Pathward Financial (NASDAQ:CASH) Updates FY 2023 Earnings Guidance

Pathward Financial (NASDAQ:CASH) issued an update on its FY 2023 earnings guidance on Wednesday morning. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS estimate of 6.320. The company issued revenue guidance of -. Pathward Financial also updated its FY24 guidance to $6.30-6.60 EPS.

Pathward Financial Price Performance

Shares of NASDAQ CASH traded up $1.64 on Thursday, hitting $52.73. The company’s stock had a trading volume of 126,325 shares, compared to its average volume of 178,343. Pathward Financial has a 12-month low of $40.15 and a 12-month high of $60.49. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 8.82 and a beta of 0.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.72 and a quick ratio of 0.71. The stock has a 50 day moving average of $50.00 and a 200-day moving average of $50.07.

Pathward Financial (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, April 24th. The savings and loans company reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.19. The business had revenue of $247.25 million for the quarter, compared to the consensus estimate of $240.46 million. Pathward Financial had a net margin of 22.22% and a return on equity of 24.97%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.18 earnings per share. As a group, research analysts predict that Pathward Financial will post 6.32 EPS for the current year.

Pathward Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Tuesday, March 12th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.38%. The ex-dividend date was Monday, March 11th. Pathward Financial’s dividend payout ratio (DPR) is 3.28%.

Analysts Set New Price Targets

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

Insider Transactions at Pathward Financial

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

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.