Equities analysts expect that Green Dot Co. (NYSE:GDOT) will post $229.31 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Green Dot’s earnings, with the lowest sales estimate coming in at $226.60 million and the highest estimate coming in at $235.40 million. Green Dot posted sales of $230.58 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.6%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 6th.
According to Zacks, analysts expect that Green Dot will report full-year sales of $1.08 billion for the current year, with estimates ranging from $1.06 billion to $1.12 billion. For the next year, analysts anticipate that the firm will post sales of $1.14 billion, with estimates ranging from $1.10 billion to $1.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover Green Dot.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.33. The firm had revenue of $278.33 million for the quarter, compared to analyst estimates of $266.93 million. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share.
A number of equities analysts have weighed in on GDOT shares. Keefe, Bruyette & Woods lowered Green Dot from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $60.00 to $35.00 in a research note on Thursday, August 8th. Craig Hallum lowered their price objective on Green Dot from $100.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. TheStreet lowered Green Dot from a “b-” rating to a “c+” rating in a research note on Thursday, August 8th. Northland Securities lowered their price objective on Green Dot from $58.00 to $35.00 and set a “market perform” rating on the stock in a research note on Thursday, August 8th. Finally, BTIG Research lowered Green Dot from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.18.
NYSE GDOT opened at $29.53 on Friday. The stock’s fifty day moving average is $45.53 and its two-hundred day moving average is $55.59. The firm has a market capitalization of $1.48 billion, a P/E ratio of 11.67 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.04 and a current ratio of 1.01. Green Dot has a fifty-two week low of $24.19 and a fifty-two week high of $93.00.
In other Green Dot news, insider Konrad Alt sold 919 shares of Green Dot stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $41.91, for a total value of $38,515.29. Following the sale, the insider now owns 76,724 shares in the company, valued at $3,215,502.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Brett Narlinger sold 5,532 shares of Green Dot stock in a transaction on Friday, May 24th. The shares were sold at an average price of $48.87, for a total value of $270,348.84. Following the completion of the sale, the executive now owns 81,554 shares in the company, valued at approximately $3,985,543.98. The disclosure for this sale can be found here. Insiders sold 13,238 shares of company stock worth $630,772 in the last 90 days. Company insiders own 7.80% of the company’s stock.
A number of large investors have recently bought and sold shares of GDOT. Retirement Systems of Alabama raised its holdings in shares of Green Dot by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 62,223 shares of the financial services provider’s stock valued at $3,043,000 after buying an additional 226 shares during the period. Profund Advisors LLC raised its holdings in shares of Green Dot by 9.3% in the 2nd quarter. Profund Advisors LLC now owns 6,077 shares of the financial services provider’s stock valued at $297,000 after buying an additional 515 shares during the period. Arizona State Retirement System raised its holdings in shares of Green Dot by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 34,720 shares of the financial services provider’s stock valued at $1,698,000 after buying an additional 522 shares during the period. Pitcairn Co. raised its holdings in shares of Green Dot by 10.0% in the 2nd quarter. Pitcairn Co. now owns 6,558 shares of the financial services provider’s stock valued at $321,000 after buying an additional 595 shares during the period. Finally, Stone Ridge Asset Management LLC raised its holdings in shares of Green Dot by 3.7% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 16,663 shares of the financial services provider’s stock valued at $815,000 after buying an additional 600 shares during the period. Institutional investors own 87.62% of the company’s stock.
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.
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