Green Dot Corporation (NYSE:GDOT) will issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Green Dot Corporation has set its Q3 guidance at $0.25 EPS and its FY17 guidance at $1.99-$2.03 EPS.
Green Dot Corporation (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $222.50 million during the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. On average, analysts expect Green Dot Corporation to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Green Dot Corporation (GDOT) opened at $56.58 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.10. The company has a market cap of $2,854.74, a PE ratio of 35.14 and a beta of 0.91.
GDOT has been the subject of a number of analyst reports. Craig Hallum initiated coverage on shares of Green Dot Corporation in a research note on Thursday, October 5th. They issued a “buy” rating and a $70.00 target price for the company. Citigroup Inc. lifted their target price on shares of Green Dot Corporation from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Zacks Investment Research cut shares of Green Dot Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. BidaskClub cut shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Finally, ValuEngine upgraded shares of Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $47.91.
In related news, COO Kuan Archer sold 11,898 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $56.11, for a total transaction of $667,596.78. Following the transaction, the chief operating officer now owns 109,348 shares of the company’s stock, valued at $6,135,516.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rajeev V. Date sold 4,674 shares of the business’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $45.45, for a total transaction of $212,433.30. Following the transaction, the director now directly owns 2,889 shares in the company, valued at approximately $131,305.05. The disclosure for this sale can be found here. Insiders have sold 163,054 shares of company stock worth $8,099,509 in the last ninety days. 11.00% of the stock is currently owned by insiders.
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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