Brokerages expect Meta Financial Group, Inc. (NASDAQ:CASH) to report quarterly sales of $130.50 million
Analysts expect Meta Financial Group, Inc. (NASDAQ: CASH – Get Rating) to report revenue of $130.50 million for the current quarter, reports Zacks Investment Research. Three analysts made earnings estimates for Meta Financial Group. The lowest sales estimate is $127.98 million and the highest is $132.46 million. Meta Financial Group recorded sales of $130.93 million in the same quarter last year, suggesting a negative year-over-year growth rate of 0.3%. The company is expected to release its next results on Monday, January 1.
According to Zacks, analysts expect Meta Financial Group to post annual sales of $586.15 million for the current year, with estimates ranging from $567.72 million to $622.14 million. . For the next fiscal year, analysts expect the company to record sales of $653.06 million, with estimates ranging from $638.86 million to $666.14 million. Zacks sales calculations are an average based on a survey of research companies that cover Meta Financial Group.
Meta Financial Group (NASDAQ:CASH – Get Rating) last released its results on Thursday, April 28. The savings and loan company reported earnings per share of $1.73 for the quarter, missing the Zacks consensus estimate of $1.88 per ($0.15). Meta Financial Group had a return on equity of 15.34% and a net margin of 26.84%. The company posted revenue of $193.57 million for the quarter, versus analyst estimates of $201.08 million. During the same quarter of the previous year, the firm had posted earnings per share of $1.84. Meta Financial Group’s quarterly revenue increased 3.3% year-over-year.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday. StockNews.com assumed coverage of Meta Financial Group stocks in a Thursday, March 31 report. They issued a “maintaining” rating for the company. Finally, B. Riley lowered his price target on Meta Financial Group from $70.00 to $65.00 in a Tuesday, April 12 research note. Two analysts gave the stock a hold rating, two gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat.com, Meta Financial Group has a consensus buy rating and a consensus target price of $61.50.
CASH stock opened at $42.97 on Wednesday. The company has a debt ratio of 0.12, a quick ratio of 0.65 and a current ratio of 0.65. The company’s 50-day simple moving average is $51.47 and its 200-day simple moving average is $56.82. Meta Financial Group has a 52-week low of $42.12 and a 52-week high of $65.96. The company has a market capitalization of $1.28 billion, a PE ratio of 8.00 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 1. Shareholders of record on Thursday, March 10 received a dividend of $0.05. This represents an annualized dividend of $0.20 and a dividend yield of 0.47%. The ex-dividend date was Wednesday, March 9. Meta Financial Group’s dividend payout ratio is currently 3.72%.
Separately, Executive Vice President Kia S. Tang sold 4,557 shares of the company in a transaction that took place on Monday, April 11. The stock was sold at an average price of $50.09, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Company insiders hold 2.00% of the company’s shares.
Major investors have recently increased or reduced their stakes in the company. First Community Trust NA acquired a new stake in Meta Financial Group during Q4 worth approximately $54,000. Rockefeller Capital Management LP increased its position in Meta Financial Group shares by 2,079.1% during the fourth quarter. Rockefeller Capital Management LP now owns 1,983 shares in the savings and loan company worth $118,000 after buying 1,892 additional shares during the period. USA Financial Portformulas Corp acquired a new stake in shares of Meta Financial Group during Q4 worth approximately $121,000. Point72 Hong Kong Ltd acquired a new stake in shares of Meta Financial Group during Q4 worth approximately $136,000. Finally, Exane Derivatives increased its position in Meta Financial Group shares by 1,481.4% during the first quarter. Exane Derivatives now owns 2,546 shares in the savings and loan company worth $140,000 after purchasing an additional 2,385 shares during the period. 80.28% of the shares are held by institutional investors and hedge funds.
Meta Financial Group Company Profile (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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