Equities research analysts expect Meta Financial Group, Inc. (NASDAQ:CASH – Get Rating) to announce $130.50 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Meta Financial Group’s earnings, with the highest sales estimate coming in at $132.46 million and the lowest estimate coming in at $127.98 million. Meta Financial Group reported sales of $130.93 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.3%. The company is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that Meta Financial Group will report full-year sales of $586.15 million for the current fiscal year, with estimates ranging from $567.72 million to $622.14 million. For the next financial year, analysts expect that the company will post sales of $653.06 million, with estimates ranging from $638.86 million to $666.14 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The savings and loans company reported $1.73 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.15). The company had revenue of $193.57 million for the quarter, compared to 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 business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.84 earnings per share.
Shares of NASDAQ CASH opened at $38.52 on Wednesday. The firm 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-to-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-to-equity 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 disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Thursday, June 9th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, June 8th. Meta Financial Group’s dividend payout ratio is currently 3.72%.
In other Meta Financial Group news, EVP Kia S. Tang sold 4,557 shares of the stock in a transaction dated Monday, April 11th. 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’s stock, valued at $474,702.93. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.
A number of large investors have recently modified their holdings of CASH. Morgan Stanley raised its holdings in Meta Financial Group by 54.3% in the second quarter. Morgan Stanley now owns 178,537 shares of the savings and loans company’s stock valued at $9,039,000 after acquiring an additional 62,840 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Meta Financial Group by 0.3% in the 3rd quarter. BlackRock Inc. now owns 4,703,957 shares of the savings and loans company’s stock valued at $246,863,000 after acquiring an additional 14,287 shares during the period. Barclays PLC increased its holdings in shares of Meta Financial Group by 41.1% in the 3rd quarter. Barclays PLC now owns 33,706 shares of the savings and loans company’s stock valued at $1,769,000 after acquiring an additional 9,816 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Meta Financial Group by 18.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 4,933 shares of the savings and loans company’s stock valued at $259,000 after acquiring an additional 765 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Meta Financial Group by 13.9% in the 3rd quarter. American Century Companies Inc. now owns 63,499 shares of the savings and loans company’s stock valued at $3,332,000 after acquiring an additional 7,762 shares during the period. 80.28% of the stock is currently owned by hedge funds and other institutional investors.
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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