Equity research analysts expect Meta Financial Group, Inc. (NASDAQ: CASH) to report sales of $ 113.95 million for the current fiscal quarter, Zacks reports. Three analysts provided earnings estimates for Meta Financial Group, with estimates ranging from $ 108.08 million to $ 118.25 million. Meta Financial Group reported sales of $ 111.45 million in the same quarter last year, indicating a positive year-over-year growth rate of 2.2%. The company is expected to release its next quarterly results on Wednesday, January 26.
On average, analysts expect Meta Financial Group to report annual revenue of $ 565.26 million for the current fiscal year, with estimates ranging from $ 553.37 million to $ 573.70. millions of dollars. For the next fiscal year, analysts predict the company will post 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 provide coverage for 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 for the quarter, missing analyst consensus estimates of $ 0.81 per ($ 0.31). Meta Financial Group had a net margin of 25.07% and a return on equity of 16.43%. In the same quarter of the previous year, the company posted earnings per share of $ 0.38.
Several research companies have recently weighed in on CASH. Piper Sandler raised her price target for Meta Financial Group shares from $ 55.00 to $ 60.00 and rated the stock “overweight” in a report released Thursday, July 29. Raymond James raised his price target for Meta Financial Group shares from $ 63.00 to $ 70.00 and gave the stock a “strong buy” rating in a report released Thursday, October 28. B. Riley increased his price target for Meta Financial Group shares from $ 65.00 to $ 68.00 and gave the stock a âbuyâ rating in a research report on Thursday, October 28. Finally, Zacks Investment Research downgraded Meta Financial Group shares from a âstrong buyâ rating to a âconservationâ rating in a research report released on Monday, November 1. One equity research analyst rated the stock with a conservation rating, two issued a buy rating, and one gave the company’s stock a high buy rating. According to MarketBeat.com, the company currently has an average rating of âBuyâ and an average target price of $ 63.50.
In other Meta Financial Group news, director Michael Robert Kramer sold 2,000 shares of Meta Financial Group in a transaction dated Wednesday, November 3. The stock was sold at an average price of $ 59.72, for a total trade of $ 119,440.00. The transaction was disclosed in a legal file with the SEC, which can be accessed through the SEC’s website. Additionally, Executive Vice President Anthony M. Sharett sold 589 shares of Meta Financial Group in a transaction dated Thursday, September 23. The shares were sold for an average price of $ 51.69, for a total value of $ 30,445.41. Disclosure of this sale can be found here. 2.40% of the shares are currently held by insiders.
Several hedge funds and other institutional investors have recently changed their positions in the title. BlackRock Inc. increased its stake in Meta Financial Group shares by 0.3% in the 3rd quarter. BlackRock Inc. now owns 4,703,957 shares of the savings and loan company valued at $ 246,863,000 after purchasing an additional 14,287 shares in the last quarter. FMR LLC increased its stake in Meta Financial Group shares by 80.4% in the 2nd 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 in the last quarter. Vanguard Group Inc. strengthened its position in Meta Financial Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 2,079,713 shares of the savings and loan company valued at $ 105,296,000 after purchasing an additional 33,087 shares during the period. Nantahala Capital Management LLC strengthened its position in Meta Financial Group by 8.7% during the second quarter. Nantahala Capital Management LLC now owns 1,073,936 shares of the savings and loan company valued at $ 54,373,000 after purchasing an additional 86,152 shares during the period. Finally, State Street Corp strengthened its position in Meta Financial Group by 2.9% during the second quarter. State Street Corp now owns 1,026,753 shares of the savings and loan company valued at $ 52,037,000 after purchasing an additional 28,912 shares during the period. 79.90% of the shares are held by institutional investors and hedge funds.
NASDAQ: CASH opened at $ 62.84 on Friday. Meta Financial Group has a one-year low at $ 32.76 and a one-year high at $ 65.96. The company has a market cap of $ 2.01 billion, a price-to-earnings ratio of 14.31 and a beta of 0.92. The company has a debt to equity ratio of 0.11, a current ratio of 0.71, and a rapid ratio of 0.70. The company’s 50-day moving average is $ 57.75 and its two-hundred-day moving average is $ 52.87.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 3. Shareholders of record on Thursday, December 9 will receive a dividend of $ 0.05 per share. The ex-dividend date is Wednesday December 8. This represents an annualized dividend of $ 0.20 and a return of 0.32%. Meta Financial Group’s payout ratio is currently 4.56%.
About Meta Financial Group
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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