Analysts Anticipate Meta Financial Group Inc. (CASH) to Announce $0.23 EPS

Equities analysts expect that Meta Financial Group Inc. (NASDAQ:CASH) will report earnings per share of $0.23 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Meta Financial Group’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.25. Meta Financial Group posted earnings of $0.41 per share during the same quarter last year, which would indicate a negative year over year growth rate of 43.9%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that Meta Financial Group will report full year earnings of $2.06 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.09. For the next year, analysts forecast that the business will post earnings of $2.51 per share, with EPS estimates ranging from $2.50 to $2.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Meta Financial Group.

Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.22. The business had revenue of $61.64 million during the quarter, compared to the consensus estimate of $66.50 million. Meta Financial Group had a net margin of 14.08% and a return on equity of 14.58%.

CASH has been the subject of a number of recent research reports. ValuEngine downgraded shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 6th. BidaskClub raised shares of Meta Financial Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 5th. Zacks Investment Research raised shares of Meta Financial Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. B. Riley dropped their price target 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. Finally, Sandler O’Neill set a $40.00 price target on shares of Meta Financial Group and gave the stock a “buy” rating in a research note on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.19.

Shares of CASH traded down $0.51 on Wednesday, reaching $23.96. 138,105 shares of the company’s stock were exchanged, compared to its average volume of 213,043. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $958.66 million, a price-to-earnings ratio of 10.20 and a beta of 1.00. Meta Financial Group has a 12 month low of $23.89 and a 12 month high of $39.33.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, September 6th. Meta Financial Group’s dividend payout ratio (DPR) is 8.51%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. acquired a new position in Meta Financial Group during the first quarter valued at approximately $142,000. LPL Financial LLC acquired a new position in Meta Financial Group during the first quarter valued at approximately $212,000. SG Americas Securities LLC grew its holdings in Meta Financial Group by 99.5% during the second quarter. SG Americas Securities LLC now owns 2,639 shares of the savings and loans company’s stock valued at $257,000 after purchasing an additional 1,316 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Meta Financial Group by 23.7% during the second quarter. State Board of Administration of Florida Retirement System now owns 3,338 shares of the savings and loans company’s stock valued at $325,000 after purchasing an additional 640 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Meta Financial Group by 5,000.0% during the third quarter. Nisa Investment Advisors LLC now owns 4,080 shares of the savings and loans company’s stock valued at $337,000 after purchasing an additional 4,000 shares during the period. 61.11% of the stock is owned by institutional investors and hedge funds.

About Meta Financial Group

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.

Read More: How to Profit and Limit Losses With Stop Orders

Get a free copy of the Zacks research report on Meta Financial Group (CASH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply