Brokerages expect GreenSky Inc (NASDAQ:GSKY) to post sales of $137.94 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for GreenSky’s earnings. The highest sales estimate is $141.30 million and the lowest is $132.00 million. GreenSky posted sales of $105.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 30.5%. The business is expected to announce its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that GreenSky will report full year sales of $543.33 million for the current year, with estimates ranging from $528.00 million to $550.90 million. For the next fiscal year, analysts forecast that the business will post sales of $679.58 million, with estimates ranging from $634.00 million to $710.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for GreenSky.
GreenSky (NASDAQ:GSKY) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. GreenSky had a negative return on equity of 120.94% and a net margin of 6.27%. The company had revenue of $103.70 million during the quarter, compared to analysts’ expectations of $103.46 million. The company’s quarterly revenue was up 21.6% on a year-over-year basis.
GSKY has been the subject of a number of research analyst reports. SunTrust Banks boosted their price objective on GreenSky to $14.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Citigroup boosted their price objective on GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Guggenheim cut GreenSky from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $13.75 to $13.76 in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. boosted their price objective on GreenSky from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.87.
Shares of NASDAQ:GSKY traded down $0.06 during trading on Friday, reaching $12.54. 703,130 shares of the stock were exchanged, compared to its average volume of 1,283,620. GreenSky has a 12 month low of $8.30 and a 12 month high of $25.23. The stock has a market cap of $2.28 billion and a PE ratio of 179.14.
In related news, Director Gregg Steven Freishtat sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $16.06, for a total value of $48,180.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of GreenSky by 81.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,943 shares of the company’s stock worth $25,000 after purchasing an additional 872 shares during the last quarter. Advisor Group Inc. boosted its holdings in GreenSky by 140.1% in the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock worth $34,000 after buying an additional 2,011 shares during the period. Cowen Prime Services LLC boosted its holdings in GreenSky by 100.0% in the 1st quarter. Cowen Prime Services LLC now owns 4,000 shares of the company’s stock worth $52,000 after buying an additional 2,000 shares during the period. Sterling Investment Advisors Ltd. boosted its holdings in GreenSky by 100.0% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock worth $52,000 after buying an additional 2,000 shares during the period. Finally, Royce & Associates LP bought a new position in GreenSky in the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 32.41% of the company’s stock.
GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.
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