Analysts Expect Green Dot Co. (GDOT) Will Announce Earnings of $0.50 Per Share

Brokerages expect that Green Dot Co. (NYSE:GDOT) will post earnings per share (EPS) of $0.50 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Green Dot’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.55. Green Dot reported earnings per share of $0.29 in the same quarter last year, which indicates a positive year-over-year growth rate of 72.4%. The company is expected to issue its next earnings report on Wednesday, February 20th.

On average, analysts expect that Green Dot will report full-year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.18 to $3.27. For the next fiscal year, analysts forecast that the firm will report earnings of $3.66 per share, with EPS estimates ranging from $3.52 to $3.77. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Green Dot.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.13. Green Dot had a return on equity of 14.80% and a net margin of 11.47%. The firm had revenue of $230.58 million during the quarter, compared to the consensus estimate of $223.95 million. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year.

Several equities research analysts have recently weighed in on GDOT shares. Zacks Investment Research lowered Green Dot from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Craig Hallum reaffirmed a “buy” rating on shares of Green Dot in a research report on Friday, September 14th. Citigroup set a $105.00 price target on Green Dot and gave the stock a “buy” rating in a research report on Friday, November 9th. ValuEngine lowered Green Dot from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Finally, Barclays started coverage on Green Dot in a research report on Wednesday, November 14th. They set an “overweight” rating and a $103.00 price target on the stock. Five investment 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 company’s stock. The company has an average rating of “Buy” and an average price target of $91.33.

In other news, insider Jess Unruh sold 2,147 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $83.40, for a total value of $179,059.80. Following the transaction, the insider now owns 67,956 shares of the company’s stock, valued at $5,667,530.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Steven W. Streit sold 9,860 shares of the business’s stock in a transaction that occurred on Tuesday, October 30th. The shares were sold at an average price of $72.54, for a total value of $715,244.40. Following the completion of the transaction, the chief executive officer now directly owns 112,059 shares in the company, valued at approximately $8,128,759.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 451,485 shares of company stock worth $36,720,217. 11.00% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in GDOT. Victory Capital Management Inc. purchased a new stake in shares of Green Dot in the third quarter valued at approximately $56,810,000. BlackRock Inc. boosted its stake in shares of Green Dot by 9.1% in the second quarter. BlackRock Inc. now owns 7,231,132 shares of the financial services provider’s stock valued at $530,692,000 after buying an additional 601,340 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of Green Dot by 1,683.7% in the second quarter. Voya Investment Management LLC now owns 499,775 shares of the financial services provider’s stock valued at $36,678,000 after buying an additional 471,756 shares in the last quarter. KAMES CAPITAL plc boosted its stake in shares of Green Dot by 146.8% in the third quarter. KAMES CAPITAL plc now owns 704,566 shares of the financial services provider’s stock valued at $62,580,000 after buying an additional 419,034 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Green Dot by 284.0% in the second quarter. FMR LLC now owns 409,600 shares of the financial services provider’s stock valued at $30,061,000 after buying an additional 302,936 shares in the last quarter. 85.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE GDOT opened at $79.00 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. Green Dot has a fifty-two week low of $54.08 and a fifty-two week high of $93.00. The stock has a market cap of $4.16 billion, a PE ratio of 50.00 and a beta of 1.03.

Green Dot Company Profile

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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