Green Dot Co. (NYSE:GDOT) – Analysts at William Blair issued their FY2020 earnings estimates for shares of Green Dot in a research note issued to investors on Thursday, Zacks Investment Research reports. William Blair analyst R. Napoli forecasts that the financial services provider will earn $3.43 per share for the year. William Blair has a “Outperform” rating on the stock.
Green Dot (NYSE:GDOT) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $212.99 million during the quarter, compared to analysts’ expectations of $206.07 million. Green Dot had a net margin of 9.65% and a return on equity of 12.32%. The business’s revenue was up 30.9% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share.
Other research analysts have also recently issued reports about the stock. Guggenheim reiterated a “buy” rating and set a $76.00 price objective on shares of Green Dot in a report on Monday, February 26th. SunTrust Banks restated a “buy” rating and set a $72.00 price target on shares of Green Dot in a report on Friday, February 23rd. Loop Capital boosted their price target on shares of Green Dot to $76.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Citigroup boosted their price target on shares of Green Dot from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Craig Hallum restated a “buy” rating and set a $75.00 price target (up from $70.00) on shares of Green Dot in a report on Thursday, February 22nd. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $63.29.
Shares of Green Dot (NYSE:GDOT) traded up $0.01 during midday trading on Monday, hitting $67.66. 209,873 shares of the stock were exchanged, compared to its average volume of 363,160. The firm has a market capitalization of $3,500.07, a PE ratio of 41.08 and a beta of 0.79. Green Dot has a 52-week low of $32.04 and a 52-week high of $69.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.99 and a quick ratio of 0.99.
In other news, CFO Mark L. Shifke sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $68.09, for a total value of $442,585.00. Following the sale, the chief financial officer now owns 688,013 shares of the company’s stock, valued at $46,846,805.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven W. Streit sold 20,490 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $61.39, for a total transaction of $1,257,881.10. Following the completion of the sale, the insider now directly owns 176,621 shares in the company, valued at approximately $10,842,763.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 310,525 shares of company stock worth $19,117,851. Corporate insiders own 11.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of GDOT. Ameritas Investment Partners Inc. raised its position in shares of Green Dot by 13.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,013 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 472 shares during the period. LS Investment Advisors LLC increased its holdings in Green Dot by 70.4% during the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,082 shares during the period. Globeflex Capital L P bought a new stake in Green Dot during the 4th quarter worth approximately $185,000. Shelton Capital Management bought a new stake in Green Dot during the 3rd quarter worth approximately $210,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Green Dot during the 2nd quarter worth approximately $212,000. 83.11% of the stock is currently owned by institutional investors.
WARNING: This piece of content was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2018/03/14/green-dot-co-gdot-expected-to-earn-fy2020-earnings-of-3-43-per-share.html.
Green Dot 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.