$54.47 Million in Sales Expected for Meta Financial Group Inc. (CASH) This Quarter
Equities research analysts expect Meta Financial Group Inc. (NASDAQ:CASH) to announce sales of $54.47 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Meta Financial Group’s earnings. The highest sales estimate is $55.03 million and the lowest is $53.90 million. Meta Financial Group posted sales of $39.18 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 39%. The business is expected to report its next quarterly earnings report on Monday, January 29th.
On average, analysts expect that Meta Financial Group will report full-year sales of $54.47 million for the current fiscal year, with estimates ranging from $345.00 million to $371.17 million. For the next fiscal year, analysts anticipate that the company will post sales of $505.27 million per share, with estimates ranging from $468.80 million to $541.73 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings results on Monday, October 30th. The savings and loans company reported $1.08 EPS for the quarter, topping the consensus estimate of ($0.30) by $1.38. Meta Financial Group had a return on equity of 15.91% and a net margin of 16.03%.
Meta Financial Group (CASH) opened at $103.15 on Wednesday. The company has a market capitalization of $1,002.73, a P/E ratio of 21.53 and a beta of 0.90. Meta Financial Group has a 12-month low of $60.70 and a 12-month high of $105.50. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 0.55.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, December 7th. This represents a $0.52 dividend on an annualized basis and a yield of 0.50%. Meta Financial Group’s payout ratio is 10.86%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in Meta Financial Group by 115.4% during the third quarter. Bank of New York Mellon Corp now owns 103,779 shares of the savings and loans company’s stock worth $8,137,000 after purchasing an additional 55,590 shares in the last quarter. New York State Teachers Retirement System boosted its position in Meta Financial Group by 485.7% during the third quarter. New York State Teachers Retirement System now owns 4,100 shares of the savings and loans company’s stock worth $321,000 after purchasing an additional 3,400 shares in the last quarter. Prudential Financial Inc. boosted its position in Meta Financial Group by 435.6% during the third quarter. Prudential Financial Inc. now owns 16,014 shares of the savings and loans company’s stock worth $1,255,000 after purchasing an additional 13,024 shares in the last quarter. Vanguard Group Inc. boosted its position in Meta Financial Group by 5.0% during the second quarter. Vanguard Group Inc. now owns 381,675 shares of the savings and loans company’s stock worth $33,970,000 after purchasing an additional 18,144 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Meta Financial Group by 1.6% during the third quarter. Stifel Financial Corp now owns 120,419 shares of the savings and loans company’s stock worth $9,437,000 after purchasing an additional 1,925 shares in the last quarter. Institutional investors own 76.73% of the company’s stock.
About Meta Financial Group
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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