Meta Financial Group Inc. (NASDAQ:CASH) Expected to Announce Earnings of $0.52 Per Share

Equities research analysts expect Meta Financial Group Inc. (NASDAQ:CASH) to report earnings of $0.52 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Meta Financial Group’s earnings, with estimates ranging from $0.47 to $0.57. Meta Financial Group reported earnings per share of $0.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The company is scheduled to report its next earnings results on Monday, January 27th.

According to Zacks, analysts expect that Meta Financial Group will report full year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.35 to $3.45. For the next year, analysts anticipate that the business will post earnings of $3.93 per share, with EPS estimates ranging from $3.86 to $4.00. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Meta Financial Group.

Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $101.60 million during the quarter, compared to the consensus estimate of $103.94 million. Meta Financial Group had a net margin of 17.69% and a return on equity of 12.70%.

CASH has been the subject of several analyst reports. B. Riley raised their price target on shares of Meta Financial Group from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James raised their price target on shares of Meta Financial Group from $38.00 to $41.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods set a $39.00 price target on shares of Meta Financial Group and gave the company a “buy” rating in a research note on Friday, September 13th. Zacks Investment Research downgraded shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. Finally, BidaskClub downgraded shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $40.00.

Shares of CASH stock traded up $0.16 during trading hours on Monday, hitting $32.47. 123,500 shares of the company’s stock traded hands, compared to its average volume of 298,922. The stock’s 50 day simple moving average is $33.18 and its 200 day simple moving average is $29.63. The stock has a market cap of $1.21 billion, a PE ratio of 12.21 and a beta of 1.25. Meta Financial Group has a 12 month low of $17.84 and a 12 month high of $36.06. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 0.26.

In other Meta Financial Group news, insider Michael K. Goik sold 13,872 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $32.30, for a total value of $448,065.60. Following the completion of the sale, the insider now directly owns 171,535 shares in the company, valued at $5,540,580.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.69% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Private Advisors LLC grew its holdings in shares of Meta Financial Group by 12.0% during the second quarter. Private Advisors LLC now owns 69,123 shares of the savings and loans company’s stock valued at $1,939,000 after buying an additional 7,405 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Meta Financial Group by 10.7% during the second quarter. BlackRock Inc. now owns 4,634,360 shares of the savings and loans company’s stock valued at $129,993,000 after buying an additional 448,762 shares during the last quarter. Second Curve Capital LLC grew its holdings in shares of Meta Financial Group by 3.7% during the second quarter. Second Curve Capital LLC now owns 591,809 shares of the savings and loans company’s stock valued at $16,600,000 after buying an additional 20,878 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Meta Financial Group by 12.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 25,899 shares of the savings and loans company’s stock valued at $710,000 after buying an additional 2,790 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Meta Financial Group by 99.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,862 shares of the savings and loans company’s stock valued at $80,000 after buying an additional 1,427 shares during the last quarter. Institutional investors and hedge funds own 75.29% 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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Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

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