Wall Street analysts expect that GreenSky Inc (NASDAQ:GSKY) will announce earnings per share of $0.20 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for GreenSky’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.19. The firm is expected to issue its next quarterly earnings results on Tuesday, November 6th.

On average, analysts expect that GreenSky will report full year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.66. For the next financial year, analysts forecast that the business will report earnings of $0.89 per share, with EPS estimates ranging from $0.85 to $0.91. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for GreenSky.

GreenSky (NASDAQ:GSKY) last announced its quarterly earnings results on Tuesday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $105.70 million during the quarter, compared to the consensus estimate of $105.57 million.

A number of brokerages have recently commented on GSKY. Goldman Sachs Group began coverage on shares of GreenSky in a research note on Monday, June 18th. They issued a “buy” rating and a $31.00 price target for the company. Guggenheim began coverage on shares of GreenSky in a research note on Monday, June 18th. They issued a “buy” rating and a $30.00 price target for the company. Cowen upgraded shares of GreenSky from a “neutral” rating to a “buy” rating in a research note on Thursday, August 16th. Morgan Stanley began coverage on shares of GreenSky in a research note on Monday, June 18th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Citigroup began coverage on shares of GreenSky in a research note on Tuesday, June 19th. They issued a “buy” rating and a $28.00 price target for the company. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. GreenSky has an average rating of “Buy” and an average target price of $27.60.

Shares of GSKY stock opened at $19.98 on Thursday. GreenSky has a 52 week low of $14.49 and a 52 week high of $27.01. The company has a debt-to-equity ratio of -8.35, a current ratio of 31.97 and a quick ratio of 31.97.

In other GreenSky news, Director Nigel W. Morris acquired 62,500 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average price of $15.69 per share, with a total value of $980,625.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. purchased a new position in shares of GreenSky in the second quarter worth approximately $118,000. California Public Employees Retirement System purchased a new position in shares of GreenSky in the second quarter worth approximately $212,000. EJF Capital LLC purchased a new position in shares of GreenSky in the second quarter worth approximately $212,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of GreenSky in the second quarter worth approximately $229,000. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of GreenSky in the second quarter worth approximately $235,000. 30.98% of the stock is currently owned by institutional investors.

About GreenSky

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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Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

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