Pathward Financial (NASDAQ:CASH) Issues FY 2023 Earnings Guidance

Pathward Financial (NASDAQ:CASH) updated its FY 2023 earnings guidance on Wednesday. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS estimate of 6.320. The company issued revenue guidance of -. Pathward Financial also updated its FY24 guidance to $6.30-6.60 EPS.

Pathward Financial Trading Up 0.7 %

Pathward Financial stock traded up $0.34 during trading hours on Wednesday, reaching $51.09. 130,640 shares of the company’s stock traded hands, compared to its average volume of 179,122. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 8.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.71 and a current ratio of 0.72. Pathward Financial has a fifty-two week low of $39.90 and a fifty-two week high of $60.49. The firm’s 50 day moving average is $50.01 and its 200-day moving average is $50.06.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.17). The business had revenue of $162.80 million during the quarter, compared to the consensus estimate of $166.45 million. Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. Pathward Financial’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 earnings per share. On average, analysts predict that Pathward Financial will post 6.32 earnings per share for the current year.

Pathward Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.39%. Pathward Financial’s dividend payout ratio (DPR) is presently 3.28%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CASH. Keefe, Bruyette & Woods decreased their price objective on shares of Pathward Financial from $60.00 to $58.00 and set a market perform rating for the company in a report on Friday, April 5th. Piper Sandler lowered their price objective on shares of Pathward Financial from $69.00 to $68.00 and set an overweight rating for the company in a research report on Thursday, January 25th.

Insiders Place Their Bets

In related news, President Anthony M. Sharett sold 1,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.50, for a total transaction of $47,500.00. Following the sale, the president now directly owns 33,146 shares in the company, valued at $1,574,435. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

About Pathward Financial

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.