Green Dot (NYSE:GDOT) Issues Quarterly Earnings Results, Beats Estimates By $0.32 EPS

Green Dot (NYSE:GDOT) posted its quarterly earnings data on Thursday. The financial services provider reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.32, reports. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. The firm had revenue of $240.40 million during the quarter, compared to the consensus estimate of $232.94 million. During the same period in the prior year, the company earned $0.59 EPS. The firm’s revenue was up 1.7% compared to the same quarter last year. Green Dot updated its FY19 guidance to $2.71-2.77 EPS.

Shares of GDOT traded down $5.41 during midday trading on Friday, reaching $24.54. The company had a trading volume of 3,352,879 shares, compared to its average volume of 791,148. Green Dot has a 1-year low of $22.45 and a 1-year high of $92.87. The stock has a market cap of $1.52 billion, a PE ratio of 9.70 and a beta of 1.11. The firm has a 50 day simple moving average of $25.66 and a 200-day simple moving average of $40.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03.

In other Green Dot news, CRO Brett Narlinger sold 5,602 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.32, for a total value of $158,648.64. Following the completion of the sale, the executive now directly owns 71,624 shares of the company’s stock, valued at approximately $2,028,391.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is owned by company insiders.

GDOT has been the subject of several recent research reports. Zacks Investment Research raised Green Dot from a “sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research note on Tuesday, August 13th. Jefferies Financial Group downgraded Green Dot from a “buy” rating to a “hold” rating and reduced their price objective for the company from $62.00 to $32.00 in a research note on Thursday, September 5th. TheStreet downgraded Green Dot from a “b-” rating to a “c+” rating in a research note on Thursday, August 8th. ValuEngine downgraded Green Dot from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $30.00 price objective on shares of Green Dot in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Green Dot has a consensus rating of “Hold” and an average price target of $42.83.

About Green Dot

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

Further Reading: Stock Symbols and CUSIP Explained

Earnings History for Green Dot (NYSE:GDOT)

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