Zacks: Analysts Expect Green Dot Co. (GDOT) Will Post Earnings of $0.25 Per Share
Analysts predict that Green Dot Co. (NYSE:GDOT) will announce $0.25 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Green Dot’s earnings, with estimates ranging from $0.22 to $0.28. Green Dot posted earnings per share of $0.19 in the same quarter last year, which would indicate a positive year-over-year growth rate of 31.6%. The firm is expected to announce its next earnings report on Wednesday, February 28th.
On average, analysts expect that Green Dot will report full year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.17. For the next financial year, analysts forecast that the business will report earnings of $2.50 per share, with EPS estimates ranging from $2.45 to $2.60. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Green Dot.
Green Dot (NYSE:GDOT) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.14. The business had revenue of $201.60 million for the quarter, compared to analyst estimates of $191.33 million. Green Dot had a return on equity of 12.55% and a net margin of 8.61%. The business’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS.
Several research analysts recently weighed in on the company. Cowen reaffirmed a “hold” rating and issued a $52.00 target price on shares of Green Dot in a research report on Friday, November 10th. Citigroup lowered Green Dot from a “buy” rating to a “neutral” rating and set a $66.00 target price on the stock. in a research report on Monday, November 13th. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a research report on Monday, November 13th. Deutsche Bank increased their target price on Green Dot from $42.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Finally, Morgan Stanley set a $60.00 price objective on Green Dot and gave the company a “hold” rating in a research report on Monday, November 20th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Green Dot has an average rating of “Buy” and a consensus price target of $53.36.
Shares of Green Dot (NYSE:GDOT) traded up $1.13 on Thursday, hitting $60.36. The company had a trading volume of 960,934 shares, compared to its average volume of 463,622. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3,070.00, a price-to-earnings ratio of 35.32 and a beta of 0.96. Green Dot has a twelve month low of $23.39 and a twelve month high of $65.88.
In other news, insider Steven W. Streit sold 7,995 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $49.04, for a total transaction of $392,074.80. Following the completion of the sale, the insider now directly owns 217,010 shares in the company, valued at $10,642,170.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth C. Aldrich sold 10,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $49.54, for a total value of $495,400.00. Following the sale, the director now owns 20,563 shares of the company’s stock, valued at $1,018,691.02. The disclosure for this sale can be found here. Insiders sold 220,901 shares of company stock worth $12,901,958 over the last three months. 11.00% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in GDOT. Aperio Group LLC grew its stake in Green Dot by 21.0% in the second quarter. Aperio Group LLC now owns 25,601 shares of the financial services provider’s stock worth $986,000 after purchasing an additional 4,445 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Green Dot in the second quarter worth about $108,000. Sei Investments Co. grew its stake in Green Dot by 5,956.4% in the second quarter. Sei Investments Co. now owns 19,017 shares of the financial services provider’s stock worth $733,000 after purchasing an additional 18,703 shares in the last quarter. IFP Advisors Inc grew its stake in Green Dot by 5,537.3% in the second quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 2,824 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Green Dot by 8.2% in the second quarter. Legal & General Group Plc now owns 84,898 shares of the financial services provider’s stock worth $3,270,000 after purchasing an additional 6,450 shares in the last quarter. Institutional investors own 79.26% of the company’s stock.
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Green Dot 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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