Brokerages predict that Meta Financial Group Inc. (NASDAQ:CASH) will report sales of $136.31 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Meta Financial Group’s earnings. The highest sales estimate is $145.32 million and the lowest is $127.30 million. Meta Financial Group posted sales of $116.14 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17.4%. The company is scheduled to report its next earnings results on Wednesday, April 25th.
On average, analysts expect that Meta Financial Group will report full-year sales of $136.31 million for the current fiscal year, with estimates ranging from $344.20 million to $365.59 million. For the next financial year, analysts anticipate that the business will report sales of $497.46 million per share, with estimates ranging from $466.20 million to $528.71 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 issued its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.25. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. The business had revenue of $58.46 million for the quarter, compared to analyst estimates of $54.47 million.
A number of hedge funds and other institutional investors have recently modified their holdings of CASH. TimesSquare Capital Management LLC purchased a new stake in Meta Financial Group in the fourth quarter valued at approximately $25,835,000. Northpointe Capital LLC lifted its holdings in Meta Financial Group by 407.9% in the fourth quarter. Northpointe Capital LLC now owns 184,738 shares of the savings and loans company’s stock valued at $17,116,000 after acquiring an additional 148,363 shares during the period. Second Curve Capital LLC lifted its holdings in Meta Financial Group by 37.4% in the third quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock valued at $33,252,000 after acquiring an additional 115,400 shares during the period. Basswood Capital Management L.L.C. acquired a new position in Meta Financial Group in the fourth quarter valued at approximately $8,797,000. Finally, American Century Companies Inc. acquired a new position in Meta Financial Group in the fourth quarter valued at approximately $6,409,000. Hedge funds and other institutional investors own 78.95% of the company’s stock.
Shares of Meta Financial Group (NASDAQ:CASH) opened at $107.05 on Monday. The firm has a market capitalization of $1,036.65, a PE ratio of 20.87 and a beta of 1.19. Meta Financial Group has a 52 week low of $60.70 and a 52 week high of $117.97. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 12th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.52 dividend on an annualized basis and a yield of 0.49%. Meta Financial Group’s dividend payout ratio is currently 10.14%.
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Meta Financial Group Company Profile
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.
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