Wall Street analysts forecast that Green Dot Co. (NYSE:GDOT) will report ($0.13) earnings per share (EPS) for the current quarter, Zacks reports. Six analysts have made estimates for Green Dot’s earnings. The lowest EPS estimate is ($0.15) and the highest is ($0.08). Green Dot posted earnings of $0.38 per share in the same quarter last year, which would suggest a negative year over year growth rate of 134.2%. The business is scheduled to announce its next quarterly earnings results on Wednesday, November 6th.
According to Zacks, analysts expect that Green Dot will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.14. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.41 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Green Dot.
Green Dot (NYSE:GDOT) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.33. The company had revenue of $278.33 million during the quarter, compared to the consensus estimate of $266.93 million. Green Dot had a net margin of 10.81% and a return on equity of 16.77%. Green Dot’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share.
Several brokerages have weighed in on GDOT. Canaccord Genuity began coverage on shares of Green Dot in a research note on Thursday. They issued a “hold” rating and a $29.00 target price for the company. Craig Hallum lowered their target price on shares of Green Dot from $100.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Northland Securities restated a “hold” rating on shares of Green Dot in a research note on Friday. Barclays set a $41.00 target price on shares of Green Dot and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Zacks Investment Research upgraded shares of Green Dot from a “sell” rating to a “hold” rating and set a $29.00 target price for the company in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Green Dot has an average rating of “Hold” and a consensus price target of $49.69.
GDOT traded down $0.87 during trading on Friday, hitting $27.01. The stock had a trading volume of 770,567 shares, compared to its average volume of 792,319. The company has a market capitalization of $1.43 billion, a PE ratio of 10.68 and a beta of 1.10. Green Dot has a twelve month low of $24.19 and a twelve month high of $93.00. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50 day simple moving average of $34.90 and a two-hundred day simple moving average of $49.84.
In other news, CRO Brett Narlinger sold 5,602 shares of Green Dot stock in a transaction on Friday, September 6th. The shares were sold at an average price of $28.32, for a total transaction of $158,648.64. Following the completion of the sale, the executive now directly owns 71,624 shares in the company, valued at $2,028,391.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.80% of the company’s stock.
Large investors have recently bought and sold shares of the company. CWM LLC lifted its stake in shares of Green Dot by 1,316,671.4% during the second quarter. CWM LLC now owns 92,174 shares of the financial services provider’s stock worth $4,507,000 after buying an additional 92,167 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Green Dot by 87.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 191,117 shares of the financial services provider’s stock valued at $11,591,000 after purchasing an additional 89,310 shares during the period. Globeflex Capital L P lifted its position in Green Dot by 72,871.4% during the first quarter. Globeflex Capital L P now owns 10,216 shares of the financial services provider’s stock valued at $620,000 after purchasing an additional 10,202 shares during the period. Investment Management of Virginia LLC lifted its position in Green Dot by 84.5% during the second quarter. Investment Management of Virginia LLC now owns 54,742 shares of the financial services provider’s stock valued at $2,677,000 after purchasing an additional 25,076 shares during the period. Finally, KAMES CAPITAL plc lifted its position in Green Dot by 12.7% during the second quarter. KAMES CAPITAL plc now owns 1,081,699 shares of the financial services provider’s stock valued at $52,884,000 after purchasing an additional 121,850 shares during the period. Institutional investors and hedge funds own 90.55% of the company’s stock.
About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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