Wall Street analysts expect Green Dot Co. (NYSE:GDOT) to post earnings of $0.25 per share for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Green Dot’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.22. Green Dot reported earnings of $0.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.6%. The business is expected to issue its next quarterly earnings results after the market closes on Wednesday, February 21st.
On average, analysts expect that Green Dot will report full-year earnings of $2.13 per share for the current year, with EPS estimates ranging from $2.11 to $2.17. For the next fiscal year, analysts anticipate that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.45 to $2.94. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Green Dot.
GDOT has been the topic of a number of recent analyst reports. Citigroup raised Green Dot from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $68.00 in a report on Tuesday, February 13th. William Blair reaffirmed an “outperform” rating on shares of Green Dot in a report on Monday, February 12th. Morgan Stanley set a $60.00 price objective on Green Dot and gave the stock a “hold” rating in a report on Monday, November 20th. Cowen reaffirmed a “hold” rating and set a $52.00 price objective on shares of Green Dot in a report on Friday, November 10th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Green Dot in a report on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $55.69.
In other Green Dot news, CEO Steven W. Streit sold 2,665 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $62.73, for a total value of $167,175.45. Following the sale, the chief executive officer now owns 176,621 shares of the company’s stock, valued at $11,079,435.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven W. Streit sold 20,615 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $59.08, for a total value of $1,217,934.20. The disclosure for this sale can be found here. Insiders sold 298,521 shares of company stock worth $18,085,514 in the last three months. 11.00% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Green Dot during the fourth quarter valued at $1,297,000. Verition Fund Management LLC acquired a new stake in shares of Green Dot during the fourth quarter valued at $216,000. Raymond James & Associates acquired a new stake in shares of Green Dot during the fourth quarter valued at $1,002,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Green Dot during the fourth quarter valued at $968,000. Finally, Guggenheim Capital LLC acquired a new stake in shares of Green Dot during the fourth quarter valued at $1,380,000. 84.60% of the stock is currently owned by institutional investors and hedge funds.
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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.
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