Equities research analysts expect that Green Dot Corporation (NYSE:GDOT) will announce earnings per share (EPS) of $0.31 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Green Dot Corporation’s earnings, with estimates ranging from $0.30 to $0.33. Green Dot Corporation posted earnings of $0.19 per share during the same quarter last year, which suggests a positive year over year growth rate of 63.2%. The firm is expected to announce its next earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Green Dot Corporation will report full year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.62. For the next financial year, analysts expect that the business will report earnings of $1.85 per share, with EPS estimates ranging from $1.78 to $1.91. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Green Dot Corporation.
Green Dot Corporation (NYSE:GDOT) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.14. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The firm had revenue of $253 million for the quarter, compared to analysts’ expectations of $233.49 million. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis.
A number of brokerages recently weighed in on GDOT. Zacks Investment Research downgraded Green Dot Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Citigroup Inc. raised their price objective on Green Dot Corporation from $32.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, April 4th. Jefferies Group LLC reaffirmed a “buy” rating and set a $42.00 price objective on shares of Green Dot Corporation in a research report on Monday, May 22nd. Lake Street Capital began coverage on Green Dot Corporation in a research report on Monday, June 26th. They set a “hold” rating and a $41.00 price objective on the stock. Finally, Keefe, Bruyette & Woods set a $37.00 price objective on Green Dot Corporation and gave the company a “hold” rating in a research report on Thursday, July 6th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Green Dot Corporation has an average rating of “Buy” and a consensus price target of $34.91.
In other news, General Counsel John C. Ricci sold 30,709 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $36.16, for a total value of $1,110,437.44. Following the completion of the transaction, the general counsel now directly owns 115,997 shares in the company, valued at $4,194,451.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Mark L. Shifke sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $36.09, for a total value of $180,450.00. Following the completion of the transaction, the chief financial officer now owns 780,062 shares of the company’s stock, valued at $28,152,437.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 215,839 shares of company stock valued at $7,881,406. Company insiders own 11.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. purchased a new position in shares of Green Dot Corporation during the first quarter valued at about $118,000. Asset Management One Co. Ltd. bought a new position in shares of Green Dot Corporation during the first quarter valued at $162,000. State of Alaska Department of Revenue boosted its position in shares of Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock valued at $164,000 after buying an additional 130 shares in the last quarter. Ronald Blue & Co. LLC bought a new position in shares of Green Dot Corporation during the first quarter valued at $215,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Green Dot Corporation during the second quarter valued at $254,000. Hedge funds and other institutional investors own 80.01% of the company’s stock.
Shares of Green Dot Corporation (NYSE GDOT) traded down 0.72% during mid-day trading on Friday, hitting $39.72. 318,395 shares of the stock were exchanged. The stock’s 50 day moving average is $37.81 and its 200 day moving average is $31.38. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $40.19. The firm has a market cap of $1.98 billion, a P/E ratio of 40.82 and a beta of 1.03.
Green Dot Corporation Company Profile
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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