Brokerages Anticipate Meta Financial Group Inc. (CASH) Will Post Quarterly Sales of $82.46 Million

Brokerages expect Meta Financial Group Inc. (NASDAQ:CASH) to announce $82.46 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Meta Financial Group’s earnings. The lowest sales estimate is $82.41 million and the highest is $82.50 million. Meta Financial Group posted sales of $54.32 million in the same quarter last year, which would indicate a positive year over year growth rate of 51.8%. The business is expected to report its next earnings results after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that Meta Financial Group will report full year sales of $329.26 million for the current fiscal year, with estimates ranging from $325.60 million to $332.91 million. For the next fiscal year, analysts forecast that the business will post sales of $509.85 million, with estimates ranging from $495.30 million to $524.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Meta Financial Group.

Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Thursday, July 26th. The savings and loans company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.33 by $0.22. The company had revenue of $61.64 million for the quarter, compared to the consensus estimate of $66.50 million. Meta Financial Group had a net margin of 14.08% and a return on equity of 14.58%.

CASH has been the topic of a number of research analyst reports. B. Riley reduced their price objective on shares of Meta Financial Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, June 21st. ValuEngine downgraded shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 6th. BidaskClub raised shares of Meta Financial Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 5th. Zacks Investment Research raised shares of Meta Financial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Sandler O’Neill set a $40.00 price objective on shares of Meta Financial Group and gave the company a “buy” rating in a research report on Monday, August 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Meta Financial Group currently has a consensus rating of “Hold” and a consensus price target of $37.19.

Institutional investors have recently modified their holdings of the business. Sei Investments Co. bought a new stake in shares of Meta Financial Group during the 1st quarter valued at $142,000. LPL Financial LLC bought a new stake in shares of Meta Financial Group during the 1st quarter valued at $212,000. SG Americas Securities LLC boosted its holdings in shares of Meta Financial Group by 99.5% during the 2nd quarter. SG Americas Securities LLC now owns 2,639 shares of the savings and loans company’s stock valued at $257,000 after buying an additional 1,316 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Meta Financial Group by 23.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 3,338 shares of the savings and loans company’s stock valued at $325,000 after buying an additional 640 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Meta Financial Group by 5,000.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,080 shares of the savings and loans company’s stock valued at $337,000 after buying an additional 4,000 shares in the last quarter. 61.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of Meta Financial Group stock opened at $25.03 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 11.61 and a beta of 1.00. Meta Financial Group has a 12-month low of $24.79 and a 12-month high of $39.33.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date was Thursday, September 6th. Meta Financial Group’s payout ratio is currently 8.51%.

Meta Financial Group Company Profile

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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Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

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