Green Dot (NYSE:GDOT) Issues FY19 Earnings Guidance

Green Dot (NYSE:GDOT) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $2.71-2.77 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.72. The company issued revenue guidance of $1.06-1.08 billion, compared to the consensus revenue estimate of $1.08 billion.

NYSE GDOT opened at $24.54 on Friday. Green Dot has a 52-week low of $22.45 and a 52-week high of $92.87. The company has a 50-day simple moving average of $25.66 and a 200 day simple moving average of $40.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $1.52 billion, a PE ratio of 9.70 and a beta of 1.11.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Thursday, November 7th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.32. Green Dot had a net margin of 10.81% and a return on equity of 16.77%. The business had revenue of $240.40 million during the quarter, compared to the consensus estimate of $232.94 million. During the same quarter last year, the company posted $0.59 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, analysts forecast that Green Dot will post 2.18 EPS for the current fiscal year.

A number of analysts recently issued reports on GDOT shares. TheStreet downgraded shares of Green Dot from a b- rating to a c+ rating in a report on Thursday, August 8th. ValuEngine downgraded shares of Green Dot from a hold rating to a sell rating in a report on Friday. Barclays set a $41.00 price objective on shares of Green Dot and gave the stock a buy rating in a report on Monday, August 12th. SunTrust Banks decreased their price objective on shares of Green Dot to $40.00 and set a buy rating for the company in a report on Friday. Finally, Zacks Investment Research upgraded shares of Green Dot from a sell rating to a hold rating and set a $29.00 price objective for the company in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Green Dot currently has an average rating of Hold and a consensus price target of $42.83.

In other news, CRO Brett Narlinger sold 5,602 shares of Green Dot stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.32, for a total value of $158,648.64. Following the completion of the transaction, the executive now owns 71,624 shares in the company, valued at $2,028,391.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by company insiders.

About Green Dot

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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Earnings History and Estimates for Green Dot (NYSE:GDOT)

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