Analysts Anticipate GreenSky Inc (GSKY) to Post $0.20 Earnings Per Share
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.
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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