Brokerages predict that GreenSky Inc (NASDAQ:GSKY) will post earnings of $0.20 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for GreenSky’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.19. The business is expected to issue its next earnings report on Tuesday, November 6th.

On average, analysts expect that GreenSky will report full-year earnings of $0.65 per share for the current year, with EPS estimates ranging from $0.64 to $0.66. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.89 per share, with EPS estimates ranging from $0.85 to $0.91. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that follow GreenSky.

GreenSky (NASDAQ:GSKY) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The firm had revenue of $105.70 million for the quarter, compared to analyst estimates of $105.57 million.

Several equities research analysts recently issued reports on the stock. Compass Point upgraded shares of GreenSky from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, August 16th. They noted that the move was a valuation call. Raymond James assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They set an “outperform” rating for the company. Goldman Sachs Group assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They set a “buy” rating and a $31.00 price objective for the company. Bank of America assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They set a “neutral” rating and a $26.00 price objective for the company. They noted that the move was a valuation call. Finally, Sandler O’Neill assumed coverage on shares of GreenSky in a research report on Monday, June 18th. They set a “hold” rating and a $26.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.60.

GreenSky stock traded up $0.41 during midday trading on Thursday, hitting $19.74. 11,272 shares of the stock were exchanged, compared to its average volume of 1,125,207. GreenSky has a fifty-two week low of $14.49 and a fifty-two week high of $27.01. The company has a debt-to-equity ratio of -8.35, a quick ratio of 31.97 and a current ratio of 31.97.

In related news, Director Nigel W. Morris bought 62,500 shares of the stock in a transaction on Friday, August 10th. The stock was bought at an average price of $15.69 per share, with a total value of $980,625.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

A number of hedge funds have recently made changes to their positions in GSKY. Waddell & Reed Financial Inc. purchased a new position in GreenSky during the second quarter worth about $40,116,000. Federated Investors Inc. PA purchased a new position in GreenSky during the second quarter worth about $34,363,000. Millennium Management LLC purchased a new position in GreenSky during the second quarter worth about $27,892,000. BlackRock Inc. purchased a new position in GreenSky during the second quarter worth about $27,650,000. Finally, TPG Group Holdings SBS Advisors Inc. purchased a new position in GreenSky during the second quarter worth about $26,606,000. 30.98% of the stock is owned by institutional investors.

GreenSky Company Profile

GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.

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Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

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