Analysts expect Meta Financial Group, Inc. (NASDAQ:CASH – Get Rating) to announce earnings of $0.98 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Meta Financial Group’s earnings. The lowest EPS estimate is $0.87 and the highest is $1.14. Meta Financial Group posted earnings of $1.21 per share in the same quarter last year, which would suggest a negative year over year growth rate of 19%. The firm is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Meta Financial Group will report full-year earnings of $4.65 per share for the current financial year, with EPS estimates ranging from $4.39 to $5.10. For the next financial year, analysts expect that the firm will post earnings of $6.34 per share, with EPS estimates ranging from $5.98 to $6.70. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The savings and loans company reported $1.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.15). Meta Financial Group had a return on equity of 15.34% and a net margin of 26.84%. The business had revenue of $193.57 million for the quarter, compared to the consensus estimate of $201.08 million. During the same period in the prior year, the business posted $1.84 earnings per share. Meta Financial Group’s revenue was up 3.3% on a year-over-year basis.
In other news, EVP Kia S. Tang sold 4,557 shares of Meta Financial Group stock in a transaction on Monday, April 11th. The stock was sold at an average price of $50.09, for a total value of $228,260.13. Following the transaction, the executive vice president now directly owns 9,477 shares in the company, valued at approximately $474,702.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
Several large investors have recently made changes to their positions in CASH. Quantbot Technologies LP purchased a new position in Meta Financial Group during the 1st quarter worth $34,000. First Community Trust NA purchased a new position in Meta Financial Group during the 4th quarter worth $54,000. Rockefeller Capital Management L.P. grew its stake in Meta Financial Group by 2,079.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,983 shares of the savings and loans company’s stock worth $118,000 after buying an additional 1,892 shares during the last quarter. USA Financial Portformulas Corp purchased a new position in Meta Financial Group during the 4th quarter worth $121,000. Finally, Advisor Group Holdings Inc. grew its stake in Meta Financial Group by 27.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,116 shares of the savings and loans company’s stock worth $116,000 after buying an additional 453 shares during the last quarter. Institutional investors and hedge funds own 80.28% of the company’s stock.
Shares of CASH stock opened at $36.95 on Monday. Meta Financial Group has a 52-week low of $36.02 and a 52-week high of $65.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market capitalization of $1.09 billion, a P/E ratio of 6.88 and a beta of 0.96. The stock has a 50 day moving average price of $47.93 and a 200 day moving average price of $54.94.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Thursday, June 9th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, June 8th. This represents a $0.20 annualized dividend and a yield of 0.54%. Meta Financial Group’s payout ratio is currently 3.72%.
About Meta Financial Group (Get Rating)
Meta Financial Group, Inc operates as the holding company for MetaBank that 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 lending, asset-based lending, factoring, leasing, insurance premium financing, government guaranteed lending, and other commercial finance products; warehouse financing; healthcare receivables loans; and consumer credit products.
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