Brokerages forecast that Green Dot Co. (NYSE:GDOT) will report earnings per share of $0.63 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Green Dot’s earnings, with estimates ranging from $0.61 to $0.67. Green Dot posted earnings of $0.55 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.5%. The business is scheduled to announce its next earnings results on Tuesday, August 14th.
On average, analysts expect that Green Dot will report full year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.96 to $3.07. For the next fiscal year, analysts forecast that the business will post earnings of $3.40 per share, with EPS estimates ranging from $3.33 to $3.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Green Dot.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.11. The company had revenue of $315.00 million during the quarter, compared to analyst estimates of $297.25 million. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 EPS.
GDOT has been the subject of a number of research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Green Dot in a research note on Monday, February 12th. Citigroup raised shares of Green Dot from a “neutral” rating to a “buy” rating and upped their price target for the stock from $66.00 to $68.00 in a research note on Tuesday, February 13th. Craig Hallum reaffirmed a “buy” rating and issued a $75.00 price target (up from $70.00) on shares of Green Dot in a research note on Thursday, February 22nd. Morgan Stanley reaffirmed a “hold” rating and issued a $62.00 price target (up from $60.00) on shares of Green Dot in a research note on Thursday, February 22nd. Finally, Cowen reaffirmed a “market perform” rating and issued a $62.00 price target (up from $55.00) on shares of Green Dot in a research note on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.64.
In other news, CEO Steven W. Streit sold 11,523 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $60.22, for a total transaction of $693,915.06. Following the sale, the chief executive officer now owns 206,655 shares in the company, valued at $12,444,764.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jess Unruh sold 5,665 shares of the business’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $75.00, for a total transaction of $424,875.00. Following the sale, the insider now owns 104,052 shares in the company, valued at approximately $7,803,900. The disclosure for this sale can be found here. Over the last three months, insiders have sold 468,821 shares of company stock valued at $30,990,521. Company insiders own 11.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Green Dot by 2.7% during the first quarter. BlackRock Inc. now owns 6,629,792 shares of the financial services provider’s stock valued at $425,368,000 after acquiring an additional 172,545 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Green Dot by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,422,090 shares of the financial services provider’s stock valued at $85,695,000 after acquiring an additional 32,890 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Green Dot during the fourth quarter valued at approximately $82,309,000. Carillon Tower Advisers Inc. acquired a new stake in shares of Green Dot during the fourth quarter valued at approximately $57,764,000. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Green Dot by 46.9% during the first quarter. Stephens Investment Management Group LLC now owns 562,270 shares of the financial services provider’s stock valued at $36,075,000 after acquiring an additional 179,388 shares during the period. Institutional investors and hedge funds own 82.77% of the company’s stock.
Shares of NYSE:GDOT traded down $1.01 during trading on Friday, reaching $74.62. The company had a trading volume of 226,506 shares, compared to its average volume of 368,397. The firm has a market cap of $3.89 billion, a P/E ratio of 47.74 and a beta of 0.76. Green Dot has a twelve month low of $37.81 and a twelve month high of $75.85. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06.
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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