Meta Financial Group Inc. (CASH) Expected to Post Quarterly Sales of $82.46 Million
Equities research analysts expect Meta Financial Group Inc. (NASDAQ:CASH) to post $82.46 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Meta Financial Group’s earnings. The highest sales estimate is $82.50 million and the lowest is $82.41 million. Meta Financial Group reported sales of $54.32 million during the same quarter last year, which indicates a positive year over year growth rate of 51.8%. The company is expected to announce its next earnings results on Monday, October 29th.
On average, analysts expect that Meta Financial Group will report full-year sales of $329.26 million for the current year, with estimates ranging from $325.60 million to $332.91 million. For the next fiscal year, analysts forecast that the firm will report sales of $509.85 million per share, with estimates ranging from $495.30 million to $524.40 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.66. The company had revenue of $61.64 million for the quarter, compared to analyst estimates of $66.50 million. Meta Financial Group had a return on equity of 14.58% and a net margin of 14.08%.
Several hedge funds and other institutional investors have recently bought and sold shares of CASH. Alliance Wealth Management Group purchased a new position in shares of Meta Financial Group during the 1st quarter worth $2,399,000. Harvest Capital Strategies LLC purchased a new position in shares of Meta Financial Group during the 1st quarter worth $9,282,000. BlackRock Inc. raised its holdings in shares of Meta Financial Group by 6.1% during the 2nd quarter. BlackRock Inc. now owns 1,312,771 shares of the savings and loans company’s stock worth $127,863,000 after acquiring an additional 76,038 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Meta Financial Group during the 1st quarter worth $6,590,000. Finally, Millennium Management LLC purchased a new position in shares of Meta Financial Group during the 2nd quarter worth $5,084,000. Institutional investors and hedge funds own 61.12% of the company’s stock.
CASH stock traded down $0.10 during midday trading on Friday, reaching $82.75. The stock had a trading volume of 1,688 shares, compared to its average volume of 71,651. 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 firm has a market capitalization of $1.11 billion, a P/E ratio of 11.83 and a beta of 1.07. Meta Financial Group has a 52-week low of $70.60 and a 52-week high of $117.97.
Meta Financial Group’s stock is going to split on Friday, October 5th. The 3-1 split was announced on Tuesday, August 28th. The newly created shares will be issued to shareholders after the market closes on Thursday, October 4th.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, September 6th. This is a positive change from Meta Financial Group’s previous quarterly dividend of $0.13. Meta Financial Group’s payout ratio is currently 8.51%.
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.
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