Equity research analysts expect Meta Financial Group, Inc. (NASDAQ: CASH – Get a rating) to announce sales of $130.50 million for the current fiscal quarter, Zacks reports. Three analysts have made earnings estimates for Meta Financial Group, with the highest estimate of sales at $132.46 million and the lowest estimate at $127.98 million. Meta Financial Group reported sales of $130.93 million in the same quarter last year, suggesting a negative 0.3% year-over-year growth rate. The company is due to announce its next earnings report on Monday, January 1.
On average, analysts expect Meta Financial Group to post revenue of $586.15 million for the current fiscal year, with estimates ranging from $567.72 million to $622.14 million. of dollars. For the next fiscal year, analysts expect the company to post sales of $653.06 million, with estimates ranging from $638.86 million to $666.14 million. Zacks sales calculations are an average average based on a survey of research companies that track Meta Financial Group.
Meta Financial Group (NASDAQ:CASH- Get a rating) last released its quarterly earnings data on Thursday, April 28. The savings and loan company reported earnings per share of $1.73 for the quarter, missing analyst consensus estimates of $1.88 per ($0.15). The company posted revenue of $193.57 million for the quarter, versus analyst estimates of $201.08 million. Meta Financial Group had a return on equity of 15.34% and a net margin of 26.84%. The company’s revenue increased 3.3% year-over-year. In the same quarter a year earlier, the company posted earnings per share of $1.84.
A number of brokerages have recently commented on CASH. B. Riley reduced his target price on Meta Financial Group shares from $70.00 to $65.00 in a Tuesday, April 12 research report. Zacks Investment Research downgraded shares of Meta Financial Group from a “buy” rating to a “hold” rating in a Monday, May 2, report. To finish, StockNews.com upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a Wednesday, May 18 report. Two analysts gave the stock a hold rating, two gave the stock a buy rating and one gave the company’s stock a high buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $61.50.
Shares of NASDAQ CASH opened at $38.52 on Wednesday. The company has a 50-day simple moving average of $47.35 and a 200-day simple moving average of $54.66. The stock has a market capitalization of $1.13 billion, a price-earnings ratio of 7.17 and a beta of 0.96. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt ratio of 0.12. Meta Financial Group has a 52-week low of $36.02 and a 52-week high of $65.96.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 1. Investors of record on Thursday, June 9 will receive a dividend of $0.05. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Wednesday, June 8. Meta Financial Group’s dividend payout ratio is currently 3.72%.
In other Meta Financial Group news, Executive Vice President Kia S. Tang sold 4,557 shares in a trade dated Monday, April 11. The shares were sold at an average price of $50.09, for a total transaction of $228,260.13. Following the completion of the transaction, the executive vice president now owns 9,477 shares of the company, valued at $474,702.93. The sale was disclosed in a legal filing with the SEC, available at this link. Insiders of the company own 2.00% of the shares of the company.
A number of large investors have recently changed their CASH holdings. Morgan Stanley increased its stake in Meta Financial Group by 54.3% in the second quarter. Morgan Stanley now owns 178,537 shares of the savings and loan company valued at $9,039,000 after acquiring an additional 62,840 shares last quarter. BlackRock Inc. increased its holdings of Meta Financial Group shares by 0.3% in Q3. BlackRock Inc. now owns 4,703,957 shares of the savings and loan company valued at $246,863,000 after acquiring an additional 14,287 shares during the period. Barclays PLC increased its stake in Meta Financial Group shares by 41.1% in the third quarter. Barclays PLC now owns 33,706 shares in the savings and loan company valued at $1,769,000 after acquiring an additional 9,816 shares during the period. Teacher Retirement System of Texas increased its holdings of Meta Financial Group shares by 18.4% in Q3. Teacher Retirement System of Texas now owns 4,933 shares of the savings and loan company valued at $259,000 after acquiring 765 additional shares during the period. Finally, American Century Companies Inc. increased its stake in Meta Financial Group shares by 13.9% in the third quarter. American Century Companies Inc. now owns 63,499 shares of the savings and loan company valued at $3,332,000 after acquiring an additional 7,762 shares during the period. 80.28% of the shares are currently held by hedge funds and other institutional investors.
About Meta Financial Group (Get a rating)
Meta Financial Group, Inc operates as a holding company of MetaBank which offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial and Corporate Services/Other. The Company offers demand deposit accounts, savings accounts, money market savings accounts and certificate accounts; term loans, asset-based loans, factoring, leasing, insurance premium financing, government guaranteed loans and other commercial financing products; warehouse financing; health care receivables loans; and consumer credit products.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Meta Financial Group right now?
Before you consider Meta Financial Group, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Meta Financial Group wasn’t on the list.
Although Meta Financial Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here