Brokerages forecast that Meta Financial Group, Inc. (NASDAQ:CASH) will announce $0.85 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Meta Financial Group’s earnings. The highest EPS estimate is $1.04 and the lowest is $0.73. Meta Financial Group reported earnings per share of $0.53 in the same quarter last year, which would suggest a positive year over year growth rate of 60.4%. The company is scheduled to announce its next earnings results on Wednesday, July 28th.
According to Zacks, analysts expect that Meta Financial Group will report full year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.20 to $4.35. For the next year, analysts forecast that the company will report earnings of $4.41 per share, with EPS estimates ranging from $4.24 to $4.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings data on Tuesday, April 27th. The savings and loans company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.27. Meta Financial Group had a net margin of 22.55% and a return on equity of 14.11%. The firm had revenue of $187.30 million during the quarter, compared to analyst estimates of $185.81 million.
In other news, CFO Glen William Herrick sold 45,000 shares of the firm’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $49.15, for a total transaction of $2,211,750.00. Following the transaction, the chief financial officer now owns 124,088 shares in the company, valued at approximately $6,098,925.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in CASH. Lazard Asset Management LLC raised its holdings in shares of Meta Financial Group by 220.3% during the 4th quarter. Lazard Asset Management LLC now owns 788 shares of the savings and loans company’s stock valued at $28,000 after purchasing an additional 542 shares in the last quarter. Capital Asset Advisory Services LLC bought a new position in shares of Meta Financial Group during the 4th quarter valued at $28,000. Harvest Fund Management Co. Ltd bought a new position in shares of Meta Financial Group during the 1st quarter valued at $59,000. Vantage Consulting Group Inc acquired a new position in Meta Financial Group in the 4th quarter valued at $61,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in Meta Financial Group in the 1st quarter valued at $72,000. Institutional investors and hedge funds own 79.24% of the company’s stock.
Meta Financial Group stock traded up $1.43 during midday trading on Thursday, reaching $51.01. The stock had a trading volume of 157,481 shares, compared to its average volume of 218,948. Meta Financial Group has a twelve month low of $16.33 and a twelve month high of $54.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.83. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 14.20 and a beta of 0.93. The firm has a fifty day moving average of $50.12.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 1st. Stockholders of record on Thursday, June 10th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, June 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. Meta Financial Group’s dividend payout ratio is currently 8.23%.
Meta Financial Group Company Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that 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 lending, asset based lending, factoring, lease financing, insurance premium financing, warehouse financing, and healthcare receivables loans; and consumer credit products.
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