Green Dot (GDOT) Set to Announce Quarterly Earnings on Thursday

Green Dot (NYSE:GDOT) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.78 per share for the quarter. Green Dot has set its FY24 guidance at $1.45-1.59 EPS and its FY 2024 guidance at 1.450-1.590 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Green Dot (NYSE:GDOT) last issued its earnings results on Tuesday, February 27th. The financial services provider reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Green Dot had a return on equity of 6.78% and a net margin of 0.45%. The firm had revenue of $361.72 million for the quarter, compared to analyst estimates of $350.14 million. On average, analysts expect Green Dot to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Green Dot Price Performance

Shares of NYSE GDOT opened at $9.09 on Thursday. Green Dot has a 1-year low of $7.30 and a 1-year high of $21.37. The business’s fifty day moving average price is $8.67 and its two-hundred day moving average price is $9.21. The firm has a market capitalization of $480.22 million, a PE ratio of 69.92 and a beta of 1.04.

Insider Activity at Green Dot

In related news, insider Principal Co Lp Starboard sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares of the company’s stock, valued at $2,259,781.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Principal Co Lp Starboard sold 150,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $8.17, for a total transaction of $1,225,500.00. Following the completion of the transaction, the insider now owns 276,595 shares of the company’s stock, valued at $2,259,781.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Christian Devin Ruppel bought 33,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $9.06 per share, with a total value of $298,980.00. Following the purchase, the executive now directly owns 101,715 shares of the company’s stock, valued at $921,537.90. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GDOT. TheStreet lowered Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. StockNews.com raised Green Dot from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Keefe, Bruyette & Woods lowered their price target on Green Dot from $12.50 to $11.00 and set a “market perform” rating on the stock in a report on Friday, April 5th. Finally, Truist Financial raised their price target on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $10.75.

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.