Green Dot (GDOT) Set to Announce Earnings on Tuesday

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Green Dot (NYSE:GDOT) will be releasing its earnings data after the market closes on Tuesday, August 4th. Analysts expect Green Dot to post earnings of $0.18 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Green Dot (NYSE:GDOT) last issued its earnings results on Monday, May 11th. The financial services provider reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.34. The business had revenue of $362.20 million for the quarter, compared to the consensus estimate of $324.12 million. Green Dot had a net margin of 7.32% and a return on equity of 11.35%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 earnings per share. On average, analysts expect Green Dot to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of GDOT opened at $50.69 on Friday. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 33.13 and a beta of 1.19. Green Dot has a 1-year low of $14.20 and a 1-year high of $54.39. The company’s fifty day simple moving average is $46.80 and its 200 day simple moving average is $34.54. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.12.

In other news, Director Rajeev V. Date acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average price of $31.58 per share, with a total value of $189,480.00. Following the completion of the transaction, the director now directly owns 8,578 shares of the company’s stock, valued at approximately $270,893.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Kuan Archer sold 11,819 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $50.00, for a total transaction of $590,950.00. Following the sale, the chief technology officer now directly owns 217,264 shares of the company’s stock, valued at approximately $10,863,200. The disclosure for this sale can be found here. In the last three months, insiders bought 40,250 shares of company stock valued at $1,451,655 and sold 42,040 shares valued at $1,953,042. Insiders own 4.80% of the company’s stock.

A number of equities analysts recently weighed in on GDOT shares. Jefferies Financial Group restated a “hold” rating and set a $32.00 target price on shares of Green Dot in a report on Tuesday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of Green Dot from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. BTIG Research reiterated a “buy” rating and issued a $56.00 price objective (up from $48.00) on shares of Green Dot in a report on Sunday, June 28th. Barclays decreased their price objective on shares of Green Dot from $42.00 to $39.00 and set an “overweight” rating on the stock in a report on Monday, May 4th. Finally, Craig Hallum upped their price objective on shares of Green Dot from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.69.

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.

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Earnings History for Green Dot (NYSE:GDOT)

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