Green Dot Corporation (NYSE:GDOT) Expected to Post Quarterly Sales of $208.45 Million
Equities research analysts expect that Green Dot Corporation (NYSE:GDOT) will announce sales of $208.45 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Green Dot Corporation’s earnings, with estimates ranging from $207.00 million to $210.15 million. Green Dot Corporation reported sales of $173.49 million during the same quarter last year, which indicates a positive year-over-year growth rate of 20.2%. The firm is expected to issue its next quarterly earnings results on Thursday, August 3rd.
On average, analysts expect that Green Dot Corporation will report full year sales of $208.45 million for the current fiscal year, with estimates ranging from $821.30 million to $846.18 million. For the next fiscal year, analysts expect that the business will post sales of $909.83 million per share, with estimates ranging from $898.19 million to $924.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Green Dot Corporation.
Green Dot Corporation (NYSE:GDOT) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.14. The firm had revenue of $253 million during the quarter, compared to analyst estimates of $233.49 million. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. Green Dot Corporation’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS.
A number of analysts have recently weighed in on GDOT shares. Jefferies Group LLC restated a “buy” rating and issued a $42.00 target price on shares of Green Dot Corporation in a research note on Monday, May 22nd. Citigroup Inc. raised their target price on Green Dot Corporation from $32.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, April 4th. Lake Street Capital started coverage on Green Dot Corporation in a research note on Monday, June 26th. They issued a “hold” rating and a $41.00 target price for the company. Keefe, Bruyette & Woods set a $37.00 target price on Green Dot Corporation and gave the company a “hold” rating in a research note on Thursday, July 6th. Finally, Zacks Investment Research lowered Green Dot Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Green Dot Corporation currently has a consensus rating of “Buy” and an average price target of $34.91.
Green Dot Corporation (NYSE:GDOT) opened at 40.01 on Friday. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $40.20. The company has a 50-day moving average of $37.81 and a 200-day moving average of $31.38. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 41.12 and a beta of 1.03.
In other news, Director Kenneth C. Aldrich sold 10,000 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was sold at an average price of $40.01, for a total transaction of $400,100.00. Following the completion of the transaction, the director now directly owns 20,142 shares in the company, valued at approximately $805,881.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel John C. Ricci sold 3,686 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $35.97, for a total value of $132,585.42. Following the transaction, the general counsel now owns 90,032 shares of the company’s stock, valued at $3,238,451.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 215,839 shares of company stock valued at $7,881,406. Corporate insiders own 11.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in Green Dot Corporation during the first quarter valued at about $118,000. Asset Management One Co. Ltd. bought a new position in Green Dot Corporation during the first quarter valued at about $162,000. State of Alaska Department of Revenue raised its position in Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock valued at $164,000 after buying an additional 130 shares during the last quarter. Ronald Blue & Co. LLC bought a new position in Green Dot Corporation during the first quarter valued at about $215,000. Finally, Suntrust Banks Inc. bought a new position in Green Dot Corporation during the first quarter valued at about $238,000. Institutional investors own 80.76% of the company’s stock.
Green Dot Corporation Company Profile
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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