Green Dot Corporation (NYSE:GDOT) Issues FY17 Earnings Guidance
Green Dot Corporation (NYSE:GDOT) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $1.99-$2.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.95. The company issued revenue guidance of $855-$865 million, compared to the consensus revenue estimate of $843.77 million.Green Dot Corporation also updated its Q3 guidance to $0.25 EPS.
Several analysts have commented on the stock. BidaskClub cut shares of Green Dot Corporation from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Citigroup Inc. reiterated a buy rating and set a $46.00 target price (up previously from $40.00) on shares of Green Dot Corporation in a research report on Monday, July 24th. Zacks Investment Research cut shares of Green Dot Corporation from a buy rating to a hold rating in a research report on Monday, July 17th. Lake Street Capital initiated coverage on shares of Green Dot Corporation in a report on Monday, June 26th. They issued a hold rating and a $41.00 price target for the company. Finally, Keefe, Bruyette & Woods set a $37.00 price target on shares of Green Dot Corporation and gave the company a hold rating in a report on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $39.88.
Shares of Green Dot Corporation (NYSE:GDOT) traded up 1.38% during trading on Tuesday, hitting $40.35. 277,198 shares of the stock traded hands. Green Dot Corporation has a 1-year low of $21.45 and a 1-year high of $40.84. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 41.47 and a beta of 1.06. The firm has a 50-day moving average of $39.51 and a 200-day moving average of $33.90.
Green Dot Corporation (NYSE:GDOT) last announced its earnings results on Tuesday, May 9th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The business had revenue of $253 million during the quarter, compared to the consensus estimate of $233.49 million. During the same quarter last year, the firm earned $0.78 earnings per share. Green Dot Corporation’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that Green Dot Corporation will post $1.95 earnings per share for the current year.
In other Green Dot Corporation news, COO Kuan Archer sold 12,356 shares of Green Dot Corporation stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $40.22, for a total value of $496,958.32. Following the completion of the sale, the chief operating officer now directly owns 117,024 shares of the company’s stock, valued at $4,706,705.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark L. Shifke sold 5,000 shares of Green Dot Corporation stock in a transaction on Friday, May 12th. The shares were sold at an average price of $36.09, for a total transaction of $180,450.00. Following the completion of the sale, the chief financial officer now directly owns 780,062 shares of the company’s stock, valued at $28,152,437.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,996 shares of company stock valued at $8,357,963. Insiders own 11.00% of the company’s stock.
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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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