Green Dot Co. (GDOT) Expected to Announce Earnings of $0.43 Per Share
Equities analysts predict that Green Dot Co. (NYSE:GDOT) will announce earnings per share (EPS) of $0.43 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Green Dot’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.51. Green Dot reported earnings per share of $0.34 in the same quarter last year, which would indicate a positive year over year growth rate of 26.5%. The business is expected to report its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Green Dot will report full-year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.05 to $3.12. For the next fiscal year, analysts anticipate that the company will report earnings of $3.55 per share, with EPS estimates ranging from $3.48 to $3.66. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Green Dot.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. The firm had revenue of $258.30 million during the quarter, compared to analysts’ expectations of $250.18 million. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share.
In related news, CAO Jess Unruh sold 11,043 shares of Green Dot stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $85.11, for a total value of $939,869.73. Following the completion of the transaction, the chief accounting officer now owns 87,312 shares in the company, valued at $7,431,124.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven W. Streit sold 13,298 shares of Green Dot stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $75.36, for a total transaction of $1,002,137.28. Following the completion of the transaction, the chief executive officer now owns 158,728 shares of the company’s stock, valued at approximately $11,961,742.08. The disclosure for this sale can be found here. Insiders sold 325,298 shares of company stock valued at $26,014,717 in the last quarter. 9.70% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. lifted its position in shares of Green Dot by 0.5% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 146,543 shares of the financial services provider’s stock worth $10,755,000 after buying an additional 698 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Green Dot by 7.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 9,600 shares of the financial services provider’s stock worth $705,000 after buying an additional 700 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Green Dot by 5.3% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 15,394 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 775 shares during the last quarter. Vident Investment Advisory LLC raised its position in Green Dot by 1.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 55,622 shares of the financial services provider’s stock valued at $4,082,000 after purchasing an additional 834 shares during the last quarter. Finally, Comerica Bank raised its position in Green Dot by 1.4% in the 2nd quarter. Comerica Bank now owns 63,588 shares of the financial services provider’s stock valued at $5,035,000 after purchasing an additional 893 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Shares of GDOT stock traded down $0.36 during trading on Tuesday, reaching $85.31. The company’s stock had a trading volume of 207,500 shares, compared to its average volume of 350,012. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $4.50 billion, a P/E ratio of 54.04 and a beta of 0.75. Green Dot has a 1-year low of $46.45 and a 1-year high of $87.13.
Green Dot Company Profile
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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