Green Dot Corporation (GDOT) Releases FY17 Earnings Guidance
Green Dot Corporation (NYSE:GDOT) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.10-2.12 for the period, compared to the Thomson Reuters consensus estimate of $2.05. The company issued revenue guidance of $878-882 million, compared to the consensus revenue estimate of $867.11 million.
A number of research firms have recently commented on GDOT. Jefferies Group LLC reaffirmed a buy rating and issued a $53.00 price target on shares of Green Dot Corporation in a report on Thursday, October 12th. Lake Street Capital lowered Green Dot Corporation from a buy rating to a hold rating and raised their price target for the stock from $44.00 to $55.00 in a report on Wednesday, October 11th. Zacks Investment Research downgraded Green Dot Corporation from a strong-buy rating to a hold rating in a research report on Tuesday, October 10th. BidaskClub upgraded Green Dot Corporation from a buy rating to a strong-buy rating in a research report on Tuesday, October 10th. Finally, Craig Hallum began coverage on Green Dot Corporation in a research report on Thursday, October 5th. They issued a buy rating and a $70.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Green Dot Corporation presently has an average rating of Buy and an average target price of $47.91.
Green Dot Corporation (GDOT) traded down $1.39 during midday trading on Tuesday, reaching $55.51. The company’s stock had a trading volume of 448,383 shares, compared to its average volume of 368,448. Green Dot Corporation has a twelve month low of $21.64 and a twelve month high of $57.70. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2,800.00, a P/E ratio of 35.14 and a beta of 0.91.
Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). Green Dot Corporation had a net margin of 7.66% and a return on equity of 12.13%. The firm had revenue of $201.60 million for the quarter, compared to analysts’ expectations of $191.33 million. During the same quarter in the previous year, the business earned $0.21 EPS. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. analysts expect that Green Dot Corporation will post 1.69 earnings per share for the current year.
In other news, insider Steven W. Streit sold 7,995 shares of Green Dot Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.74, for a total value of $373,686.30. Following the transaction, the insider now owns 217,010 shares in the company, valued at $10,143,047.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, General Counsel John C. Ricci sold 20,707 shares of Green Dot Corporation stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.21, for a total value of $977,577.47. Following the completion of the transaction, the general counsel now owns 91,163 shares in the company, valued at approximately $4,303,805.23. The disclosure for this sale can be found here. Insiders have sold 163,054 shares of company stock worth $8,099,509 in the last 90 days. Company insiders own 11.00% of the company’s stock.
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About Green Dot Corporation
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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