Pathward Financial (CASH) Set to Announce Earnings on Wednesday

Pathward Financial (NASDAQ:CASH) will announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect Pathward Financial to post earnings of $2.37 per share for the quarter. Pathward Financial has set its FY24 guidance at $6.20-6.70 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Pathward Financial (NASDAQ:CASH) last announced its earnings results on Wednesday, January 24th. The savings and loans company reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.17). Pathward Financial had a return on equity of 24.97% and a net margin of 22.22%. The company had revenue of $162.80 million for the quarter, compared to the consensus estimate of $166.45 million. During the same period in the prior year, the business earned $0.81 earnings per share. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect Pathward Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Pathward Financial Trading Down 0.1 %

NASDAQ CASH opened at $50.35 on Tuesday. The firm has a market capitalization of $1.28 billion, a PE ratio of 8.27 and a beta of 0.71. The business’s 50-day moving average price is $50.01 and its two-hundred day moving average price is $50.04. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 0.05. Pathward Financial has a 12 month low of $39.90 and a 12 month high of $60.49.

Pathward Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.40%. The ex-dividend date was Monday, March 11th. Pathward Financial’s payout ratio is presently 3.28%.

Insider Buying and Selling

In related news, President Anthony M. Sharett sold 1,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the transaction, the president now directly owns 33,146 shares in the company, valued at approximately $1,574,435. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on CASH shares. Keefe, Bruyette & Woods reduced their target price on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Piper Sandler reduced their target price on Pathward Financial from $69.00 to $68.00 and set an “overweight” rating on the stock in a report on Thursday, January 25th.

Pathward Financial Company Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.