Analysts expect Green Dot Co. (NYSE:GDOT) to announce earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Green Dot’s earnings, with estimates ranging from $0.41 to $0.51. Green Dot posted earnings of $0.34 per share in the same quarter last year, which would suggest a positive year over year growth rate of 29.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Green Dot will report full year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.12. For the next financial year, analysts forecast that the business will post earnings of $3.55 per share, with EPS estimates ranging from $3.48 to $3.66. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Green Dot.
Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The business had revenue of $258.30 million during the quarter, compared to analyst estimates of $250.18 million. During the same quarter in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year.
GDOT has been the subject of several recent research reports. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Craig Hallum reiterated a “buy” rating and set a $95.00 price objective on shares of Green Dot in a research note on Tuesday, July 17th. Jefferies Financial Group boosted their price objective on shares of Green Dot from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Citigroup boosted their price objective on shares of Green Dot from $77.00 to $93.00 and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Morgan Stanley boosted their price objective on shares of Green Dot from $67.00 to $73.00 and gave the stock a “$81.43” rating in a research note on Thursday, July 19th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $83.00.
NYSE:GDOT opened at $75.81 on Thursday. Green Dot has a one year low of $54.08 and a one year high of $91.51. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $3.99 billion, a PE ratio of 47.98 and a beta of 0.70.
In other Green Dot news, insider Steven W. Streit sold 28,828 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $82.95, for a total transaction of $2,391,282.60. Following the sale, the insider now owns 47,740 shares of the company’s stock, valued at approximately $3,960,033. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven W. Streit sold 9,557 shares of the business’s stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $82.08, for a total transaction of $784,438.56. Following the sale, the chief executive officer now directly owns 47,740 shares in the company, valued at approximately $3,918,499.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 344,280 shares of company stock valued at $28,837,674. 11.00% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. NJ State Employees Deferred Compensation Plan grew its position in Green Dot by 25.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 10,000 shares of the financial services provider’s stock worth $888,000 after purchasing an additional 2,000 shares during the last quarter. Scout Investments Inc. grew its position in Green Dot by 2.3% during the 3rd quarter. Scout Investments Inc. now owns 56,256 shares of the financial services provider’s stock worth $4,997,000 after purchasing an additional 1,259 shares during the last quarter. KAMES CAPITAL plc grew its position in Green Dot by 146.8% during the 3rd quarter. KAMES CAPITAL plc now owns 704,566 shares of the financial services provider’s stock worth $62,580,000 after purchasing an additional 419,034 shares during the last quarter. Clarus Wealth Advisors purchased a new stake in Green Dot during the 3rd quarter worth approximately $287,000. Finally, United Services Automobile Association grew its position in Green Dot by 11.8% during the 2nd quarter. United Services Automobile Association now owns 9,406 shares of the financial services provider’s stock worth $690,000 after purchasing an additional 991 shares during the last quarter. 83.61% of the stock is currently owned by institutional investors.
About Green Dot
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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