For its first fiscal quarter (ending December 31), AMCON Distributing Co (NYSEAMERICAN: DIT) has reported a -60% decline in E.P.S. from $4.52 a year ago to $1.80 in the current quarter. For the latest four quarters through December 31, E.P.S. were $17.14 versus $28.53 for the same period a year ago — a decline of -40%.
Recent Price Action
AMCON Distributing Co (NYSEAMERICAN: DIT) stock was unchanged 0.0% on 1/18/24. The shares closed at $204.91. However, exceptionally low trading volume at 0% of normal accompanied the flat performance. The stock has performed in line with the market over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
DIT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
AMCON Distributing has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. AMCON Distributing has a slightly positive Appreciation Score of 67 and a neutral Power Rating of 40, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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