Wall Street analysts forecast that Green Dot Co. (NYSE:GDOT) will post earnings per share (EPS) of $0.70 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Green Dot’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.50. Green Dot posted earnings of $0.74 per share during the same quarter last year, which would indicate a negative year over year growth rate of 5.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Green Dot will report full-year earnings of $2.86 per share for the current fiscal year, with EPS estimates ranging from $2.69 to $2.93. For the next year, analysts expect that the business will post earnings of $3.85 per share, with EPS estimates ranging from $3.44 to $4.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Green Dot.

Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.10. The firm had revenue of $340.51 million for the quarter, compared to the consensus estimate of $330.17 million. Green Dot had a return on equity of 15.74% and a net margin of 10.56%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.

Several equities analysts have recently weighed in on GDOT shares. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Friday, May 3rd. ValuEngine downgraded Green Dot from a “buy” rating to a “hold” rating in a research report on Saturday, February 23rd. Keefe, Bruyette & Woods raised Green Dot from a “market perform” rating to an “outperform” rating in a research report on Monday, April 1st. Finally, SunTrust Banks cut their target price on Green Dot to $90.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $82.71.

Shares of NYSE GDOT traded down $0.83 during trading hours on Wednesday, hitting $47.89. 625,776 shares of the company traded hands, compared to its average volume of 798,123. The company has a market cap of $2.59 billion, a P/E ratio of 18.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.04 and a current ratio of 1.04. Green Dot has a 12 month low of $41.67 and a 12 month high of $93.00.

In other Green Dot news, insider Jess Unruh sold 2,151 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $63.98, for a total value of $137,620.98. Following the completion of the sale, the insider now directly owns 63,646 shares in the company, valued at approximately $4,072,071.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark L. Shifke sold 1,250 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $65.11, for a total value of $81,387.50. Following the completion of the sale, the chief financial officer now owns 591,740 shares of the company’s stock, valued at $38,528,191.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,427 shares of company stock valued at $6,612,055. 7.80% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Aurora Investment Counsel purchased a new stake in shares of Green Dot in the 1st quarter worth $1,686,000. Falcon Point Capital LLC purchased a new stake in shares of Green Dot during the 4th quarter worth $2,514,000. Emerald Mutual Fund Advisers Trust lifted its stake in shares of Green Dot by 725.0% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 323,963 shares of the financial services provider’s stock worth $25,762,000 after purchasing an additional 284,693 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Green Dot during the 4th quarter worth $24,043,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Green Dot by 13.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,250 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 88.02% of the company’s stock.

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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