Brokerages expect Meta Financial Group Inc. (NASDAQ:CASH) to report $136.31 million in sales for the current fiscal quarter, Zacks Investment Research reports. 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 would indicate a positive year over year growth rate of 17.4%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Meta Financial Group will report full-year sales of $136.31 million for the current year, with estimates ranging from $344.20 million to $365.59 million. For the next fiscal year, analysts anticipate that the company will report sales of $497.46 million per share, with estimates ranging from $466.20 million to $528.71 million. Zacks’ 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 posted its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.25. Meta Financial Group had a net margin of 16.20% and a return on equity of 16.05%. The company had revenue of $58.46 million for the quarter, compared to the consensus estimate of $54.47 million.
Shares of Meta Financial Group stock traded down $0.25 during trading hours on Monday, reaching $109.20. The company’s stock had a trading volume of 66,465 shares, compared to its average volume of 58,361. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.58 and a current ratio of 0.58. Meta Financial Group has a one year low of $60.70 and a one year high of $117.97. The company has a market cap of $1,057.47, a P/E ratio of 15.49 and a beta of 1.19.
The company also recently disclosed 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 is Friday, March 9th. This represents a $0.52 annualized dividend and a yield of 0.48%. Meta Financial Group’s dividend payout ratio is presently 7.38%.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Meta Financial Group by 4.8% in the 4th quarter. BlackRock Inc. now owns 1,203,567 shares of the savings and loans company’s stock valued at $111,512,000 after purchasing an additional 55,091 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Meta Financial Group by 7.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 467,964 shares of the savings and loans company’s stock valued at $36,689,000 after purchasing an additional 31,433 shares during the last quarter. Second Curve Capital LLC lifted its position in Meta Financial Group by 37.4% in the 3rd quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock valued at $33,252,000 after purchasing an additional 115,400 shares during the last quarter. Patriot Financial Partners GP LP lifted its position in Meta Financial Group by 14.4% in the 3rd quarter. Patriot Financial Partners GP LP now owns 397,069 shares of the savings and loans company’s stock valued at $31,130,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Ashford Capital Management Inc. lifted its position in Meta Financial Group by 15.8% in the 4th quarter. Ashford Capital Management Inc. now owns 341,617 shares of the savings and loans company’s stock valued at $31,651,000 after purchasing an additional 46,502 shares during the last quarter. Hedge funds and other institutional investors own 78.95% of the company’s stock.
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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