Green Dot (NYSE:GDOT – Get Free Report) announced its earnings results on Monday. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), FiscalAI reports. Green Dot had a positive return on equity of 6.92% and a negative net margin of 1.14%. The company had revenue of $596.41 million for the quarter, compared to analyst estimates of $555.87 million.
Green Dot Trading Down 3.5%
NYSE:GDOT opened at $12.15 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.45 and a quick ratio of 0.45. The business’s 50-day simple moving average is $12.66 and its 200-day simple moving average is $12.53. Green Dot has a fifty-two week low of $10.10 and a fifty-two week high of $13.75. The stock has a market capitalization of $692.60 million, a PE ratio of -24.43 and a beta of 0.93.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on GDOT shares. Zacks Research raised Green Dot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Green Dot currently has a consensus rating of “Hold” and a consensus price target of $16.12.
View Our Latest Stock Analysis on GDOT
Green Dot Company Profile
Green Dot Corporation is a financial technology and banking company that provides digital banking, prepaid debit, and payment services in the United States. Through its consumer brands, including Green Dot and GO2bank, the company offers checking accounts, debit cards, direct deposit, mobile banking, bill payment, money transfer, cash deposit, and other everyday financial services.
Green Dot also provides banking-as-a-service and embedded-finance solutions for businesses, financial institutions, and technology companies.
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