Green Dot (GDOT) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS
Green Dot (NASDAQ:GDOT) issued its quarterly earnings data on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16, AmericanBankingNews.com reports. The company had revenue of $147.01 million for the quarter, compared to the consensus estimate of $154.16 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Green Dot updated its FY14 guidance to $1.37-1.41 EPS.
GDOT has been the subject of a number of recent research reports. Analysts at Portales Partners downgraded shares of Green Dot from a “sector perform” rating to an “underperform” rating in a research note on Thursday, July 24th. On the ratings front, analysts at Keefe, Bruyette & Woods cut their price target on shares of Green Dot from $23.00 to $21.00 in a research note on Thursday, July 10th. Finally, analysts at Citigroup Inc. upgraded shares of Green Dot from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.59.
Shares of Green Dot (NASDAQ:GDOT) traded down 1.21% on Thursday, hitting $17.99. 358,948 shares of the company’s stock traded hands. Green Dot has a 52-week low of $16.53 and a 52-week high of $26.87. The stock’s 50-day moving average is $18.45 and its 200-day moving average is $19.. The company has a market cap of $714.0 million and a price-to-earnings ratio of 24.44.
Green Dot Corporation (NASDAQ:GDOT) is a bank holding company.
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