Green Dot (GDOT) to Release Quarterly Earnings on Thursday

Green Dot (NYSE:GDOT) will be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Green Dot to post earnings of $0.78 per share for the quarter. Green Dot has set its FY24 guidance at $1.45-1.59 EPS and its FY 2024 guidance at 1.450-1.590 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Green Dot (NYSE:GDOT) last announced its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. The business had revenue of $361.72 million during the quarter, compared to analysts’ expectations of $350.14 million. 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 Trading Down 0.4 %

Shares of NYSE GDOT opened at $9.18 on Tuesday. The company has a 50 day simple moving average of $8.72 and a two-hundred day simple moving average of $9.13. Green Dot has a 12 month low of $7.30 and a 12 month high of $21.37. The stock has a market cap of $484.98 million, a price-to-earnings ratio of 70.62 and a beta of 1.03.

Insider Transactions at Green Dot

In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of Green Dot stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $9.06 per share, with a total value of $298,980.00. Following the completion of the transaction, the executive now owns 101,715 shares of the company’s stock, valued at $921,537.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Principal Co Lp Starboard sold 75,729 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $8.58, for a total value of $649,754.82. Following the sale, the insider now owns 270,207 shares of the company’s stock, valued at $2,318,376.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Christian Devin Ruppel purchased 33,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was bought at an average price of $9.06 per share, for a total transaction of $298,980.00. Following the completion of the purchase, the executive now directly owns 101,715 shares of the company’s stock, valued at $921,537.90. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GDOT. StockNews.com lowered shares of Green Dot from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. TheStreet lowered shares of Green Dot from a “c-” rating to a “d” rating in a report on Thursday, February 1st. Keefe, Bruyette & Woods dropped their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Finally, Truist Financial upped their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Green Dot presently has a consensus rating of “Hold” and an average price target of $10.75.

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.