Meta Financial Group, Inc. (NASDAQ:CASH) Expected to Post Quarterly Sales of $202.93 Million

The brokerages expect Meta Financial Group, Inc. (NASDAQ:CASH) to post sales of $202.93 million for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Meta Financial Group. The lowest sales estimate is $197.65 million and the highest is $207.07 million. Meta Financial Group recorded sales of $187.30 million in the same quarter last year, suggesting a positive year-over-year growth rate of 8.3%. The company is expected to release its next quarterly results on Tuesday, April 26.

According to Zacks, analysts expect Meta Financial Group to report revenue of $589.87 million for the current fiscal year, with estimates ranging from $566.23 million to $626.88 million. of dollars. For the next fiscal year, analysts expect the company to post sales of $644.99 million, with estimates ranging from $630.78 million to $667.66 million. Zacks sales averages are an average average based on a survey of research analysts who track Meta Financial Group.

Meta Financial Group (NASDAQ:CASH) last announced its results on Tuesday, January 25. The savings and loan company reported earnings per share of $2.00 for the quarter, beating Thomson Reuters consensus estimate of $0.77 from $1.23. Meta Financial Group achieved a net margin of 28.68% and a return on equity of 15.89%. In the same period a year earlier, the company earned $0.84 per share.

Several equity research analysts have weighed in on CASH stocks. Raymond James raised his price target on shares of Meta Financial Group from $63.00 to $70.00 and gave the company a “strong buy” rating in a Thursday, Oct. 28 research note. Zacks Investment Research downgraded shares of Meta Financial Group from a “hold” rating to a “sell” rating in a Tuesday, Jan. 11 research note. Finally, B. Riley raised his price target on Meta Financial Group shares from $68.00 to $70.00 in a Wednesday, January 12 report.

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Separately, CFO Glen William Herrick sold 15,145 shares of the company in a trade on Tuesday, February 1. The shares were sold at an average price of $59.62, for a total transaction of $902,944.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Executive Vice President Sonja Anne Theisen sold 1,066 shares of the company in a trade on Friday, January 14. The stock was sold at an average price of $62.00, for a total transaction of $66,092.00. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 25,761 shares of the company valued at $1,521,592. Company insiders hold 2.00% of the company’s shares.

A number of institutional investors and hedge funds have recently increased or reduced their holdings in CASH. The Manufacturers Life Insurance Company increased its position in Meta Financial Group by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,130 shares of the savings and loan company valued at $918,000 after buying 387 more shares last quarter. Bank of Montreal Can increased its position in Meta Financial Group by 21.6% in the second quarter. Bank of Montreal Can now owns 11,246 shares of the savings and loan company valued at $584,000 after buying an additional 1,994 shares last quarter. JPMorgan Chase & Co. increased its stake in Meta Financial Group by 39.2% in the second quarter. JPMorgan Chase & Co. now owns 219,801 shares of the savings and loan company valued at $11,128,000 after buying an additional 61,892 shares last quarter. The Wisconsin State Board of Investment bought a new position in Meta Financial Group in the second quarter worth $294,000. Finally, FMR LLC increased its stake in Meta Financial Group by 80.4% in the second quarter. FMR LLC now owns 2,438,895 shares of the savings and loan company valued at $123,482,000 after purchasing an additional 1,086,884 shares last quarter. 83.91% of the shares are held by institutional investors.

Shares of CASH opened at $57.30 on Friday. The company has a market capitalization of $1.73 billion, a price-earnings ratio of 10.32 and a beta of 0.84. Meta Financial Group has a 12-month low of $42.00 and a 12-month high of $65.96. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt ratio of 0.11. The company has a 50-day moving average of $58.93 and a two-hundred-day moving average of $56.37.

The company also recently declared a quarterly dividend, which was paid on Monday, January 3. Shareholders of record on Thursday, December 9 received a dividend of $0.05. The ex-dividend date was Wednesday, December 8. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.35%. Meta Financial Group’s dividend payout ratio is currently 3.60%.

Meta Financial Group Company Profile

Meta Financial Group, Inc operates as a financial holding company, which provides savings and loan services. The Company operates through the following business segments: Consumer, Commercial & Enterprise Services and Other. The Consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance and other tax services.

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Earnings history and estimates for Meta Financial Group (NASDAQ: CASH)

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