$ 113.95 million in expected sales for Meta Financial Group, Inc. (NASDAQ: CASH) this quarter
Wall Street brokers forecast Meta Financial Group, Inc. (NASDAQ: CASH) to post sales of $ 113.95 million for the current quarter, according to Zacks investment research. Three analysts have released earnings estimates for Meta Financial Group, with the highest sales estimate at $ 118.25 million and the lowest estimate at $ 108.08 million. Meta Financial Group recorded sales of $ 111.45 million in the same quarter last year, which would indicate a positive growth rate of 2.2% year-over-year. The company is expected to announce its next quarterly earnings report on Wednesday, January 26.
According to Zacks, analysts expect Meta Financial Group to report annual revenue of $ 565.26 million for the current year, with estimates ranging from $ 553.37 million to $ 573.70 millions of dollars. For next year, analysts expect the company to report sales of $ 616.71 million, with estimates ranging from $ 607.87 million to $ 622.02 million. Zacks’ sales calculations are an average based on a survey of analysts who cover Meta Financial Group.
Meta Financial Group (NASDAQ: CASH) last released its quarterly earnings data on Wednesday, October 27. The savings and loan company reported earnings of $ 0.50 per share (EPS) for the quarter, missing analyst consensus estimates of $ 0.81 per ($ 0.31). Meta Financial Group recorded a return on equity of 16.43% and a net margin of 25.07%. During the same period of the previous year, the company posted $ 0.38 in EPS.
A number of brokerage firms have recently weighed in on CASH. Piper Sandler raised her price target on Meta Financial Group from $ 55.00 to $ 60.00 and rated the stock “overweight” in a research report on Thursday, July 29. Raymond James raised his price target on Meta Financial Group from $ 63.00 to $ 70.00 and gave the stock a “strong buy” rating in a research note on Thursday, October 28. Zacks investment research downgraded Meta Financial Group from a “strong buy” rating to a “retained” rating in a report released Monday. Finally, B. Riley raised his price target on Meta Financial Group from $ 65.00 to $ 68.00 and gave the stock a “buy” rating in a research note on Thursday, October 28. One analyst rated the stock with a conservation rating, two issued a buy rating, and one gave the company a strong buy rating. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $ 63.50.
In other news, EVP Anthony M. Sharett sold 589 shares of the company in a transaction that took place on Thursday, September 23. The stock was sold for an average price of $ 51.69, for a total trade of $ 30,445.41. The sale was disclosed in a legal file with the SEC, which can be accessed through this link. Insiders own 2.40% of the company’s shares.
Several hedge funds have recently changed their holdings in CASH. Geode Capital Management LLC increased its stake in Meta Financial Group by 3.7% in the first quarter. Geode Capital Management LLC now owns 559,556 shares of the savings and loan company valued at $ 25,353,000 after acquiring an additional 19,825 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Meta Financial Group by 27.5% in the first quarter. Guggenheim Capital LLC now owns 15,141 shares of the savings and loan company valued at $ 686,000 after purchasing an additional 3,265 shares in the last quarter. O Shaughnessy Asset Management LLC increased its position in Meta Financial Group shares by 28.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,624 shares of the savings and loan company valued at $ 119,000 after purchasing 584 additional shares in the last quarter. UBS Asset Management Americas Inc. strengthened its position in Meta Financial Group by 5.8% in the first quarter. UBS Asset Management Americas Inc. now owns 26,379 shares of the savings and loan company valued at $ 1,195,000 after acquiring an additional 1,449 shares in the last quarter. Finally, TD Asset Management Inc. acquired a new position in Meta Financial Group during the first quarter valued at approximately $ 657,000. Hedge funds and other institutional investors hold 79.69% of the company’s shares.
NASDAQ CASH shares opened at $ 57.77 on Wednesday. The stock’s 50-day moving average is $ 54.16 and its 200-day moving average is $ 51.43. The company has a current ratio of 0.71, a quick ratio of 0.68 and a debt ratio of 0.11. Meta Financial Group has a one-year low at $ 27.93 and a one-year high at $ 62.97. The stock has a market cap of $ 1.84 billion, a price-to-earnings ratio of 13.16 and a beta of 0.87.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Thursday, September 9, received a dividend of $ 0.05 per share. The ex-dividend date of this dividend was Wednesday, September 8. This represents a dividend of $ 0.20 on an annualized basis and a dividend yield of 0.35%. Meta Financial Group’s payout ratio is currently 4.57%.
Meta Financial Group Company Profile
Meta Financial Group, Inc. operates as a financial holding company, which provides savings and loan services. The company operates in the following business segments: consumer, commercial and business services and others. The consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance, and other tax services.
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