$260.91 Million in Sales Expected for Green Dot Co. (NYSE:GDOT) This Quarter

Analysts expect that Green Dot Co. (NYSE:GDOT) will report sales of $260.91 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Green Dot’s earnings. The highest sales estimate is $263.51 million and the lowest is $258.64 million. Green Dot posted sales of $258.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1%. The business is expected to issue its next earnings report after the market closes on Wednesday, August 7th.

According to Zacks, analysts expect that Green Dot will report full-year sales of $1.11 billion for the current year, with estimates ranging from $1.09 billion to $1.13 billion. For the next financial year, analysts forecast that the company will post sales of $1.24 billion, with estimates ranging from $1.23 billion to $1.25 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Green Dot.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.10. The business had revenue of $340.51 million for the quarter, compared to analyst estimates of $330.17 million. Green Dot had a net margin of 10.56% and a return on equity of 15.74%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 EPS.

Several equities research analysts recently weighed in on GDOT shares. Citigroup lowered shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Northland Securities lowered shares of Green Dot from an “outperform” rating to a “market perform” rating and set a $58.00 price objective on the stock. in a research note on Thursday, May 9th. Loop Capital reiterated a “buy” rating and set a $75.00 price objective on shares of Green Dot in a research note on Thursday, May 9th. Needham & Company LLC dropped their price objective on shares of Green Dot from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Finally, BTIG Research lowered shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $81.85.

GDOT traded up $0.64 on Wednesday, hitting $50.69. 700,369 shares of the company’s stock were exchanged, compared to its average volume of 714,505. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 20.04 and a beta of 0.98. Green Dot has a twelve month low of $41.67 and a twelve month high of $93.00. The company’s fifty day simple moving average is $48.75. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02.

In other news, CRO Brett Narlinger sold 5,532 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $48.87, for a total value of $270,348.84. Following the completion of the transaction, the executive now directly owns 81,554 shares in the company, valued at $3,985,543.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark L. Shifke sold 6,250 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $65.00, for a total transaction of $406,250.00. Following the completion of the transaction, the chief financial officer now owns 592,990 shares of the company’s stock, valued at $38,544,350. The disclosure for this sale can be found here. Insiders sold 20,738 shares of company stock worth $1,118,409 in the last 90 days. 7.80% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of GDOT. Tortoise Index Solutions LLC bought a new stake in Green Dot during the first quarter worth approximately $43,000. Manchester Capital Management LLC bought a new stake in Green Dot during the first quarter worth approximately $53,000. FNY Investment Advisers LLC boosted its holdings in Green Dot by 708.8% during the first quarter. FNY Investment Advisers LLC now owns 1,100 shares of the financial services provider’s stock worth $66,000 after buying an additional 964 shares in the last quarter. Stephens Inc. AR bought a new stake in Green Dot during the first quarter worth approximately $105,000. Finally, Quantamental Technologies LLC bought a new stake in Green Dot during the first quarter worth approximately $174,000. Institutional investors and hedge funds own 87.03% of the company’s stock.

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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