Green Dot (GDOT) Set to Announce Earnings on Wednesday

Green Dot (NYSE:GDOT) will be releasing its earnings data after the market closes on Wednesday, November 7th. Analysts expect Green Dot to post earnings of $0.25 per share for the quarter. Green Dot has set its Q3 guidance at ~$0.41 EPS and its FY18 guidance at $3.03-3.08 EPS.

Green Dot (NYSE:GDOT) last announced its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Green Dot had a return on equity of 14.26% and a net margin of 12.73%. The business had revenue of $258.30 million during the quarter, compared to analysts’ expectations of $250.18 million. During the same quarter last year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts expect Green Dot to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of GDOT stock opened at $73.24 on Wednesday. Green Dot has a fifty-two week low of $54.08 and a fifty-two week high of $91.51. The firm has a market capitalization of $3.91 billion, a PE ratio of 46.35 and a beta of 0.70. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.05 and a quick ratio of 1.05.

In other Green Dot news, CEO Steven W. Streit sold 9,860 shares of the firm’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $75.45, for a total value of $743,937.00. Following the sale, the chief executive officer now directly owns 142,765 shares of the company’s stock, valued at approximately $10,771,619.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven W. Streit sold 43,396 shares of the firm’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $87.02, for a total value of $3,776,319.92. Following the completion of the sale, the insider now directly owns 236,471 shares in the company, valued at $20,577,706.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 345,335 shares of company stock worth $28,648,349. Corporate insiders own 9.70% of the company’s stock.

A number of analysts recently commented on the company. Craig Hallum reaffirmed a “buy” rating on shares of Green Dot in a research note on Friday, September 14th. Zacks Investment Research lowered Green Dot from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Guggenheim reaffirmed a “buy” rating and set a $88.00 price objective on shares of Green Dot in a research note on Thursday, August 9th. Loop Capital increased their price objective on Green Dot to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, Jefferies Financial Group increased their price objective on Green Dot from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Green Dot has an average rating of “Buy” and a consensus target price of $83.00.

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.

Read More: Fundamental Analysis and Individual Investors

Earnings History for Green Dot (NYSE:GDOT)

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