Green Dot (GDOT) to Release Earnings on Thursday

Green Dot (NYSE:GDOT) is scheduled to be releasing its earnings data 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.Investors interested in listening to the company’s conference call can do so using this link.

Green Dot (NYSE:GDOT) last released 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. The business had revenue of $361.72 million for the quarter, compared to the consensus estimate of $350.14 million. Green Dot had a net margin of 0.45% and a return on equity of 6.78%. 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 1.0 %

NYSE GDOT opened at $9.27 on Wednesday. The company’s 50 day moving average is $8.73 and its 200-day moving average is $9.11. The firm has a market cap of $489.73 million, a P/E ratio of 71.31 and a beta of 1.03. Green Dot has a 12-month low of $7.30 and a 12-month high of $21.37.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial boosted their target price on shares of Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, February 29th. StockNews.com cut Green Dot from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reduced their target price on 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, TheStreet cut Green Dot from a “c-” rating to a “d” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.75.

Insider Transactions at Green Dot

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

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.