Wall Street analysts forecast that Green Dot Co. (NYSE:GDOT) will post $0.07 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Green Dot’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.00. Green Dot reported earnings of $0.59 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 88.1%. The business is expected to announce its next earnings results on Wednesday, November 6th.

On average, analysts expect that Green Dot will report full-year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.67 to $2.87. For the next financial year, analysts anticipate that the firm will report earnings of $3.34 per share, with EPS estimates ranging from $2.98 to $3.81. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Green Dot.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.33. The business had revenue of $278.33 million during the quarter, compared to the consensus estimate of $266.93 million. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share.

A number of research firms have issued reports on GDOT. BTIG Research downgraded Green Dot from a “buy” rating to a “neutral” rating in a research report on Thursday, May 9th. Craig Hallum lowered their price target on Green Dot from $100.00 to $50.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Guggenheim raised Green Dot from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. ValuEngine downgraded Green Dot from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research raised Green Dot from a “sell” rating to a “hold” rating and set a $29.00 price target for the company in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.18.

In related news, insider Konrad Alt sold 919 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $41.91, for a total value of $38,515.29. Following the transaction, the insider now owns 76,724 shares in the company, valued at $3,215,502.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Brett Narlinger sold 5,532 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $48.87, for a total value of $270,348.84. Following the completion of the transaction, the executive now owns 81,554 shares in the company, valued at approximately $3,985,543.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,238 shares of company stock worth $630,772. 7.80% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Green Dot by 6.4% during the second quarter. BlackRock Inc. now owns 6,140,997 shares of the financial services provider’s stock valued at $300,294,000 after buying an additional 370,866 shares in the last quarter. Vanguard Group Inc. raised its stake in Green Dot by 1.0% during the second quarter. Vanguard Group Inc. now owns 4,494,866 shares of the financial services provider’s stock valued at $219,799,000 after buying an additional 42,826 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Green Dot by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 1,945,275 shares of the financial services provider’s stock valued at $95,124,000 after buying an additional 159,771 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Green Dot by 0.3% during the first quarter. Eagle Asset Management Inc. now owns 1,316,949 shares of the financial services provider’s stock valued at $79,872,000 after buying an additional 4,426 shares in the last quarter. Finally, Coatue Management LLC acquired a new stake in Green Dot during the second quarter valued at approximately $61,188,000. Institutional investors and hedge funds own 86.60% of the company’s stock.

Shares of NYSE:GDOT traded up $1.34 during midday trading on Wednesday, reaching $31.82. The company’s stock had a trading volume of 559,333 shares, compared to its average volume of 804,461. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 12.58 and a beta of 0.96. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. Green Dot has a 1 year low of $24.19 and a 1 year high of $93.00. The business has a 50 day moving average price of $43.32 and a 200 day moving average price of $54.64.

Green Dot Company Profile

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, and other financial services.

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Earnings History and Estimates for Green Dot (NYSE:GDOT)

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