Analysts predict that Meta Financial Group Inc. (NASDAQ:CASH) will post sales of $133.28 million for the current quarter, according to Zacks. Two analysts have issued estimates for Meta Financial Group’s earnings. The highest sales estimate is $139.25 million and the lowest is $127.30 million. Meta Financial Group posted sales of $116.14 million during the same quarter last year, which suggests a positive year-over-year growth rate of 14.8%. The firm is expected to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that Meta Financial Group will report full-year sales of $133.28 million for the current fiscal year, with estimates ranging from $344.20 million to $416.46 million. For the next year, analysts anticipate that the company will post sales of $495.42 million per share, with estimates ranging from $466.20 million to $524.65 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.25. Meta Financial Group had a net margin of 16.20% and a return on equity of 16.05%. The company had revenue of $58.46 million for the quarter, compared to analysts’ expectations of $54.47 million.
CASH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a report on Friday, January 19th. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. B. Riley upgraded shares of Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Wednesday, November 1st. Finally, Lake Street Capital initiated coverage on shares of Meta Financial Group in a report on Monday, January 8th. They set a “buy” rating and a $120.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Meta Financial Group has a consensus rating of “Buy” and a consensus price target of $116.60.
Hedge funds have recently made changes to their positions in the company. Malaga Cove Capital LLC purchased a new position in shares of Meta Financial Group during the 3rd quarter worth about $111,000. LS Investment Advisors LLC purchased a new position in Meta Financial Group in the third quarter valued at approximately $152,000. Teachers Retirement System of The State of Kentucky purchased a new position in Meta Financial Group in the third quarter valued at approximately $165,000. SG Americas Securities LLC raised its holdings in Meta Financial Group by 70.9% in the third quarter. SG Americas Securities LLC now owns 2,150 shares of the savings and loans company’s stock valued at $169,000 after buying an additional 892 shares during the period. Finally, OppenheimerFunds Inc. purchased a new position in Meta Financial Group in the fourth quarter valued at approximately $206,000. Institutional investors and hedge funds own 77.10% of the company’s stock.
Meta Financial Group (NASDAQ:CASH) traded up $0.85 during trading on Tuesday, hitting $109.10. 53,175 shares of the company’s stock traded hands, compared to its average volume of 75,723. Meta Financial Group has a one year low of $60.70 and a one year high of $117.97. The firm has a market cap of $1,060.00, a PE ratio of 19.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.58 and a quick ratio of 0.58.
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Meta Financial Group Company Profile
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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