Pathward Financial (CASH) Set to Announce Earnings on Wednesday

Pathward Financial (NASDAQ:CASH) will post its quarterly 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Pathward Financial (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, January 24th. The savings and loans company reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.17). The firm had revenue of $162.80 million during the quarter, compared to the consensus estimate of $166.45 million. Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. Pathward Financial’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. 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 Price Performance

CASH stock opened at $50.35 on Tuesday. The stock has a 50-day moving average price of $50.01 and a two-hundred day moving average price of $50.04. The stock has a market cap of $1.28 billion, a PE ratio of 8.27 and a beta of 0.71. 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 1 year low of $39.90 and a 1 year high of $60.49.

Pathward Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Piper Sandler lowered their target price on Pathward Financial from $69.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, January 25th. Keefe, Bruyette & Woods lowered their target price on Pathward Financial from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Friday, April 5th.

Insider Activity

In other news, President Anthony M. Sharett sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $47.50, for a total value of $47,500.00. Following the completion of the transaction, the president now owns 33,146 shares in the company, valued at approximately $1,574,435. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.

About Pathward Financial

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.