Meta Financial Group, Inc. (NASDAQ:CASH) Expected to Post Quarterly Sales of $116.69 Million

Equities analysts forecast that Meta Financial Group, Inc. (NASDAQ:CASH) will report sales of $116.69 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Meta Financial Group’s earnings, with the lowest sales estimate coming in at $106.36 million and the highest estimate coming in at $124.47 million. Meta Financial Group posted sales of $105.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.9%. The firm is expected to issue its next earnings results on Wednesday, October 27th.

On average, analysts expect that Meta Financial Group will report full year sales of $543.68 million for the current year, with estimates ranging from $531.49 million to $554.15 million. For the next fiscal year, analysts anticipate that the business will report sales of $560.67 million, with estimates ranging from $538.24 million to $581.13 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Meta Financial Group.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Wednesday, July 28th. The savings and loans company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.32. Meta Financial Group had a return on equity of 16.26% and a net margin of 25.19%. The business had revenue of $130.93 million during the quarter, compared to analysts’ expectations of $118.29 million.

A number of brokerages recently issued reports on CASH. Zacks Investment Research raised Meta Financial Group from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Friday, July 30th. B. Riley raised their price objective on shares of Meta Financial Group from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, September 8th. Finally, Piper Sandler upped their target price on Meta Financial Group from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, July 29th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $56.40.

Shares of NASDAQ CASH opened at $51.61 on Friday. Meta Financial Group has a 1 year low of $18.23 and a 1 year high of $54.65. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $1.65 billion, a PE ratio of 12.09 and a beta of 0.92. The firm’s 50-day moving average is $49.52 and its 200-day moving average is $49.21.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Thursday, September 9th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Wednesday, September 8th. Meta Financial Group’s payout ratio is 8.23%.

In related news, EVP Anthony M. Sharett sold 589 shares of the firm’s stock in a transaction dated Thursday, September 23rd. The stock was sold at an average price of $51.69, for a total value of $30,445.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Bbva USA bought a new stake in shares of Meta Financial Group in the 2nd quarter valued at approximately $45,000. Harvest Fund Management Co. Ltd bought a new position in Meta Financial Group in the first quarter worth approximately $59,000. Lazard Asset Management LLC lifted its holdings in shares of Meta Financial Group by 68.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,331 shares of the savings and loans company’s stock worth $60,000 after buying an additional 543 shares during the period. Macquarie Group Ltd. lifted its stake in Meta Financial Group by 441.0% in the second quarter. Macquarie Group Ltd. now owns 1,980 shares of the savings and loans company’s stock worth $100,000 after acquiring an additional 1,614 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Meta Financial Group by 28.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,624 shares of the savings and loans company’s stock worth $119,000 after purchasing an additional 584 shares during the period. 79.69% of the stock is owned by institutional investors.

Meta Financial Group Company Profile

Meta Financial Group, Inc operates as a financial holding company, which provides savings and loan services. The firm operates through the following business segments: Consumer, Commercial, and Corporate Services & 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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