Green Dot (NYSE:GDOT) Releases Q3 2019 Earnings Guidance

Green Dot (NYSE:GDOT) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.02-0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.32. The company issued revenue guidance of $225-230 million, compared to the consensus revenue estimate of $257.01 million.Green Dot also updated its FY 2019 guidance to $2.71-2.77 EPS.

Several equities research analysts recently commented on the company. ValuEngine cut Green Dot from a sell rating to a strong sell rating in a research note on Thursday. SunTrust Banks reissued a buy rating and issued a $50.00 price target on shares of Green Dot in a research note on Thursday. Guggenheim raised Green Dot from a neutral rating to a buy rating in a research note on Friday. Craig Hallum lowered their price target on Green Dot from $100.00 to $50.00 and set a buy rating for the company in a research note on Thursday. Finally, Needham & Company LLC reduced their target price on Green Dot to $42.00 and set a buy rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $60.91.

Shares of NYSE GDOT traded up $2.40 during trading hours on Friday, reaching $29.82. The stock had a trading volume of 3,554,359 shares, compared to its average volume of 572,779. The stock has a fifty day moving average price of $47.77. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2.51 billion, a P/E ratio of 11.79 and a beta of 0.96. Green Dot has a twelve month low of $24.19 and a twelve month high of $93.00.

Green Dot (NYSE:GDOT) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.33. The business had revenue of $278.33 million during the quarter, compared to analyst estimates of $266.93 million. Green Dot had a return on equity of 16.75% and a net margin of 10.81%. Green Dot’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 earnings per share. Research analysts predict that Green Dot will post 2.09 earnings per share for the current year.

In other Green Dot news, insider Konrad Alt sold 919 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $41.91, for a total value of $38,515.29. Following the sale, the insider now directly owns 76,724 shares in the company, valued at $3,215,502.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Brett Narlinger sold 5,532 shares of the company’s stock in a transaction 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 sale, the executive now owns 81,554 shares in the company, valued at $3,985,543.98. The disclosure for this sale can be found here. Insiders sold 13,238 shares of company stock worth $630,772 over the last quarter. Company insiders own 7.80% 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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Earnings History and Estimates for Green Dot (NYSE:GDOT)

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