Analysts Anticipate Green Dot Co. (GDOT) Will Announce Earnings of $0.25 Per Share
Wall Street analysts expect that Green Dot Co. (NYSE:GDOT) will post earnings of $0.25 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Green Dot’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.22. 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 business is scheduled to issue its next quarterly earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that Green Dot will report full-year earnings of $2.13 per share for the current financial year, with EPS estimates ranging from $2.11 to $2.17. For the next financial year, analysts forecast that the company will post 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 analysts that that provide coverage for Green Dot.
Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 8.61% and a return on equity of 12.55%. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS.
GDOT has been the subject of several research reports. Craig Hallum initiated coverage on shares of Green Dot in a research note on Thursday, October 5th. They issued a “buy” rating and a $70.00 price objective for the company. Citigroup increased their price objective on shares of Green Dot from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, September 18th. Zacks Investment Research downgraded shares of Green Dot from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group reissued a “buy” rating and issued a $53.00 price objective on shares of Green Dot in a research note on Thursday, October 12th. Finally, BidaskClub downgraded shares of Green Dot from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.36.
Shares of Green Dot (NYSE:GDOT) traded down $0.75 during trading hours on Thursday, reaching $60.92. 407,000 shares of the company traded hands, compared to its average volume of 355,603. The company has a market cap of $3,010.00, a P/E ratio of 36.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.96 and a current ratio of 0.96. Green Dot has a fifty-two week low of $23.39 and a fifty-two week high of $65.88.
In related news, insider Steven W. Streit sold 7,995 shares of Green Dot stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $48.56, for a total transaction of $388,237.20. Following the completion of the transaction, the insider now owns 217,010 shares of the company’s stock, valued at $10,538,005.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven W. Streit sold 20,490 shares of Green Dot stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $59.96, for a total transaction of $1,228,580.40. Following the transaction, the insider now directly owns 176,621 shares of the company’s stock, valued at approximately $10,590,195.16. The disclosure for this sale can be found here. Insiders have sold 193,581 shares of company stock valued at $11,230,520 in the last three months. 11.00% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of GDOT. Rothschild Asset Management Inc. acquired a new stake in Green Dot in the third quarter worth $29,051,000. Renaissance Technologies LLC grew its holdings in Green Dot by 57.4% in the second quarter. Renaissance Technologies LLC now owns 821,842 shares of the financial services provider’s stock worth $31,666,000 after purchasing an additional 299,842 shares during the period. JPMorgan Chase & Co. grew its holdings in Green Dot by 202.2% in the second quarter. JPMorgan Chase & Co. now owns 439,593 shares of the financial services provider’s stock worth $16,937,000 after purchasing an additional 294,121 shares during the period. GMT Capital Corp acquired a new stake in Green Dot in the third quarter worth $13,178,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Green Dot in the third quarter worth $7,420,000. Institutional investors and hedge funds own 79.26% of the company’s stock.
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About Green Dot
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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