Green Dot Co. Expected to Post Q2 2019 Earnings of $0.48 Per Share (NYSE:GDOT)

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Green Dot Co. (NYSE:GDOT) – Research analysts at Jefferies Financial Group dropped their Q2 2019 EPS estimates for shares of Green Dot in a research report issued on Thursday, July 18th. Jefferies Financial Group analyst J. Hecht now expects that the financial services provider will earn $0.48 per share for the quarter, down from their previous forecast of $0.67. Jefferies Financial Group also issued estimates for Green Dot’s Q3 2019 earnings at $0.13 EPS and Q4 2019 earnings at $0.23 EPS.

Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.10. The firm had revenue of $340.51 million during 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 business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods raised shares of Green Dot from a “market perform” rating to an “outperform” rating in a report on Monday, April 1st. BTIG Research cut their target price on shares of Sailpoint Technologies from $27.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 9th. SunTrust Banks lifted their target price on shares of Match Group to $62.00 and gave the company a “hold” rating in a report on Thursday, May 9th. Northland Securities reaffirmed a “buy” rating and set a $55.00 target price on shares of Heron Therapeutics in a report on Thursday, May 9th. Finally, Guggenheim reissued a “buy” rating and issued a $40.00 price target on shares of National Vision in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Green Dot presently has an average rating of “Buy” and an average price target of $81.85.

NYSE:GDOT opened at $47.78 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 18.89 and a beta of 0.98. The company’s 50 day moving average price is $48.81. Green Dot has a 1-year low of $41.67 and a 1-year high of $93.00.

In other Green Dot news, CFO Mark L. Shifke sold 6,250 shares of Green Dot stock in a transaction 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 sale, the chief financial officer now owns 592,990 shares of the company’s stock, valued at approximately $38,544,350. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Konrad Alt sold 919 shares of Green Dot stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $41.91, for a total transaction of $38,515.29. Following the sale, the insider now directly owns 76,724 shares in the company, valued at approximately $3,215,502.84. The disclosure for this sale can be found here. Insiders sold a total of 21,657 shares of company stock worth $1,177,363 in the last three months. 7.80% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tortoise Index Solutions LLC acquired a new stake in Green Dot during the 1st quarter worth $43,000. Manchester Capital Management LLC acquired a new stake in Green Dot during the 1st quarter worth $53,000. FNY Investment Advisers LLC boosted its stake in Green Dot by 708.8% during the 1st quarter. FNY Investment Advisers LLC now owns 1,100 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 964 shares during the last quarter. Stephens Inc. AR acquired a new stake in Green Dot during the 1st quarter worth $105,000. Finally, Quantamental Technologies LLC acquired a new stake in Green Dot during the 1st quarter worth $174,000. 88.67% of the stock is currently owned by institutional investors.

About Green Dot

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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