Pathward Financial (NASDAQ:CASH) Announces Earnings Results, Beats Expectations By $0.27 EPS

Key Points

• Pathward Financial beat earnings expectations: The company reported quarterly EPS of $1.85, exceeding the $1.58 consensus estimate by $0.27. Revenue totaled $183.12 million versus expectations of $179.10 million.
• Shares traded at $74.20, with a $1.54 billion market capitalization and a 52-week range of $65.87 to $101.26. The stock’s P/E ratio was 9.30.
• Pathward declared a quarterly dividend of $0.05, equivalent to $0.20 annually and a 0.3% yield. Analysts maintained an overall Buy consensus with an average price target of $101.

Pathward Financial (NASDAQ:CASH - Get Free Report) issued its quarterly earnings data on Wednesday. The savings and loans company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.27, FiscalAI reports. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%. The business had revenue of $183.12 million for the quarter, compared to analysts' expectations of $179.10 million.

Pathward Financial Stock Performance

Shares of NASDAQ:CASH traded up $0.27 during midday trading on Wednesday, reaching $74.20. The company had a trading volume of 431,058 shares, compared to its average volume of 236,208. The company's 50 day moving average price is $77.88 and its 200 day moving average price is $83.91. The company has a current ratio of 0.82, a quick ratio of 0.81 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.54 billion, a P/E ratio of 9.30 and a beta of 0.66. Pathward Financial has a 52-week low of $65.87 and a 52-week high of $101.26.

Pathward Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, September 10th. Pathward Financial's payout ratio is 2.51%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CASH shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pathward Financial in a report on Wednesday, August 5th. Keefe, Bruyette & Woods lowered their target price on shares of Pathward Financial from $108.00 to $97.00 and set an "outperform" rating for the company in a report on Thursday, July 23rd. Finally, Piper Sandler reissued an "overweight" rating and set a $105.00 price target (down from $107.00) on shares of Pathward Financial in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $101.00.

Pathward Financial Company Profile

Pathward Financial, Inc is a financial services holding company that operates primarily through its subsidiary, Pathward, National Association. Based in Sioux Falls, South Dakota, the company provides banking and financial services to consumers and businesses across the United States.

Pathward's businesses include consumer banking, commercial finance, payments and tax-related financial solutions. Its offerings include prepaid and debit card programs, account and payment services, tax refund and tax-related products, and financing solutions for businesses.

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