AMCON Distributing (NYSEAMERICAN:DIT) Announces Quarterly Earnings Results

AMCON Distributing (NYSEAMERICAN:DITGet Free Report) issued its quarterly earnings data on Monday. The company reported ($2.34) earnings per share (EPS) for the quarter, FiscalAI reports. AMCON Distributing had a return on equity of 0.90% and a net margin of 0.04%.The company had revenue of $715.65 million for the quarter.

AMCON Distributing Stock Performance

NYSEAMERICAN DIT opened at $91.62 on Tuesday. The firm has a market capitalization of $89.79 million, a P/E ratio of 84.31 and a beta of -0.09. The firm’s fifty day moving average price is $81.69 and its two-hundred day moving average price is $77.54. AMCON Distributing has a 1 year low of $63.28 and a 1 year high of $95.59. The company has a current ratio of 2.64, a quick ratio of 0.98 and a debt-to-equity ratio of 1.32.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AMCON Distributing stock. Empowered Funds LLC lifted its holdings in AMCON Distributing Company (NYSEAMERICAN:DITFree Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,008 shares of the company’s stock after acquiring an additional 136 shares during the period. Empowered Funds LLC owned approximately 0.46% of AMCON Distributing worth $333,000 as of its most recent filing with the SEC. 11.14% of the stock is owned by institutional investors.

About AMCON Distributing

(Get Free Report)

AMCON Distributing, headquartered in Brentwood, Tennessee, operates as a wholesale distributor of tobacco, vaping products and convenience store items. The company’s core portfolio includes cigarettes, smokeless tobacco, e-liquids, snacks, beverages and general merchandise. Through its network of regional warehouses and dedicated delivery fleet, AMCON serves convenience stores, independent retailers, gas stations and small grocery outlets, offering daily restocking and inventory management solutions tailored to each customer’s needs.

Covering multiple states across the Southeastern and South Central United States, AMCON maintains distribution points in Tennessee, Georgia, Alabama, Kentucky, Mississippi and portions of Florida and Texas.

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Earnings History for AMCON Distributing (NYSEAMERICAN:DIT)

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