Green Dot (NYSE:GDOT) announced its earnings results on Sunday. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.13, MarketWatch Earnings reports. The business had revenue of $284.28 million for the quarter, compared to the consensus estimate of $257.32 million. Green Dot had a net margin of 4.01% and a return on equity of 7.73%. Green Dot’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share.
Shares of NYSE GDOT traded down $2.83 during mid-day trading on Tuesday, hitting $49.80. The stock had a trading volume of 1,691,850 shares, compared to its average volume of 616,633. Green Dot has a 1 year low of $14.20 and a 1 year high of $64.97. The business has a 50 day moving average price of $54.77 and a two-hundred day moving average price of $54.78. The firm has a market cap of $2.66 billion, a P/E ratio of 52.36 and a beta of 0.95.
A number of brokerages recently weighed in on GDOT. Northland Securities downgraded shares of Green Dot from an “outperform” rating to a “market perform” rating in a research note on Thursday, January 14th. Zacks Investment Research raised shares of Green Dot from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Monday, February 15th. Needham & Company LLC lowered their target price on shares of Green Dot from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Green Dot from $48.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, November 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.08.
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, payroll debit cards, and other financial services.
Featured Article: How to calculate the annual rate of depreciation
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.