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.
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.
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