Wall Street brokerages predict that Meta Financial Group Inc. (NASDAQ:CASH) will post earnings of $0.51 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Meta Financial Group’s earnings, with estimates ranging from $0.49 to $0.52. Meta Financial Group reported earnings of $0.24 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 112.5%. The firm is expected to issue its next earnings results on Tuesday, October 29th.
According to Zacks, 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 fiscal year, analysts expect that the firm will post earnings of $3.43 per share, with EPS estimates ranging from $3.35 to $3.50. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Tuesday, July 30th. The savings and loans company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.25. Meta Financial Group had a net margin of 16.57% and a return on equity of 11.64%. The business had revenue of $110.76 million for the quarter.
Several analysts have issued reports on the stock. BidaskClub upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. B. Riley upgraded shares of Meta Financial Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $25.00 to $33.00 in a research note on Friday, April 26th. Finally, Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Meta Financial Group presently has a consensus rating of “Buy” and a consensus price target of $35.33.
NASDAQ CASH traded down $0.19 on Monday, hitting $29.12. The stock had a trading volume of 129,353 shares, compared to its average volume of 315,836. Meta Financial Group has a 52-week low of $17.84 and a 52-week high of $31.61. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.12 billion, a P/E ratio of 10.36 and a beta of 1.27. The business has a 50-day moving average of $28.08.
In other news, Director William David Tull sold 22,200 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $26.84, for a total transaction of $595,848.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 247,291 shares of company stock worth $6,733,446. Corporate insiders own 7.69% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in Meta Financial Group in the second quarter worth about $1,478,000. Charles Schwab Investment Management Inc. raised its holdings in Meta Financial Group by 15.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 183,468 shares of the savings and loans company’s stock worth $5,147,000 after buying an additional 25,054 shares during the last quarter. Panagora Asset Management Inc. purchased a new position in Meta Financial Group in the second quarter worth about $49,000. Russell Investments Group Ltd. raised its holdings in Meta Financial Group by 7.2% in the second quarter. Russell Investments Group Ltd. now owns 38,991 shares of the savings and loans company’s stock worth $1,094,000 after buying an additional 2,617 shares during the last quarter. Finally, Private Advisors LLC raised its holdings in Meta Financial Group by 12.0% in the second quarter. Private Advisors LLC now owns 69,123 shares of the savings and loans company’s stock worth $1,939,000 after buying an additional 7,405 shares during the last quarter. Hedge funds and other institutional investors own 69.98% of the company’s stock.
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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