Zacks: Analysts Expect Green Dot Co. (GDOT) Will Post Earnings of $0.44 Per Share

Wall Street analysts expect Green Dot Co. (NYSE:GDOT) to announce earnings of $0.44 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Green Dot’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.41. Green Dot posted earnings per share of $0.34 in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.4%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, November 7th.

On average, analysts expect that Green Dot will report full-year earnings of $3.09 per share for the current financial year, with EPS estimates ranging from $3.05 to $3.12. For the next fiscal year, analysts anticipate that the company 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 that provide coverage for Green Dot.

Green Dot (NYSE:GDOT) last announced its earnings results on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The company had revenue of $258.30 million during the quarter, compared to analysts’ expectations of $250.18 million. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 earnings per share.

A number of equities analysts have recently weighed in on GDOT shares. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Craig Hallum reissued a “buy” rating and issued a $95.00 price objective on shares of Green Dot in a research report 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 company a “buy” rating in a research report on Thursday, August 9th. Citigroup boosted their price objective on shares of Green Dot from $77.00 to $93.00 and gave the company a “buy” rating in a research report 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 company a “$81.43” rating in a research report on Thursday, July 19th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.00.

In related news, insider Steven W. Streit sold 28,828 shares of the company’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 completion of the transaction, the insider now owns 47,740 shares of the company’s stock, valued at $3,960,033. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven W. Streit sold 43,396 shares of the company’s stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $87.02, for a total transaction of $3,776,319.92. Following the transaction, the insider now directly owns 236,471 shares of the company’s stock, valued at approximately $20,577,706.42. The disclosure for this sale can be found here. In the last three months, insiders sold 334,723 shares of company stock valued at $28,053,235. Company insiders own 9.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of GDOT. Fuller & Thaler Asset Management Inc. grew its stake in Green Dot by 0.5% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 146,543 shares of the financial services provider’s stock worth $10,755,000 after buying an additional 698 shares during the period. Crossmark Global Holdings Inc. grew its stake in Green Dot by 7.9% during the second quarter. Crossmark Global Holdings Inc. now owns 9,600 shares of the financial services provider’s stock worth $705,000 after buying an additional 700 shares during the period. Metropolitan Life Insurance Co. NY grew its stake in Green Dot by 5.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,394 shares of the financial services provider’s stock worth $1,130,000 after buying an additional 775 shares during the period. Vident Investment Advisory LLC grew its stake in Green Dot by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 55,622 shares of the financial services provider’s stock worth $4,082,000 after buying an additional 834 shares during the period. Finally, Comerica Bank grew its stake in Green Dot by 1.4% during the second quarter. Comerica Bank now owns 63,588 shares of the financial services provider’s stock worth $5,035,000 after buying an additional 893 shares during the period. 84.42% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:GDOT traded down $0.42 during trading on Thursday, reaching $75.92. The stock had a trading volume of 5,533 shares, compared to its average volume of 408,781. 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 firm has a market cap of $3.99 billion, a PE ratio of 47.56 and a beta of 0.70. Green Dot has a fifty-two week low of $54.08 and a fifty-two week high of $91.51.

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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