Analysts predict that Green Dot Corporation (NYSE:GDOT) will post sales of $192.16 million for the current quarter, according to Zacks. Six analysts have issued estimates for Green Dot Corporation’s earnings. The highest sales estimate is $200.80 million and the lowest is $189.00 million. Green Dot Corporation posted sales of $154.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.4%. The firm is expected to report its next earnings report on Wednesday, November 8th.

On average, analysts expect that Green Dot Corporation will report full-year sales of $192.16 million for the current fiscal year, with estimates ranging from $862.23 million to $889.60 million. For the next year, analysts anticipate that the company will post sales of $950.00 million per share, with estimates ranging from $926.77 million to $986.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Green Dot Corporation.

Green Dot Corporation (NYSE:GDOT) last posted its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $222.50 million during the quarter, compared to analyst estimates of $208.59 million. Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The business’s quarterly revenue was up 28.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS.

A number of equities analysts recently issued reports on the company. Lake Street Capital raised Green Dot Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $41.00 to $44.00 in a report on Wednesday, August 9th. BidaskClub upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Wednesday, July 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 price objective (up from $40.00) on shares of Green Dot Corporation in a research note on Monday, July 24th. Finally, ValuEngine raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Green Dot Corporation currently has an average rating of “Buy” and an average target price of $43.50.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/brokerages-anticipate-green-dot-corporation-gdot-will-announce-quarterly-sales-of-192-16-million/1602826.html.

Green Dot Corporation (NYSE GDOT) opened at 49.58 on Monday. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $50.25. The firm has a market capitalization of $2.50 billion, a PE ratio of 42.16 and a beta of 1.00. The company has a 50 day moving average of $45.96 and a 200 day moving average of $38.55.

In other news, insider Steven W. Streit sold 7,995 shares of Green Dot Corporation stock in a transaction that occurred on Thursday, September 28th. The shares were 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 approximately $10,642,170.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth C. Aldrich sold 10,000 shares of Green Dot Corporation stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $48.28, for a total transaction of $482,800.00. Following the sale, the director now owns 20,563 shares of the company’s stock, valued at $992,781.64. The disclosure for this sale can be found here. In the last three months, insiders sold 148,156 shares of company stock valued at $6,699,117. 11.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. purchased a new position in Green Dot Corporation in the 2nd quarter valued at approximately $108,000. IFP Advisors Inc raised its holdings in Green Dot Corporation by 5,537.3% during 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 during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Green Dot Corporation during the first quarter worth $118,000. Turner Investments LLC acquired a new position in Green Dot Corporation during the second quarter worth $154,000. Finally, Riverhead Capital Management LLC raised its holdings in Green Dot Corporation by 55.0% during the second quarter. Riverhead Capital Management LLC now owns 4,029 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,429 shares during the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.

Green Dot Corporation 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.

Get a free copy of the Zacks research report on Green Dot Corporation (GDOT)

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

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