Equities research analysts expect Meta Financial Group Inc. (NASDAQ:CASH) to announce earnings per share (EPS) of $0.51 for the current quarter, Zacks reports. Two analysts have made estimates for Meta Financial Group’s earnings, with the lowest EPS estimate coming in at $0.49 and the highest estimate coming in at $0.52. Meta Financial Group posted earnings per share of $0.24 during the same quarter last year, which suggests a positive year over year growth rate of 112.5%. The business is scheduled to announce its next earnings results on Tuesday, October 29th.
On average, analysts expect that Meta Financial Group will report full-year earnings of $2.79 per share for the current fiscal year, with EPS estimates ranging from $2.76 to $2.81. For the next year, analysts anticipate that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.35 to $3.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Tuesday, July 30th. The savings and loans company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.25. The business had revenue of $110.76 million during the quarter. Meta Financial Group had a return on equity of 11.64% and a net margin of 16.57%.
Shares of NASDAQ:CASH traded up $0.83 during midday trading on Monday, hitting $30.28. 296,900 shares of the stock were exchanged, compared to its average volume of 241,541. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 0.74. Meta Financial Group has a 52-week low of $17.84 and a 52-week high of $31.61. The business’s fifty day simple moving average is $28.21 and its two-hundred day simple moving average is $25.15. The company has a market capitalization of $1.10 billion, a PE ratio of 12.26 and a beta of 1.27.
In other news, Director William David Tull sold 4,978 shares of Meta Financial Group stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $26.52, for a total value of $132,016.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 232,491 shares of company stock worth $6,341,246 over the last quarter. 7.69% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its position in Meta Financial Group by 100.3% during the fourth quarter. Northern Trust Corp now owns 401,446 shares of the savings and loans company’s stock worth $7,784,000 after purchasing an additional 201,013 shares in the last quarter. Geode Capital Management LLC boosted its position in Meta Financial Group by 251.8% during the fourth quarter. Geode Capital Management LLC now owns 333,834 shares of the savings and loans company’s stock worth $6,473,000 after purchasing an additional 238,933 shares in the last quarter. Principal Financial Group Inc. boosted its position in Meta Financial Group by 189.0% during the fourth quarter. Principal Financial Group Inc. now owns 223,951 shares of the savings and loans company’s stock worth $4,342,000 after purchasing an additional 146,463 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Meta Financial Group during the fourth quarter worth $328,000. Finally, Bank of America Corp DE boosted its position in Meta Financial Group by 191.2% during the fourth quarter. Bank of America Corp DE now owns 131,953 shares of the savings and loans company’s stock worth $2,557,000 after purchasing an additional 86,639 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.
About Meta Financial Group
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.
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