Green Dot Co. (GDOT) Expected to Post Earnings of $0.44 Per Share
Wall Street analysts expect Green Dot Co. (NYSE:GDOT) to announce $0.44 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Green Dot’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.41. Green Dot reported earnings per share of $0.34 during the same quarter last year, which would indicate a positive year over year growth rate of 29.4%. The company is expected to issue its next quarterly earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that Green Dot will report full year earnings of $3.09 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.12. For the next financial year, analysts expect that the company will post earnings of $3.55 per share, with EPS estimates ranging from $3.48 to $3.66. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Green Dot.
Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The business had revenue of $258.30 million during the quarter, compared to analysts’ expectations of $250.18 million. Green Dot had a net margin of 12.73% and a return on equity of 14.26%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 earnings per share.
In other Green Dot news, CFO Mark L. Shifke sold 10,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $86.36, for a total value of $863,600.00. Following the transaction, the chief financial officer now directly owns 652,020 shares in the company, valued at approximately $56,308,447.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jess Unruh sold 11,043 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $85.11, for a total transaction of $939,869.73. Following the completion of the transaction, the chief accounting officer now owns 87,312 shares in the company, valued at $7,431,124.32. The disclosure for this sale can be found here. Insiders sold a total of 274,439 shares of company stock worth $22,197,305 over the last quarter. 11.00% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. James Investment Research Inc. acquired a new position in shares of Green Dot in the 2nd quarter worth approximately $101,000. Bank of Montreal Can acquired a new position in shares of Green Dot in the 2nd quarter worth approximately $165,000. Everence Capital Management Inc. acquired a new position in shares of Green Dot in the 2nd quarter worth approximately $228,000. Point72 Asia Hong Kong Ltd lifted its holdings in shares of Green Dot by 17,911.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,242 shares of the financial services provider’s stock worth $208,000 after acquiring an additional 3,224 shares during the last quarter. Finally, Adviser Investments LLC lifted its holdings in shares of Green Dot by 361.8% in the 2nd quarter. Adviser Investments LLC now owns 3,450 shares of the financial services provider’s stock worth $253,000 after acquiring an additional 2,703 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
NYSE GDOT traded up $4.67 during trading hours on Friday, hitting $90.91. 25,753 shares of the company’s stock traded hands, compared to its average volume of 210,418. Green Dot has a 52-week low of $46.45 and a 52-week high of $87.17. The stock has a market cap of $4.49 billion, a PE ratio of 57.86 and a beta of 0.75. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.06.
About Green Dot
Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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