Green Dot (GDOT) Set to Announce Earnings on Thursday

Green Dot (NYSE:GDOT) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.17 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 participating in the company’s earnings conference call can do so using this link.

Green Dot (NYSE:GDOT) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The company had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $381.87 million. During the same period in the prior year, the company earned $0.20 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. 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 Up 1.5 %

Shares of GDOT stock opened at $11.63 on Wednesday. The business has a 50 day moving average of $11.45 and a two-hundred day moving average of $10.31. The company has a market cap of $624.65 million, a P/E ratio of -11.40 and a beta of 0.91. Green Dot has a 52 week low of $7.30 and a 52 week high of $12.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays upped their target price on Green Dot from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Craig Hallum raised their price objective on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $11.00 target price on shares of Green Dot in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Green Dot has a consensus rating of “Hold” and an average target price of $10.75.

Insider Activity at Green Dot

In related news, insider Topline Capital Management, Ll acquired 36,671 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of $12.49 per share, with a total value of $458,020.79. Following the purchase, the insider now owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Green Dot news, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the transaction, the insider now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Topline Capital Management, Ll purchased 36,671 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were acquired at an average price of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares of the company’s stock, valued at approximately $74,882,820.78. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Green Dot Company Profile

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.