Cass Information Sys Stock (NASDAQ: CASS)

Cass Information Sys (NASDAQ:CASS) Stock

Cass Information Sys

Cass Information Systems Inc is a provider of payment and information processing services to large manufacturing, distribution and retail enterprises across the United States. The company provides transportation invoice rating, payment processing, auditing, accounting, and transportation information. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility-related expenses. It operates in two segments: Information Services and Banking Services. The firm generates maximum revenue from the Information Services segment.

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Another month passed without signs a recovery in the freight cycle was on the horizon. &#34;Still waiting for it&#34; Cass&#39; April update on volumes and pricing stated.

The shipments component of the Cass Freight Index fell again in the month, down 1.6% seasonally adjusted from March and 4% lower year over year (y/y).

April Cass Data Shows No Improvement in Freight Demand

JBHT

Freight shipments and expenditures in March were largely in line with February, underperforming normal seasonal trends, according to the Cass Freight Index published Monday. The year-over-year (y/y) declines in both data sets eased again during the month.

March shipments were down 2.3% seasonally adjusted from February and 3.6% from the same month last year.

March Freight Metrics Flat with February, Cass Data Shows

Long Ideas

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Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.

More Than $8M Bet On This Real Estate Stock? Check Out These 4 Stocks Insiders Are Buying

Cass Information Systems, Inc - Common Stock

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<p><strong>Cass Information Sys</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) just disclosed its Q4 earnings on Thursday, January 23, 2025 at 08:00 AM.</p>
<p>Here's a brief overview of the earnings report.</p>
<h3>Earnings</h3>
<p>Cass Information Sys missed estimated earnings by -23.0%, reporting an EPS of $0.33 versus an estimate of $0.43.</p>
<p>Revenue was down $365 thousand from the same period last year.</p>
<h3>Earnings History Overview</h3>
<p>In the previous quarter, the company missed on EPS by $0.29, resulting in a 4.0% drop change in the share price the following day.</p>
<p>Here's a look at Cass Information Sys's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.50</td>
<td>0.57</td>
<td>0.59</td>
<td>0.48</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.21</td>
<td>0.32</td>
<td>0.52</td>
<td>0.61</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>49.00M</td>
<td>50.49M</td>
<td>50.79M</td>
<td>48.33M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>50.55M</td>
<td>48.59M</td>
<td>49.68M</td>
<td>50.74M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Cass Information Sys <a href="https://www.benzinga.com/quote/CASS/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings

Cass Information Sys: Q4 Earnings Insights

<p>Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.21 by 57.14 percent. This is a 45.9 percent decrease over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $50.37 million which beat the analyst consensus estimate of $49.48 million by 1.80 percent. This is a 0.72 percent decrease over sales of $50.74 million the same period last year.</p>


Cass Information Sys Q4 EPS $0.33 Beats $0.21 Estimate, Sales $50.37M Beat $49.48M Estimate

<p><i>Partnership demonstrates continued commitment to deliver best practices and global visibility to multinational clients</i></p>


Cass Information Systems And Lupeon Forms Strategic Partnership To Drive Global Growth

<p>Piper Sandler  analyst Frank Schiraldi   maintains Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) with a Overweight and raises the price target from $44 to $45.</p>


Price Target

Analyst Ratings

Piper Sandler Maintains Overweight on Cass Information Sys, Raises Price Target to $45

<p><strong>Shareholders' Equity</strong> - Total shareholders' equity has increased $7.8 million since December 31, 2023 as a result of net income of $14.6 million and a decrease in accumulated other comprehensive loss of $8.4 million, partially offset by dividends of $12.3 million and the repurchase of Company stock of $3.7 million.</p>
<p><strong>Dividend - </strong>The Board of Directors approved an increase in the quarterly dividend from $0.30 to $0.31 per share.</p>


Dividends

Cass Information Systems Increased Quarterly Dividend From $0.30 To $0.31 Per Share

<p>Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.50 by 58 percent. This is a 61.11 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $50.55 million which beat the analyst consensus estimate of $49.00 million by 3.16 percent. This is a 2.70 percent increase over sales of $49.22 million the same period last year.</p>


Cass Information Sys Q3 EPS $0.21 Misses $0.50 Estimate, Sales $50.55M Beat $49.00M Estimate

Cass Information Systems Receives GSA Multiple Award Schedule Contract To Provide Freight Audit And Payment Services For U.S. Government Agencies

<p>Piper Sandler  analyst Frank Schiraldi   reiterates Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) with a Overweight and lowers the price target from $47 to $44.</p>


Reiteration

Piper Sandler Reiterates Overweight on Cass Information Sys, Lowers Price Target to $44

WIIM

Cass Information Systems shares are trading lower after the company reported worse-than-expected Q2 financial results.

<p>Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) reported quarterly earnings of $0.32 per share which missed the analyst consensus estimate of $0.53 by 39.62 percent. This is a 38.46 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $48.59 million which missed the analyst consensus estimate of $49.99 million by 2.80 percent. This is a 0.79 percent increase over sales of $48.21 million the same period last year.</p>


Cass Information Sys Q2 EPS $0.32 Misses $0.53 Estimate, Sales $48.59M Miss $49.99M Estimate

Cass Information Systems Announces Strategic Partnership With FreightWaves SONAR To Enhance Supply Chain Intelligence

<div>Another month passed without signs a recovery in the freight cycle was on the horizon. "Still waiting for it" Cass' April update on volumes and pricing stated.</div>

<p>The shipments component of the Cass Freight Index fell again in the month, down 1.6% seasonally adjusted from March and 4% lower year over year (y/y). The Tuesday data showed volumes were hovering around the late 2023-January 2024 cycle trough. The April reading was the lowest since January, which is typically the slowest part of the year and weaker than normal this year due to severe winter storms.</p>

<p>A later Lunar New Year and the Baltimore bridge collapse were cited as detractors to demand during the month. The report also said additions to private fleets are negatively impacting results at the for-hire fleets.</p>

<p>"Private fleets are now more actively competing for spot freight to fill empty backhauls, lengthening below-trend for-hire demand levels" the report said.</p>

<p>The y/y comparisons for the shipments index get easier in the coming months. The forecast is for the data set to decline 3% y/y in May. A prior forecast called for the index to turn positive by June, but that appears in jeopardy now.</p>

<table><tbody><tr><td><strong>April 2024</strong></td>
			<td><br /><strong>y/y</strong></td>
			<td><br /><strong>2-year</strong></td>
			<td><br /><strong>m/m</strong></td>
			<td><br /><strong>m/m (SA)</strong></td>
		</tr><tr><td>Shipments</td>
			<td>-4.0%</td>
			<td>-6.3%</td>
			<td>-1.3%</td>
			<td>-1.6%</td>
		</tr><tr><td>Expenditures</td>
			<td>-16.8%</td>
			<td>-28.4%</td>
			<td>0.0%</td>
			<td>-1.9%</td>
		</tr><tr><td>TL Linehaul Index</td>
			<td>-3.8%</td>
			<td>-15.6%</td>
			<td>0.1%</td>
			<td>NM</td>
		</tr></tbody></table>

<p>Table: Cass Information Systems (SA – seasonally adjusted)</p>

<p>Cass' expenditures index, which measures all dollars spent on freight including fuel surcharges and accessorial charges, fell 16.8% y/y in April and 1.9% from March on a seasonally adjusted basis. Backing out the decline in shipments implies rates were off 13% y/y in the month, which was the smallest decline in implied rates since last May.</p>

<p>The y/y comps also get easier this summer. The index is expected to decline 16% y/y in the first half of 2024 and 10% for the full year.</p>

<p>The Truckload Linehaul Index, which excludes changes in fuel and accessorial charges, declined 3.8% y/y but ticked 0.1% higher than the March reading.</p>

<p>The TL rate index includes both spot and contract freight. It has largely been flat for the past year.</p>

<p>"With spot rates steady over the past several months, downward pressure on the larger contract market is lessening, with some instances of contract rate increases bucking the downtrend recently" the report said.</p>

<p><strong>Schneider National</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sndr#NYSE">SNDR</a>) was the lone carrier to report improvement in contractual rate negotiations during the first-quarter earnings season. It said contract renewals turned positive in the period for the first time in six quarters, with pricing up by a low-single-digit percentage. However, it was also quick to say that it's "not calling an inflection in the market" yet.</p>

<p>The linehaul index's two-year-stacked comp (to April 2022) was down more than 15%, which was the biggest decline ever recorded in the data set.</p>

<p>"Goldilocks economic conditions of strong growth and disinflation are largely holding, a rising tide which eventually should lift all boats" the report said. "But at the moment, the freight growth being generated by the economy is being handled by railroads and private fleets."</p>

<p>Data used in the indexes is derived from freight bills paid by <strong>Cass Information Systems</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cass#NASDAQ">CASS</a>), a provider of payment management solutions. Cass processes roughly $40 billion in freight payables annually on behalf of customers.</p>

<p><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/05/14/spot-rates-1200x407.jpg" /></p>

<p>Chart: (SONAR - NTIL.USA). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel.</p>

<p>The post <a href="https://www.freightwaves.com/news/april-cass-data-shows-no-improvement-in-freight-demand">April Cass data shows no improvement in freight demand</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>


<p>Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) reported quarterly earnings of $0.52 per share which missed the analyst consensus estimate of $0.59 by 11.86 percent. This is a 1.96 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $49.68 million which missed the analyst consensus estimate of $50.79 million by 2.19 percent. This is a 0.67 percent increase over sales of $49.34 million the same period last year.</p>


Cass Information Sys Q1 EPS $0.52 Misses $0.59 Estimate, Sales $49.68M Miss $50.79M Estimate

<div>Freight shipments and expenditures in March were largely in line with February, underperforming normal seasonal trends, according to the Cass Freight Index published Monday. The year-over-year (y/y) declines in both data sets eased again during the month.</div>

<p>March shipments were down 2.3% seasonally adjusted from February and 3.6% from the same month last year. Without the seasonal adjustment, March volumes were down 0.2% sequentially. However, February did include one extra day this year.</p>

<p>The shipments index now sits 7.5% below the March 2022 level.</p>

<p>Shipments captured by the index, which is trucking-centric, increased approximately 2% seasonally adjusted from the fourth to the first quarter.<br /><script type="text/javascript">
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<div>
<p></p>

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<p>The Monday report pushed back the expectation for a positive volume inflection by one month. The index is expected to decline 2% to 3% y/y in April, turning positive by June.</p>

<table><tbody><tr><td><strong>March 2024</strong></td>
			<td><br /><strong>y/y</strong></td>
			<td><br /><strong>2-year</strong></td>
			<td><br /><strong>m/m</strong></td>
			<td><br /><strong>m/m (SA)</strong></td>
		</tr><tr><td>Shipments</td>
			<td>-3.6%</td>
			<td>-7.5%</td>
			<td>-0.2%</td>
			<td>-2.3%</td>
		</tr><tr><td>Expenditures</td>
			<td>-18.5%</td>
			<td>-28.3%</td>
			<td>0.1%</td>
			<td>-1.3%</td>
		</tr><tr><td>TL Linehaul Index</td>
			<td>-4.7%</td>
			<td>-13.8%</td>
			<td>0.2%</td>
			<td>NM</td>
		</tr></tbody></table>

<p>Table: Cass Information Systems (SA – seasonally adjusted)</p>

<p>Cass' expenditures data set, which measures all dollars spent on freight (including fuel surcharges and accessorial charges), fell 1.3% seasonally adjusted from February to March and 18.5% y/y.</p>

<p>Netting out the change in volumes from the change in freight spend implies actual rates were down 15.4% y/y during the month. The subindex for implied rates has been down y/y by midteens to 21% for 10 consecutive months.<br /><script type="text/javascript">
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<p>Compared to March 2022, total freight expenditures were down 28.3%. The data set is expected to fall 14% y/y in the first half of this year and 9% for the full year.</p>

<p>Cass' truckload linehaul index, which excludes changes in fuel and accessorial charges, increased 0.2% sequentially and was down just 4.7% y/y. The y/y decline was the smallest since December 2022. The TL linehaul index captures changes in both spot and contract rates.</p>

<p>The subindex was down 13.8% on a two-year comparison but has been in a "very tight range" for the past nine months.</p>

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<p>"With spot rates steady over the past several months, downward pressure on the larger contract market is lessening, with some instances of contract rate increases bucking the downtrend recently" the report said.</p>

<p><a href="https://sonar.surf/chart"><img alt="" src="https://www.freightwaves.com/wp-content/uploads/2024/04/15/spot-rates-1200x415.jpg" /></a></p>

<p>Chart: (SONAR: NTIL.USA). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel.</p>

<p>Cass' March report closes out the first quarter on a down note. In recent weeks, equity analysts have been cutting expectations ahead of the first-quarter earnings season, which <strong>J.B. Hunt Transport Services</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) kicks off Tuesday evening. A tepid backdrop in the overall U.S. industrial complex alongside a massive overhang of available truck capacity appears likely to keep TL rates in check in the near term.</p>

<p>Data used in the Cass indexes is derived from freight bills paid by <strong>Cass</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cass#NASDAQ">CASS</a>), a provider of payment management solutions. Cass processes roughly $40 billion in freight payables annually on behalf of customers.</p>

<p>The post <a href="https://www.freightwaves.com/news/march-freight-metrics-flat-with-february-cass-data-shows">March freight metrics flat with February, Cass data shows</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

<p><strong>Cass Information Sys</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) reported its Q4 earnings results on Thursday, January 25, 2024 at 08:30 AM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Cass Information Sys beat estimated earnings by 27.08%, reporting an EPS of $0.61 versus an estimate of $0.48.</p>
<p>Revenue was up $1.79 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.01 which was followed by a 1.48% drop in the share price the next day.</p>
<p>Here's a look at Cass Information Sys's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.55</td>
<td>0.67</td>
<td>0.70</td>
<td>0.71</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.54</td>
<td>0.52</td>
<td>0.51</td>
<td>0.67</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>48.08M</td>
<td>49.67M</td>
<td>50.98M</td>
<td>49.49M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>49.22M</td>
<td>48.21M</td>
<td>49.34M</td>
<td>48.95M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Cass Information Sys <a href="https://www.benzinga.com/quote/CASS/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Recap: Cass Information Sys Q4 Earnings

<p>Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.48 by 27.08 percent. This is a 8.96 percent decrease over earnings of $0.67 per share from the same period last year.  The company reported quarterly sales of $50.74 million which beat the analyst consensus estimate of $48.33 million by 4.98 percent.  This is a 3.66 percent increase over sales of $48.95 million the same period last year.</p>


Earnings Beats

Cass Information Sys Q4 EPS $0.61 Beats $0.48 Estimate, Sales $50.74M Beat $48.33M Estimate

<p>Although U.S. stocks closed higher on Tuesday, there were a few notable insider trades.</p>
<p>When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.</p>
<p>Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"><em> Benzinga&#39;s insider transactions </em></a> platform.</p>
<h3><strong>Howard Hughes </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Howard Hughes Holdings Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hhh#NYSE">HHH</a>) Director William Ackman <a href="https://www.benzinga.com/quote/DAWN/analyst-ratings"><em> acquired a total of 132,320 shares </em></a> an average price of $67.11. To acquire these shares, it cost around $8.88 million.</li>
<li><strong>What&rsquo;s Happening:</strong> Howard Hughes said it intends to spinoff new division, Seaport Entertainment, to shareholders by year-end 2024.</li>
<li><strong>What Howard Hughes Does:</strong> Howard Hughes Holdings Inc owns, manages, and develops commercial, residential, and mixed-use real estate throughout the USA.</li>
</ul>
<h3><strong>Texas Capital Bancshares </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Texas Capital Bancshares, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcbi#NASDAQ">TCBI</a>) Director Robert Stallings acquired a total of 8,000 shares at an average price of $54.54. To acquire these shares, it cost around $436,320.</li>
<li><strong>What&rsquo;s Happening:</strong> Texas Capital Bancshares posted better-than-expected quarterly results.</li>
<li><strong>What Texas Capital Bancshares Does:</strong> Texas Capital Bancshares Inc is a secured lender, with the majority of the loans held for investment, excluding mortgage finance loans and other national lines of business.</li>
</ul>
<p><em>Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> </em></p>
<h3><strong>Truist Financial </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Truist Financial Corporation </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tfc#NYSE">TFC</a>) Chairman and CEO William Rogers Jr <a href="https://www.benzinga.com/sec/insider-trades/"><em> bought a total of 10,000 shares </em></a> at an average price of $28.05. To acquire these shares, it cost around $280,480.</li>
<li><strong>What&rsquo;s Happening:</strong> Truist Financial said revenues in the third quarter fell 2.7% year-over-year to $5.73 billion, beating the consensus of $5.7 billion.</li>
<li><strong>What Truist Financial Does:</strong> Based in Charlotte, North Carolina, Truist is the combination of BB&amp;T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States.</li>
</ul>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/23/10/35409127/why-the-fear-level-among-us-investors-is-easing"><em> Why The Fear Level Among US Investors Is Easing </em></a></p>
<h3><strong>Cass Information Systems </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Cass Information Systems, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cass#NASDAQ">CASS</a>) President and CEO Martin H Resch <a href="https://www.benzinga.com/sec/insider-trades/"><em> bought a total of 1,000 shares </em></a> at an average price of $36.50. The insider spent around $36,500 to buy those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> The company posted better-than-expected quarterly sales.</li>
<li><strong>What Cass Information Systems Does:</strong> Cass Information Systems Inc is a provider of payment and information processing services to large manufacturing, distribution and retail enterprises across the United States.</li>
</ul>


Cass Information Systems Approved Increase In Quarterly Dividend To $0.30/Share Effective With Dividend Payable On Dec. 15, 2023 To Shareholders Of Record On Dec. 5, 2023.

Buybacks

Cass Information Systems Authorized To Repurchase Up To 500,000 Shares Of Common Stock

<p>Cass Information Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASS#NASDAQ">CASS</a>) reported quarterly earnings of $0.54 per share. This is a 15.62 percent decrease over earnings of $0.64 per share from the same period last year.  The company reported quarterly sales of $49.22 million which beat the analyst consensus estimate of $48.08 million by 2.38 percent.  This is a 4.27 percent increase over sales of $47.20 million the same period last year.</p>


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