Green Dot Corporation (GDOT) Issues Q3 Earnings Guidance
Green Dot Corporation (NYSE:GDOT) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29. The company issued revenue guidance of $187-$189 million, compared to the consensus revenue estimate of $186.29 million.Green Dot Corporation also updated its FY17 guidance to $1.99-$2.03 EPS.
Green Dot Corporation (NYSE:GDOT) traded up 1.38% during mid-day trading on Tuesday, reaching $40.35. The company had a trading volume of 277,203 shares. Green Dot Corporation has a 12 month low of $21.45 and a 12 month high of $40.84. The firm’s 50 day moving average price is $39.52 and its 200-day moving average price is $34.02. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 41.47 and a beta of 1.06.
Green Dot Corporation (NYSE:GDOT) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.15. The firm had revenue of $222.50 million for the quarter, compared to analysts’ expectations of $208.59 million. Green Dot Corporation had a return on equity of 10.11% and a net margin of 6.65%. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Equities research analysts anticipate that Green Dot Corporation will post $1.95 earnings per share for the current year.
Several equities analysts recently issued reports on GDOT shares. Zacks Investment Research cut Green Dot Corporation from a buy rating to a hold rating in a research report on Thursday, May 4th. Citigroup Inc. boosted their price target on Green Dot Corporation from $39.00 to $40.00 and gave the company a buy rating in a research report on Wednesday, May 10th. Jefferies Group LLC restated a buy rating and issued a $42.00 price target on shares of Green Dot Corporation in a research report on Monday, May 22nd. Lake Street Capital started coverage on Green Dot Corporation in a research report on Monday, June 26th. They issued a hold rating and a $41.00 price target on the stock. Finally, Keefe, Bruyette & Woods set a $37.00 price target on Green Dot Corporation and gave the company a hold rating in a research report on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Green Dot Corporation has a consensus rating of Buy and a consensus price target of $39.88.
In other Green Dot Corporation news, CFO Mark L. Shifke sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $36.09, for a total transaction of $180,450.00. Following the transaction, the chief financial officer now owns 780,062 shares in the company, valued at approximately $28,152,437.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Kuan Archer sold 12,356 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $40.22, for a total value of $496,958.32. Following the transaction, the chief operating officer now owns 117,024 shares in the company, valued at approximately $4,706,705.28. The disclosure for this sale can be found here. Insiders have sold a total of 225,996 shares of company stock worth $8,357,963 in the last quarter. 11.00% of the stock is currently owned by insiders.
Green Dot Corporation Company Profile
Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.
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