$0.68 Earnings Per Share Expected for Meta Financial Group Inc. (CASH) This Quarter

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Wall Street brokerages expect Meta Financial Group Inc. (NASDAQ:CASH) to report $0.68 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Meta Financial Group’s earnings. The highest EPS estimate is $0.76 and the lowest is $0.59. Meta Financial Group posted earnings of $1.24 per share during the same quarter last year, which suggests a negative year over year growth rate of 45.2%. The firm is expected to report its next quarterly earnings results on Monday, October 29th.

On average, analysts expect that Meta Financial Group will report full-year earnings of $6.16 per share for the current fiscal year, with EPS estimates ranging from $6.05 to $6.27. For the next fiscal year, analysts expect that the company will post earnings of $7.85 per share, with EPS estimates ranging from $7.50 to $8.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Meta Financial Group.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $1.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.66. The firm had revenue of $61.64 million for 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%.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. ValuEngine downgraded shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 15th. B. Riley reduced their price target on shares of Meta Financial Group from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Finally, Sandler O’Neill set a $120.00 price target on shares of Meta Financial Group and gave the company a “buy” rating in a report on Monday, August 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Meta Financial Group currently has an average rating of “Hold” and a consensus price target of $111.67.

Hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. purchased a new position in shares of Meta Financial Group during the 1st quarter worth about $142,000. SG Americas Securities LLC bought a new stake in shares of Meta Financial Group in the 1st quarter valued at about $144,000. Quantbot Technologies LP raised its holdings in shares of Meta Financial Group by 561.7% in the 1st quarter. Quantbot Technologies LP now owns 1,641 shares of the savings and loans company’s stock valued at $179,000 after purchasing an additional 1,393 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Meta Financial Group by 815.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,730 shares of the savings and loans company’s stock valued at $189,000 after purchasing an additional 1,541 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Meta Financial Group in the 1st quarter valued at about $212,000. 61.12% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CASH traded up $0.30 on Thursday, reaching $84.70. The company had a trading volume of 60,681 shares, compared to its average volume of 65,267. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $1.08 billion, a P/E ratio of 12.47 and a beta of 1.07. Meta Financial Group has a 12 month low of $70.60 and a 12 month high of $117.97.

Meta Financial Group shares are going to split on Friday, October 5th. The 3-1 split was announced on Tuesday, August 28th. The newly minted shares will be payable to shareholders after the market closes on Thursday, October 4th.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be paid a $0.15 dividend. This is a boost from Meta Financial Group’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, September 6th. Meta Financial Group’s dividend payout ratio (DPR) is presently 8.51%.

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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