Brokerages Anticipate Green Dot Corporation (GDOT) Will Announce Quarterly Sales of $192.16 Million
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.
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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.
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