS)
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll show how you can...
