Green Dot Corporation (GDOT) to Release Quarterly Earnings on Tuesday
Green Dot Corporation (NYSE:GDOT) is set to issue its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Green Dot Corporation has set its Q3 guidance at $0.25 EPS and its FY17 guidance at $1.99-$2.03 EPS.
Green Dot Corporation (NYSE:GDOT) last released its earnings results on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The company had revenue of $222.50 million during the quarter, compared to the consensus estimate of $208.59 million. During the same quarter last year, the company earned $0.27 earnings per share. Green Dot Corporation’s quarterly revenue was up 28.2% compared to the same quarter last year. On average, analysts expect Green Dot Corporation to post $1.69 EPS for the current fiscal year and $2.08 EPS for the next fiscal year.
Shares of Green Dot Corporation (GDOT) opened at 56.07 on Tuesday. The firm has a market cap of $2.83 billion, a P/E ratio of 47.68 and a beta of 1.00. Green Dot Corporation has a 12-month low of $21.45 and a 12-month high of $57.05. The firm has a 50-day moving average price of $51.67 and a 200-day moving average price of $42.81.
In other news, Director Rajeev V. Date sold 4,674 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $45.45, for a total value of $212,433.30. Following the completion of the sale, the director now owns 2,889 shares in the company, valued at $131,305.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steven W. Streit sold 2,665 shares of the company’s stock in a transaction on Tuesday, October 17th. The shares were sold at an average price of $53.91, for a total value of $143,670.15. Following the completion of the sale, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $9,521,638.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 151,156 shares of company stock valued at $7,431,912. Insiders own 11.00% of the company’s stock.
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A number of research analysts recently commented on GDOT shares. Zacks Investment Research upgraded Green Dot Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research note on Monday, August 14th. Craig Hallum initiated coverage on Green Dot Corporation in a research note on Thursday, October 5th. They issued a “buy” rating and a $70.00 price target for the company. Lake Street Capital cut Green Dot Corporation from a “buy” rating to a “hold” rating and increased their price target for the stock from $44.00 to $55.00 in a research note on Wednesday, October 11th. ValuEngine raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $47.91.
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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