Wall Street brokerages expect GreenSky Inc (NASDAQ:GSKY) to report $0.20 earnings per share for the current quarter, Zacks reports. Three analysts have made 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 business is scheduled to issue its next 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 year, with EPS estimates ranging from $0.64 to $0.66. For the next financial year, analysts forecast that the business will post earnings of $0.89 per share, with EPS estimates ranging from $0.85 to $0.91. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow GreenSky.

GreenSky (NASDAQ:GSKY) last posted its earnings results on Tuesday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. The company had revenue of $105.70 million for the quarter, compared to analysts’ expectations of $105.57 million.

A number of analysts recently weighed in on the company. Cowen upgraded GreenSky from a “neutral” rating to a “buy” rating in a research report on Thursday, August 16th. Compass Point upgraded GreenSky from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Thursday, August 16th. They noted that the move was a valuation call. Credit Suisse Group decreased their target price on GreenSky from $29.00 to $28.00 and set an “outperform” rating for the company in a report on Wednesday, August 8th. Citigroup decreased their target price on GreenSky from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 8th. Finally, Sandler O’Neill restated a “hold” rating and set a $20.00 target price on shares of GreenSky in a report on Wednesday, August 8th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. GreenSky presently has an average rating of “Buy” and a consensus target price of $27.60.

In other news, Director Nigel W. Morris purchased 62,500 shares of GreenSky stock in a transaction that occurred on Friday, August 10th. The shares were bought at an average cost of $15.69 per share, with a total value of $980,625.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

NASDAQ:GSKY traded down $0.15 during mid-day trading on Thursday, reaching $19.83. The stock had a trading volume of 428,952 shares, compared to its average volume of 1,384,199. GreenSky has a one year low of $14.49 and a one year high of $27.01. The company has a debt-to-equity ratio of -8.35, a quick ratio of 31.97 and a current ratio of 31.97.

GreenSky Company Profile

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.

Featured Article: How Do Tariffs Affect Trade Balances?

Get a free copy of the Zacks research report on GreenSky (GSKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

Receive News & Ratings for GreenSky Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenSky and related companies with MarketBeat.com's FREE daily email newsletter.