Green Dot (GDOT) Scheduled to Post Quarterly Earnings on Thursday

Green Dot (NYSE:GDOT) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Green Dot to post earnings of $0.18 per share for the quarter. Green Dot has set its FY24 guidance at $1.45-$1.59 EPS and its FY 2024 guidance at 1.450-1.450 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. During the same period in the previous year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts expect Green Dot to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Green Dot Stock Performance

Shares of Green Dot stock opened at $11.71 on Thursday. Green Dot has a one year low of $7.30 and a one year high of $12.99. The company has a market cap of $622.82 million, a PE ratio of -24.90 and a beta of 0.92. The business has a 50-day simple moving average of $11.41 and a 200-day simple moving average of $10.19.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GDOT. Craig Hallum boosted their target price on Green Dot from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Friday, October 4th. Barclays boosted their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.75.

Insider Transactions at Green Dot

In other news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the stock in a transaction on Tuesday, September 24th. The shares were bought at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the acquisition, the insider now owns 6,157,665 shares of the company’s stock, valued at approximately $73,091,483.55. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Topline Capital Management, Ll bought 36,671 shares of the stock in a transaction dated Monday, September 23rd. The stock was acquired at an average price of $12.49 per share, for a total transaction of $458,020.79. Following the completion of the purchase, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Topline Capital Partners, Lp bought 162,243 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.