Green Dot (NYSE:GDOT) Announces Earnings Results, Beats Estimates By $0.32 EPS

Green Dot (NYSE:GDOT) posted its quarterly earnings data on Thursday. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.32, Briefing.com reports. Green Dot had a net margin of 10.81% and a return on equity of 16.77%. The firm had revenue of $240.40 million for the quarter, compared to analyst estimates of $232.94 million. During the same period last year, the firm posted $0.59 EPS. Green Dot’s quarterly revenue was up 1.7% on a year-over-year basis. Green Dot updated its FY19 guidance to $2.71-2.77 EPS.

Green Dot stock traded down $5.41 during midday trading on Friday, reaching $24.54. The company’s stock had a trading volume of 3,352,879 shares, compared to its average volume of 791,148. Green Dot has a fifty-two week low of $22.45 and a fifty-two week high of $92.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $40.05. The firm has a market capitalization of $1.52 billion, a PE ratio of 9.70 and a beta of 1.11.

In other Green Dot news, CRO Brett Narlinger sold 5,602 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.32, for a total value of $158,648.64. Following the completion of the sale, the executive now owns 71,624 shares of the company’s stock, valued at $2,028,391.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.80% of the stock is currently owned by company insiders.

GDOT has been the topic of a number of analyst reports. Jefferies Financial Group lowered shares of Green Dot from a “buy” rating to a “hold” rating and lowered their price objective for the company from $62.00 to $32.00 in a research report on Thursday, September 5th. Guggenheim upgraded shares of Green Dot from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Deutsche Bank lifted their price objective on shares of Green Dot from $29.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, October 30th. Craig Hallum lowered their price objective on shares of Green Dot from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Keefe, Bruyette & Woods lowered shares of Green Dot from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $60.00 to $35.00 in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.83.

Green Dot Company Profile

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

Further Reading: How Important is Technical Analysis of Stocks

Earnings History for Green Dot (NYSE:GDOT)

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.