Equities research analysts predict that GreenSky Inc (NASDAQ:GSKY) will post earnings per share of $0.20 for the current quarter, Zacks reports. Three analysts have provided estimates for GreenSky’s earnings, with estimates ranging from $0.19 to $0.21. The business is scheduled to announce its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that GreenSky will report full year earnings of $0.65 per share for the current fiscal year, with EPS estimates ranging from $0.64 to $0.66. For the next year, analysts anticipate that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.85 to $0.91. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover GreenSky.
GreenSky (NASDAQ:GSKY) last issued its earnings results on Tuesday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $105.70 million for the quarter, compared to the consensus estimate of $105.57 million.
Several analysts recently issued reports on the company. Compass Point raised GreenSky from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, August 16th. They noted that the move was a valuation call. Raymond James initiated coverage on GreenSky in a report on Monday, June 18th. They set an “outperform” rating for the company. Goldman Sachs Group initiated coverage on GreenSky in a report on Monday, June 18th. They set a “buy” rating and a $31.00 price target for the company. Bank of America initiated coverage on GreenSky in a report on Monday, June 18th. They set a “neutral” rating and a $26.00 price target for the company. They noted that the move was a valuation call. Finally, Sandler O’Neill initiated coverage on GreenSky in a report on Monday, June 18th. They set a “hold” rating and a $26.00 price target for the company. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $27.60.
In related news, Director Nigel W. Morris bought 62,500 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was purchased at an average price of $15.69 per share, for a total transaction of $980,625.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Several institutional investors have recently made changes to their positions in GSKY. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of GreenSky in the 2nd quarter worth approximately $229,000. Wells Fargo & Company MN purchased a new position in GreenSky during the 2nd quarter valued at $17,912,000. CIBC Private Wealth Group LLC purchased a new position in GreenSky during the 2nd quarter valued at $235,000. Jennison Associates LLC purchased a new position in GreenSky during the 2nd quarter valued at $16,920,000. Finally, Kornitzer Capital Management Inc. KS purchased a new position in GreenSky during the 2nd quarter valued at $7,125,000. Hedge funds and other institutional investors own 30.98% of the company’s stock.
GSKY traded down $0.15 on Thursday, hitting $19.83. 428,952 shares of the company’s stock traded hands, compared to its average volume of 1,384,199. GreenSky has a one year low of $14.49 and a one year high of $27.01. The company has a debt-to-equity ratio of -8.35, a current ratio of 31.97 and a quick ratio of 31.97.
GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.
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