Meta Financial Group, Inc. (NASDAQ:CASH) Expected to Report Quarterly Sales of $202.14 Million
Equity research analysts predict that Meta Financial Group, Inc. (NASDAQ: CASH – Get a rating) will announce sales of $202.14 million for the current quarter, Zacks Investment Research reports. Three analysts released earnings estimates for Meta Financial Group. The lowest sales estimate is $194.43 million and the highest is $207.07 million. Meta Financial Group recorded sales of $187.30 million in the same quarter last year, suggesting a positive year-over-year growth rate of 7.9%. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect Meta Financial Group to post annual revenue of $607.26 million for the current fiscal year, with estimates ranging from $572.78 million to $626.88 millions of dollars. For the next fiscal year, analysts expect the company to post sales of $652.50 million, with estimates ranging from $636.54 million to $682.10 million. Zacks Investment Research sales averages are an average average based on a survey of research analysts who follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH- Get a rating) last released its quarterly results on Tuesday, January 25. The savings and loan company reported EPS of $2.00 for the quarter, beating Thomson Reuters consensus estimate of $0.77 from $1.23. Meta Financial Group achieved a net margin of 28.68% and a return on equity of 15.89%. In the same quarter last year, the company made earnings per share of $0.84.
CASH has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Meta Financial Group from a “hold” rating to a “sell” rating in a Tuesday, Jan. 11 research report. B. Riley raised his price target on Meta Financial Group shares from $68.00 to $70.00 in a Wednesday, January 12 research report.
CASH stock opened at $55.69 on Wednesday. The company has a market capitalization of $1.66 billion, a price-earnings ratio of 10.03 and a beta of 0.87. The company has a 50-day simple moving average of $56.45 and a two-hundred-day simple moving average of $57.51. Meta Financial Group has a one-year low of $43.02 and a one-year high of $65.96. The company has a debt ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 1. Investors of record on Thursday, March 10 will receive a dividend of $0.05. This represents an annualized dividend of $0.20 and a dividend yield of 0.36%. The ex-dividend date is Wednesday, March 9. Meta Financial Group’s payout ratio is currently 3.60%.
In related news, EVP Sonja Anne Theisen sold 1,066 shares in a trade that took place on Friday, January 14. The shares were sold at an average price of $62.00, for a total value of $66,092.00. The sale was disclosed in an SEC filing, available at the SEC website. Also, CFO Glen William Herrick sold 15,145 shares in a trade that took place on Tuesday, February 1. The stock was sold at an average price of $59.62, for a total transaction of $902,944.90. Disclosure of this sale can be found here. Insiders sold a total of 18,541 shares of the company valued at $1,108,837 in the past ninety days. 2.00% of the shares are currently held by insiders.
A number of large investors have recently changed their stock holdings. City State Bank acquired a new position in Meta Financial Group in Q4 for a value of approximately $176,000. Wells Fargo & Company MN increased its stake in shares of Meta Financial Group by 78.0% during the 4th quarter. Wells Fargo & Company MN now owns 37,529 shares of the savings and loan company worth $2,239,000 after purchasing an additional 16,448 shares during the period. First Community Trust NA acquired a new stake in shares of Meta Financial Group during Q4 worth approximately $54,000. Deutsche Bank AG increased its stake in shares of Meta Financial Group by 519.0% during the 4th quarter. Deutsche Bank AG now owns 132,402 shares in the savings and loan company worth $7,899,000 after purchasing an additional 111,011 shares during the period. Finally, California State Teachers Retirement System increased its stake in Meta Financial Group shares by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 42,782 shares of the savings and loan company worth $2,552,000 after purchasing an additional 954 shares during the period. Institutional investors hold 84.64% of the company’s shares.
About Meta Financial Group (Get a rating)
Meta Financial Group, Inc operates as a financial holding company, which provides savings and loan services. The Company operates through the following business segments: Consumer, Commercial & Enterprise Services and Other. The Consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance and other tax services.
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