Wall Street brokerages expect Green Dot Co. (NYSE:GDOT) to announce $229.31 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Green Dot’s earnings, with the highest sales estimate coming in at $235.40 million and the lowest estimate coming in at $226.60 million. Green Dot reported sales of $230.58 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.6%. The firm is scheduled to issue its next earnings report on Wednesday, November 6th.

On average, analysts expect that Green Dot will report full year sales of $1.08 billion for the current financial year, with estimates ranging from $1.06 billion to $1.12 billion. For the next year, analysts anticipate that the company will post sales of $1.14 billion, with estimates ranging from $1.10 billion to $1.24 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms 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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.33. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. The firm had revenue of $278.33 million during the quarter, compared to analyst estimates of $266.93 million. During the same period last year, the firm posted $0.74 EPS. The business’s revenue was up 5.5% compared to the same quarter last year.

Several brokerages have recently issued reports on GDOT. Barclays set a $41.00 target price on Green Dot and gave the company a “buy” rating in a research report on Monday, August 12th. Northland Securities decreased their target price on Green Dot from $58.00 to $35.00 and set a “market perform” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC cut their price target on Green Dot to $42.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Citigroup downgraded Green Dot from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Finally, Loop Capital reiterated a “buy” rating and set a $75.00 price target on shares of Green Dot in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $53.18.

In other Green Dot news, Director Glinda Bridgforth-Hodges sold 6,787 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $47.43, for a total value of $321,907.41. Following the completion of the transaction, the director now owns 2,578 shares in the company, valued at approximately $122,274.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Konrad Alt sold 919 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $41.91, for a total value of $38,515.29. Following the completion of the transaction, the insider now owns 76,724 shares of the company’s stock, valued at approximately $3,215,502.84. The disclosure for this sale can be found here. 7.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cutler Group LP purchased a new stake in shares of Green Dot in the 2nd quarter valued at about $29,000. Tortoise Index Solutions LLC purchased a new stake in shares of Green Dot in the 1st quarter valued at about $43,000. Manchester Capital Management LLC purchased a new stake in shares of Green Dot in the 1st quarter valued at about $53,000. Neo Ivy Capital Management purchased a new stake in shares of Green Dot in the 2nd quarter valued at about $63,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Green Dot by 38.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,346 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 86.60% of the company’s stock.

Shares of Green Dot stock traded down $1.75 during trading hours on Friday, hitting $29.68. 1,094,100 shares of the company’s stock traded hands, compared to its average volume of 805,323. Green Dot has a 12-month low of $24.19 and a 12-month high of $93.00. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 11.73 and a beta of 0.96. The company has a fifty day simple moving average of $42.59 and a 200-day simple moving average of $54.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01.

Green Dot Company Profile

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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Earnings History and Estimates for Green Dot (NYSE:GDOT)

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