Wall Street brokerages forecast that Meta Financial Group Inc. (NASDAQ:CASH) will announce $0.42 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Meta Financial Group’s earnings, with estimates ranging from $0.37 to $0.47. Meta Financial Group posted earnings of $0.28 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The firm is scheduled to announce its next earnings report on Tuesday, January 29th.
On average, analysts expect that Meta Financial Group will report full year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.54. For the next financial year, analysts expect that the business will report earnings of $3.51 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Wednesday, October 31st. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Meta Financial Group had a net margin of 15.05% and a return on equity of 12.10%. The company had revenue of $73.15 million during the quarter, compared to analysts’ expectations of $82.46 million.
A number of research analysts have recently issued reports on CASH shares. Zacks Investment Research upgraded shares of Meta Financial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. BidaskClub cut shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 25th. Raymond James lifted their target price on shares of Meta Financial Group from $36.67 to $37.00 and gave the company a “strong-buy” rating in a research note on Monday, October 15th. ValuEngine cut shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 6th. Finally, B. Riley cut their target price on shares of Meta Financial Group from $33.33 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, September 13th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.11.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Meta Financial Group by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 609,359 shares of the savings and loans company’s stock worth $50,363,000 after purchasing an additional 65,796 shares during the last quarter. Morgan Stanley raised its position in Meta Financial Group by 94.3% in the 3rd quarter. Morgan Stanley now owns 47,202 shares of the savings and loans company’s stock worth $3,902,000 after purchasing an additional 22,914 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Meta Financial Group by 9.3% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 36,848 shares of the savings and loans company’s stock worth $3,045,000 after purchasing an additional 3,135 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Meta Financial Group in the 3rd quarter worth approximately $1,971,000. Finally, Interactive Financial Advisors bought a new position in Meta Financial Group in the 3rd quarter worth approximately $291,000. Hedge funds and other institutional investors own 21.44% of the company’s stock.
NASDAQ:CASH opened at $20.46 on Monday. Meta Financial Group has a 1 year low of $20.17 and a 1 year high of $39.33. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $826.76 million, a PE ratio of 7.28 and a beta of 1.06.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Tuesday, December 11th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Monday, December 10th. Meta Financial Group’s dividend payout ratio (DPR) is presently 7.12%.
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: Payments, Banking, and Corporate Services & Other. The Payments segment provides MPS, refund advantage, EPS, SCS, and other tax services.
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