AMCON Distributing (NYSEAMERICAN:DIT) Announces Quarterly Earnings Results

AMCON Distributing (NYSEAMERICAN:DIT) issued its quarterly earnings data on Monday. The company reported $1.12 earnings per share (EPS) for the quarter, FiscalAI reports. AMCON Distributing had a net margin of 0.06% and a return on equity of 1.58%. The firm had revenue of $842.33 million during the quarter.

AMCON Distributing Price Performance

Shares of NYSEAMERICAN DIT opened at $61.17 on Tuesday. The firm has a market cap of $59.94 million, a P/E ratio of 32.25 and a beta of -0.17. The company has a current ratio of 2.75, a quick ratio of 1.05 and a debt-to-equity ratio of 1.46. AMCON Distributing has a 1-year low of $59.15 and a 1-year high of $95.59. The business’s 50 day moving average is $63.86 and its 200-day moving average is $73.48.

AMCON Distributing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.8%. AMCON Distributing’s dividend payout ratio (DPR) is 6.69%.

Institutional Trading of AMCON Distributing

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in AMCON Distributing by 59.2% in the 1st quarter. Empowered Funds LLC now owns 4,789 shares of the company’s stock valued at $426,000 after buying an additional 1,781 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of AMCON Distributing by 50.0% during the first quarter. Renaissance Technologies LLC now owns 14,001 shares of the company’s stock worth $1,260,000 after buying an additional 4,666 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of AMCON Distributing by 49.0% during the first quarter. Dimensional Fund Advisors LP now owns 31,583 shares of the company’s stock worth $2,842,000 after buying an additional 10,393 shares in the last quarter. 11.14% of the stock is currently owned by institutional investors.

AMCON Distributing Company Profile

AMCON Distributing Corp. is a wholesale distributor of consumer products serving convenience stores, tobacco retailers, supermarkets, gas stations, restaurants and other businesses. The company distributes a broad range of products, including cigarettes and other tobacco products, cigars, electronic nicotine products, candy, snacks, beverages, groceries, frozen foods, health and beauty aids, paper products and general merchandise.

AMCON serves customers primarily across the central and western United States through its regional distribution operations.