Green Dot (NYSE:GDOT) announced its earnings results on Thursday. The financial services provider reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.32, Briefing.com reports. Green Dot had a net margin of 10.81% and a return on equity of 16.77%. The company had revenue of $240.40 million during the quarter, compared to the consensus estimate of $232.94 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. Green Dot updated its FY19 guidance to $2.71-2.77 EPS.
Shares of GDOT stock traded down $5.41 during trading hours on Friday, reaching $24.54. The stock had a trading volume of 3,352,879 shares, compared to its average volume of 791,148. The stock’s fifty day simple moving average is $25.66 and its 200 day simple moving average is $40.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.03. Green Dot has a 12 month low of $22.45 and a 12 month high of $92.87. The firm has a market capitalization of $1.52 billion, a PE ratio of 9.70 and a beta of 1.11.
A number of equities analysts have weighed in on GDOT shares. ValuEngine lowered shares of Green Dot from a “hold” rating to a “sell” rating in a research report on Friday. Keefe, Bruyette & Woods lowered shares of Green Dot from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $60.00 to $35.00 in a research report on Thursday, August 8th. Canaccord Genuity started coverage on shares of Green Dot in a research report on Thursday, September 12th. They set a “hold” rating and a $29.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Green Dot in a research report on Friday. Finally, Guggenheim upgraded shares of Green Dot from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $42.83.
About Green Dot
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.
Read More: Dividend Achievers
Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.