Green Dot (GDOT) to Release Quarterly Earnings on Wednesday

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Green Dot (NYSE:GDOT) is scheduled to announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Green Dot has set its FY 2019 guidance at $2.82-2.91 EPS and its Q2 2019 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Green Dot (NYSE:GDOT) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.10. The business had revenue of $340.51 million for the quarter, compared to analysts’ expectations of $330.17 million. Green Dot had a return on equity of 15.74% and a net margin of 10.56%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. 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 NYSE:GDOT opened at $46.87 on Tuesday. The stock has a market capitalization of $2.55 billion, a PE ratio of 18.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average price of $48.64. Green Dot has a 52-week low of $41.67 and a 52-week high of $93.00.

In other news, CRO Brett Narlinger sold 5,532 shares of the firm’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 transaction, the executive now owns 81,554 shares of the company’s stock, valued at $3,985,543.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Konrad Alt sold 919 shares of the firm’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 completion of the transaction, the insider now directly owns 76,724 shares in the company, valued at approximately $3,215,502.84. The disclosure for this sale can be found here. Insiders sold 13,238 shares of company stock worth $630,772 in the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Several research analysts have issued reports on the company. Needham & Company LLC dropped their target price on Green Dot from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating in a research report on Thursday, May 9th. Guggenheim cut Green Dot from a “buy” rating to a “neutral” rating in a research report on Thursday, May 9th. Northland Securities cut Green Dot from an “outperform” rating to a “market perform” rating and set a $58.00 target price on the stock. in a research report on Thursday, May 9th. Finally, Loop Capital reissued a “buy” rating and issued a $75.00 target price on shares of Green Dot in a research report on Thursday, May 9th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Green Dot has an average rating of “Buy” and a consensus price target of $81.85.

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 for Green Dot (NYSE:GDOT)

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