Zacks: Brokerage Firms Expect Meta Financial Group, Inc. (NASDAQ: CASH) to Report Earnings Per Share of $ 0.86
Equity research analysts expect Meta Financial Group, Inc. (NASDAQ: CASH) to report earnings per share (EPS) of $ 0.86 for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Meta Financial Group. The lowest EPS estimate is $ 0.71 and the highest is $ 1.01. Meta Financial Group reported earnings of $ 0.38 per share in the same quarter last year, indicating a positive year-over-year growth rate of 126.3%. The company is expected to release its next earnings report on Wednesday, October 27.
According to Zacks, analysts expect Meta Financial Group to report annual earnings of $ 4.78 per share for the current fiscal year, with EPS estimates ranging from $ 4.61 to $ 4.90. For next year, analysts expect the company to post earnings of $ 4.89 per share, with EPS estimates ranging from $ 4.66 to $ 5.00. Zacks’ earnings per share calculations are an average based on a survey of seller-side research analysts who provide coverage for Meta Financial Group.
Meta Financial Group (NASDAQ: CASH) last released its quarterly results on Wednesday July 28. The savings and loan company reported earnings per share of $ 1.21 for the quarter, beating the Zacks’ consensus estimate by $ 0.89 by $ 0.32. Meta Financial Group recorded a return on equity of 16.26% and a net margin of 25.19%. The company posted revenue of $ 130.93 million in the quarter, compared to analysts’ expectations of $ 118.29 million.
Several equity research analysts recently commented on the company. Piper Sandler raised her price target on Meta Financial Group from $ 55.00 to $ 60.00 and rated the stock “overweight” in a research note on Thursday, July 29. Zacks Investment Research upgraded Meta Financial Group from a “custody” rating to a “buy” rating and set a price target of $ 56.00 for the company in a research note on Friday, July 30. Finally, B. Riley raised his price target on Meta Financial Group from $ 55.00 to $ 65.00 and gave the stock a “buy” rating in a research note on Wednesday, September 8. Four investment analysts gave the stock a buy rating and one gave the company’s stock a high buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $ 56.40.
NASDAQ CASH traded up $ 0.94 on Thursday, reaching $ 51.69. The stock had a trading volume of 110,328 shares, compared to an average volume of 197,370. The company has a leverage ratio of 0.11, a quick ratio of 0.68 and a current ratio of 0.70. Meta Financial Group has a 12-month low of $ 18.16 and a 12-month high of $ 54.65. The company’s 50-day average mobile price is $ 49.41, and its 200-day average mobile price is $ 49.16. The stock has a market cap of $ 1.65 billion, a P / E ratio of 12.11 and a beta of 0.92.
The firm also recently unveiled a quarterly dividend, which will be paid on Friday, October 1. Investors of record on Thursday, September 9 will receive a dividend of $ 0.05 per share. This represents a dividend of $ 0.20 on an annualized basis and a return of 0.39%. The ex-dividend date is Wednesday September 8. Meta Financial Group’s dividend payout ratio is currently 8.23%.
A number of hedge funds have recently changed their positions in CASH. Bbva USA acquired a new position in Meta Financial Group during the second quarter valued at $ 45,000. Harvest Fund Management Co. Ltd. acquired a new stake in Meta Financial Group in the first quarter valued at $ 59,000. Lazard Asset Management LLC increased its stake in Meta Financial Group by 68.9% in the first quarter. Lazard Asset Management LLC now owns 1,331 shares of the savings and loan company valued at $ 60,000 after purchasing 543 additional shares in the last quarter. Macquarie Group Ltd. increased its stake in Meta Financial Group by 441.0% in the second quarter. Macquarie Group Ltd. now owns 1,980 shares of the savings and loan company valued at $ 100,000 after purchasing an additional 1,614 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Meta Financial Group by 28.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,624 shares of the savings and loan company valued at $ 119,000 after purchasing 584 additional shares in the last quarter. 79.69% of the shares are currently held by hedge funds and other institutional investors.
About Meta Financial Group
Meta Financial Group, Inc. operates as a financial holding company, which provides savings and loan services. The company operates in the following business segments: consumer, commercial and business services and others. The consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance, and other tax services.
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