Wall Street analysts expect that Green Dot Co. (NYSE:GDOT) will announce $0.96 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Green Dot's earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $0.77. Green Dot posted earnings of $1.13 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 15%. The firm is scheduled to report its next quarterly earnings report on Monday, May 10th.
According to Zacks, analysts expect that Green Dot will report full-year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.16. For the next fiscal year, analysts expect that the company will post earnings of $2.56 per share, with EPS estimates ranging from $2.32 to $2.90. Zacks Investment Research's earnings per share calculations are a mean average based on a survey of analysts that cover Green Dot.
Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Sunday, February 21st. The financial services provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.18 by $0.13. Green Dot had a net margin of 4.01% and a return on equity of 7.73%. The company had revenue of $284.28 million during the quarter, compared to the consensus estimate of $257.32 million. During the same quarter last year, the firm posted $0.14 EPS. The company's quarterly revenue was up 14.0% on a year-over-year basis.
A number of analysts recently commented on GDOT shares. Northland Securities lowered Green Dot from an "outperform" rating to a "market perform" rating in a research report on Thursday, January 14th. Needham & Company LLC decreased their price objective on Green Dot from $70.00 to $63.00 and set a "buy" rating for the company in a report on Monday, March 1st. Finally, Zacks Investment Research cut Green Dot from a "hold" rating to a "strong sell" rating and set a $40.00 target price on the stock. in a report on Friday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of "Hold" and a consensus target price of $53.58.
Shares of NYSE GDOT opened at $47.02 on Thursday. The firm has a market capitalization of $2.55 billion, a P/E ratio of 52.25 and a beta of 0.95. The firm's 50-day moving average price is $49.31 and its 200-day moving average price is $54.06. Green Dot has a 1-year low of $24.63 and a 1-year high of $64.97.
In other news, Director Jeffrey Osher sold 13,500 shares of the firm's stock in a transaction on Friday, January 8th. The stock was sold at an average price of $61.04, for a total transaction of $824,040.00. Following the completion of the sale, the director now directly owns 4,184 shares of the company's stock, valued at approximately $255,391.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jess Unruh sold 9,911 shares of Green Dot stock in a transaction on Monday, April 5th. The stock was sold at an average price of $47.50, for a total value of $470,772.50. Following the sale, the chief financial officer now owns 92,643 shares in the company, valued at $4,400,542.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 308,022 shares of company stock valued at $15,099,965. Company insiders own 4.80% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Boston Trust Walden Corp boosted its stake in Green Dot by 16.5% in the fourth quarter. Boston Trust Walden Corp now owns 313,691 shares of the financial services provider's stock valued at $17,504,000 after acquiring an additional 44,406 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Green Dot during the third quarter valued at $3,270,000. Emerald Mutual Fund Advisers Trust grew its holdings in Green Dot by 12.5% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 188,084 shares of the financial services provider's stock valued at $10,495,000 after purchasing an additional 20,933 shares during the period. Great West Life Assurance Co. Can increased its position in Green Dot by 536.9% in the third quarter. Great West Life Assurance Co. Can now owns 381,874 shares of the financial services provider's stock worth $4,237,000 after buying an additional 321,915 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Green Dot by 5.3% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 104,601 shares of the financial services provider's stock valued at $5,837,000 after buying an additional 5,277 shares during the period. Institutional investors and hedge funds own 90.04% of the company's stock.
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, payroll debit cards, and other financial services.
Featured Story: Outstanding Shares
Get a free copy of the Zacks research report on Green Dot (GDOT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: Portfolio Manager7 Things You Need To Know About Cryptocurrency
The Cryptocurrency Market Is About To Boil Over
The cryptocurrency was quiet for years, but it’s starting to boil over once again. With the price of Bitcoin up 550%, it certainly seems like the sky is the limit.
Whether or not you choose to trade Bitcoin or any other cryptocurrency, it is important to understand what it is and the trends driving it.
The bottom line, however, is that the world’s money is flowing onto the blockchain, and the use of cryptocurrency is growing at an exponential rate.
View the "7 Things You Need To Know About Cryptocurrency"