Green Dot (GDOT) to Release Quarterly Earnings on Thursday

Green Dot (NYSE:GDOTGet Rating) is scheduled to release its earnings data after the market closes on Thursday, May 5th. Analysts expect Green Dot to post earnings of $0.66 per share for the quarter. Green Dot has set its FY 2022 guidance at $2.220-$2.350 EPS and its FY22 guidance at $2.22-$2.35 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Green Dot (NYSE:GDOTGet Rating) last released its quarterly earnings results on Thursday, February 24th. The financial services provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.08). Green Dot had a return on equity of 7.79% and a net margin of 3.31%. The company had revenue of $330.84 million for the quarter, compared to analyst estimates of $309.35 million. During the same period last year, the firm posted $0.03 earnings per share. The business’s revenue was up 16.4% on a year-over-year basis. On average, analysts expect Green Dot to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of GDOT opened at $26.02 on Thursday. The business’s 50 day moving average is $27.53 and its two-hundred day moving average is $33.95. Green Dot has a 52-week low of $23.09 and a 52-week high of $54.90. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 30.61 and a beta of 0.95.

In other news, Director Glinda Bridgforth-Hodges sold 3,910 shares of the stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $27.25, for a total value of $106,547.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 5,410 shares of company stock valued at $149,223. Company insiders own 3.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Green Dot by 7.9% in the fourth quarter. State Street Corp now owns 2,036,962 shares of the financial services provider’s stock valued at $73,820,000 after buying an additional 148,461 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Green Dot by 12.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,371,139 shares of the financial services provider’s stock valued at $49,690,000 after purchasing an additional 155,256 shares during the last quarter. Morgan Stanley lifted its stake in Green Dot by 13.6% in the 2nd quarter. Morgan Stanley now owns 376,357 shares of the financial services provider’s stock worth $17,632,000 after acquiring an additional 45,084 shares in the last quarter. Deutsche Bank AG increased its position in Green Dot by 14.2% in the 4th quarter. Deutsche Bank AG now owns 242,262 shares of the financial services provider’s stock worth $8,781,000 after purchasing an additional 30,045 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Green Dot by 4.0% during the 4th quarter. Legal & General Group Plc now owns 163,315 shares of the financial services provider’s stock valued at $5,919,000 after acquiring an additional 6,275 shares during the last quarter. 91.13% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on GDOT shares. Northland Securities cut their target price on Green Dot from $42.00 to $38.00 in a research report on Wednesday, February 16th. BTIG Research lowered their price target on Green Dot from $72.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 26th. William Blair reiterated an “outperform” rating on shares of Green Dot in a report on Friday, February 25th. Barclays lowered their price target on Green Dot from $55.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 28th. Finally, Needham & Company LLC lowered their price target on Green Dot from $63.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 25th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.22.

Green Dot Company Profile (Get Rating)

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates through Consumer Services, Business to Business Services, and Money Movement Services segments. The company offers deposit account programs, such network-branded reloadable prepaid debit cards, network-branded gift cards, and secured credit cards.

See Also

Earnings History for Green Dot (NYSE:GDOT)

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