Equity research analysts expect Meta Financial Group, Inc. (NASDAQ: CASH – Get a rating) to announce sales of $130.50 million for the current fiscal quarter, Zacks reports. Three analysts have made earnings estimates for Meta Financial Group, with the highest estimate of sales at $132.46 million and the lowest estimate at $127.98 million. Meta Financial Group reported sales of $130.93 million in the same quarter last year, suggesting a negative 0.3% year-over-year growth rate. The company is due to announce its next earnings report on Monday, January 1.
On average, analysts expect Meta Financial Group to post revenue of $586.15 million for the current fiscal year, with estimates ranging from $567.72 million to $622.14 million. of dollars. For the next fiscal year, analysts expect the company to post sales of $653.06 million, with estimates ranging from $638.86 million to $666.14 million. Zacks sales calculations are an average average based on a survey of research companies that track Meta Financial Group.
Meta Financial Group (NASDAQ:CASH- Get a rating) last released its quarterly earnings data on Thursday, April 28. The savings and loan company reported earnings per share of $1.73 for the quarter, missing analyst consensus estimates of $1.88 per ($0.15). The company posted revenue of $193.57 million for the quarter, versus analyst estimates of $201.08 million. Meta Financial Group had a return on equity of 15.34% and a net margin of 26.84%. The company’s revenue increased 3.3% year-over-year. In the same quarter a year earlier, the company posted earnings per share of $1.84.
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A number of brokerages have recently commented on CASH. B. Riley reduced his target price on Meta Financial Group shares from $70.00 to $65.00 in a Tuesday, April 12 research report. Zacks Investment Research downgraded shares of Meta Financial Group from a “buy” rating to a “hold” rating in a Monday, May 2, report. To finish, StockNews.com upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a Wednesday, May 18 report. Two analysts gave the stock a hold rating, two gave the stock a buy rating and one gave the company’s stock a high buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $61.50.
Shares of NASDAQ CASH opened at $38.52 on Wednesday. The company has a 50-day simple moving average of $47.35 and a 200-day simple moving average of $54.66. The stock has a market capitalization of $1.13 billion, a price-earnings ratio of 7.17 and a beta of 0.96. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt ratio of 0.12. Meta Financial Group has a 52-week low of $36.02 and a 52-week high of $65.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Investors of record on Thursday, June 9 will receive a dividend of $0.05. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, June 8. Meta Financial Group’s dividend payout ratio is currently 3.72%.
In other Meta Financial Group news, Executive Vice President Kia S. Tang sold 4,557 shares in a trade dated Monday, April 11. The shares were sold at an average price of $50.09, for a total transaction of $228,260.13. Following the completion of the transaction, the executive vice president now owns 9,477 shares of the company, valued at $474,702.93. The sale was disclosed in a legal filing with the SEC, available at this link. Insiders of the company own 2.00% of the shares of the company.
A number of large investors have recently changed their CASH holdings. Morgan Stanley increased its stake in Meta Financial Group by 54.3% in the second quarter. Morgan Stanley now owns 178,537 shares of the savings and loan company valued at $9,039,000 after acquiring an additional 62,840 shares last quarter. BlackRock Inc. increased its holdings of Meta Financial Group shares by 0.3% in Q3. BlackRock Inc. now owns 4,703,957 shares of the savings and loan company valued at $246,863,000 after acquiring an additional 14,287 shares during the period. Barclays PLC increased its stake in Meta Financial Group shares by 41.1% in the third quarter. Barclays PLC now owns 33,706 shares in the savings and loan company valued at $1,769,000 after acquiring an additional 9,816 shares during the period. Teacher Retirement System of Texas increased its holdings of Meta Financial Group shares by 18.4% in Q3. Teacher Retirement System of Texas now owns 4,933 shares of the savings and loan company valued at $259,000 after acquiring 765 additional shares during the period. Finally, American Century Companies Inc. increased its stake in Meta Financial Group shares by 13.9% in the third quarter. American Century Companies Inc. now owns 63,499 shares of the savings and loan company valued at $3,332,000 after acquiring an additional 7,762 shares during the period. 80.28% of the shares are currently held by hedge funds and other institutional investors.
About Meta Financial Group (Get a rating)
Meta Financial Group, Inc operates as a holding company of MetaBank which offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial and Corporate Services/Other. The Company offers demand deposit accounts, savings accounts, money market savings accounts and certificate accounts; term loans, asset-based loans, factoring, leasing, insurance premium financing, government guaranteed loans and other commercial financing products; warehouse financing; health care receivables loans; and consumer credit products.
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