Green Dot (NYSE:GDOT) Issues FY 2025 Earnings Guidance

Key Points

• Green Dot has provided FY 2025 earnings guidance with EPS expectations ranging from 1.280 to 1.420, exceeding the consensus EPS estimate of 1.240.
• The company anticipates revenue in the range of $2.0 billion to $2.1 billion, slightly below the consensus revenue estimate of $2.1 billion.
• Analysts have shown mixed sentiment towards GDOT, with a consensus rating of “Moderate Buy” and a target price increase from $11.00 to $12.00 by Keefe, Bruyette & Woods.

Green Dot (NYSE:GDOT - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 1.280-1.420 for the period, compared to the consensus earnings per share estimate of 1.240. The company issued revenue guidance of $2.0 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

Analyst Ratings Changes

GDOT has been the subject of a number of analyst reports. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Northland Securities set a $16.00 price target on shares of Green Dot in a research report on Tuesday. Keefe, Bruyette & Woods increased their target price on Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a report on Friday, July 11th. Finally, Barclays increased their target price on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Green Dot Stock Performance

Shares of GDOT traded down $0.42 on Friday, reaching $13.37. 1,207,086 shares of the stock traded hands, compared to its average volume of 941,432. The firm has a market cap of $733.88 million, a price-to-earnings ratio of -30.39 and a beta of 0.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.69 and a quick ratio of 0.58. Green Dot has a 12 month low of $6.12 and a 12 month high of $14.27. The stock's 50-day moving average price is $10.64 and its 200-day moving average price is $9.18.

Green Dot (NYSE:GDOT - Get Free Report) last issued its earnings results on Monday, August 11th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.23. The business had revenue of $501.16 million during the quarter, compared to analysts' expectations of $496.49 million. Green Dot had a positive return on equity of 9.93% and a negative net margin of 1.24%. Green Dot's quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.25 EPS. Equities analysts forecast that Green Dot will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling at Green Dot

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the sale, the insider owned 226,656 shares in the company, valued at approximately $2,808,267.84. The trade was a 10.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Green Dot

A number of large investors have recently bought and sold shares of GDOT. Tower Research Capital LLC TRC raised its stake in Green Dot by 23.1% in the second quarter. Tower Research Capital LLC TRC now owns 6,504 shares of the financial services provider's stock valued at $70,000 after buying an additional 1,221 shares during the period. Caxton Associates LLP bought a new stake in Green Dot in the 1st quarter valued at $96,000. State of Tennessee Department of Treasury raised its stake in Green Dot by 99.0% in the 2nd quarter. State of Tennessee Department of Treasury now owns 22,966 shares of the financial services provider's stock valued at $248,000 after acquiring an additional 11,423 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Green Dot by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,801 shares of the financial services provider's stock valued at $268,000 after purchasing an additional 1,341 shares during the last quarter. Finally, Creative Planning bought a new position in Green Dot during the second quarter worth $287,000. Institutional investors and hedge funds own 92.56% of the company's stock.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.