Analysts expect that Green Dot Co. (NYSE:GDOT) will announce sales of $331.59 million for the current quarter, Zacks reports. Six analysts have provided estimates for Green Dot’s earnings, with estimates ranging from $322.31 million to $344.46 million. Green Dot reported sales of $315.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The company is scheduled to report its next earnings report after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that Green Dot will report full-year sales of $1.13 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.18 billion. For the next year, analysts anticipate that the firm will post sales of $1.22 billion, with estimates ranging from $1.20 billion to $1.25 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Green Dot.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Wednesday, February 20th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.25. Green Dot had a return on equity of 15.88% and a net margin of 11.39%. The company had revenue of $237.83 million during the quarter, compared to analyst estimates of $235.80 million. During the same quarter last year, the firm posted $0.29 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis.

GDOT has been the subject of a number of research analyst reports. BTIG Research raised Green Dot from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Thursday, January 3rd. Zacks Investment Research raised Green Dot from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Wednesday, January 16th. ValuEngine lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Saturday, February 23rd. Finally, Keefe, Bruyette & Woods raised Green Dot from a “market perform” rating to an “outperform” rating in a research note on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $91.57.

In other news, insider Steven W. Streit sold 23,105 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $59.60, for a total transaction of $1,377,058.00. Following the completion of the transaction, the insider now directly owns 35,005 shares in the company, valued at $2,086,298. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven W. Streit sold 7,701 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $57.89, for a total value of $445,810.89. Following the transaction, the chief executive officer now owns 69,313 shares of the company’s stock, valued at $4,012,529.57. The disclosure for this sale can be found here. Insiders have sold 101,155 shares of company stock valued at $6,227,112 in the last three months. Insiders own 7.80% of the company’s stock.

Several large investors have recently modified their holdings of GDOT. Falcon Point Capital LLC acquired a new position in Green Dot during the 4th quarter worth $2,514,000. Aurora Investment Counsel purchased a new stake in shares of Green Dot in the 1st quarter valued at about $1,686,000. Emerald Mutual Fund Advisers Trust lifted its holdings in shares of Green Dot by 725.0% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 323,963 shares of the financial services provider’s stock valued at $25,762,000 after purchasing an additional 284,693 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Green Dot by 13.3% in the 3rd quarter. Macquarie Group Ltd. now owns 69,627 shares of the financial services provider’s stock valued at $6,184,000 after purchasing an additional 8,170 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Green Dot in the 4th quarter valued at about $24,043,000. Hedge funds and other institutional investors own 88.69% of the company’s stock.

Shares of GDOT stock opened at $62.22 on Wednesday. Green Dot has a 52 week low of $56.23 and a 52 week high of $93.00. The firm has a market capitalization of $3.23 billion, a P/E ratio of 24.59 and a beta of 0.75.

About Green Dot

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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