Wall Street analysts expect Green Dot Co. (NYSE:GDOT) to report earnings of $1.42 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Green Dot’s earnings, with estimates ranging from $1.38 to $1.52. Green Dot posted earnings of $1.40 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The company is scheduled to announce its next earnings report after the market closes on Wednesday, May 8th.
According to Zacks, analysts expect that Green Dot will report full year earnings of $3.62 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $3.67. For the next financial year, analysts forecast that the company will post earnings of $4.12 per share, with EPS estimates ranging from $4.04 to $4.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Green Dot.
Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, February 20th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.25. Green Dot had a return on equity of 15.88% and a net margin of 11.39%. The firm had revenue of $237.83 million during the quarter, compared to analysts’ expectations of $235.80 million. During the same quarter in the prior year, the company earned $0.29 EPS. The company’s revenue was up 11.7% on a year-over-year basis.
A number of equities analysts have recently commented on GDOT shares. SunTrust Banks reduced their price objective on shares of Green Dot to $90.00 and set a “buy” rating for the company in a research note on Thursday, March 14th. BTIG Research upgraded shares of Green Dot from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Thursday, January 3rd. Zacks Investment Research upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Wednesday, January 16th. Needham & Company LLC initiated coverage on shares of Green Dot in a research note on Friday, April 12th. They issued a “buy” rating and a $75.00 target price for the company. Finally, Northland Securities reiterated a “buy” rating and issued a $100.00 target price on shares of Green Dot in a research note on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.57.
In other news, insider Jess Unruh sold 2,147 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $75.29, for a total transaction of $161,647.63. Following the transaction, the insider now directly owns 62,930 shares of the company’s stock, valued at $4,737,999.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Konrad Alt sold 1,837 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $62.66, for a total transaction of $115,106.42. Following the transaction, the insider now directly owns 79,062 shares in the company, valued at $4,954,024.92. The disclosure for this sale can be found here. Insiders have sold 101,155 shares of company stock valued at $6,227,112 over the last 90 days. Company insiders own 7.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in GDOT. Ffcm LLC bought a new position in shares of Green Dot during the fourth quarter worth approximately $27,000. Legacy Financial Advisors Inc. bought a new position in shares of Green Dot during the fourth quarter worth approximately $29,000. Pearl River Capital LLC bought a new position in shares of Green Dot during the fourth quarter worth approximately $40,000. FNY Investment Advisers LLC increased its holdings in shares of Green Dot by 708.8% during the first quarter. FNY Investment Advisers LLC now owns 1,100 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 964 shares during the period. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Green Dot during the fourth quarter worth approximately $70,000. 88.93% of the stock is currently owned by institutional investors.
Shares of Green Dot stock traded up $0.75 during trading hours on Monday, reaching $62.55. 8,005 shares of the company’s stock were exchanged, compared to its average volume of 512,152. Green Dot has a fifty-two week low of $56.23 and a fifty-two week high of $93.00. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 24.72 and a beta of 0.75.
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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