Green Dot (GDOT) Set to Announce Earnings on Thursday

Green Dot (NYSE:GDOT - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.18 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.Parties interested in listening to the company's conference call can do so using this link.

Green Dot (NYSE:GDOT - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $407.10 million for the quarter, compared to analyst estimates of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. 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 Down 2.9 %

Shares of GDOT stock traded down $0.34 during trading on Thursday, reaching $11.36. 361,573 shares of the company's stock were exchanged, compared to its average volume of 544,783. Green Dot has a twelve month low of $7.30 and a twelve month high of $12.99. The firm's fifty day moving average price is $11.42 and its 200-day moving average price is $10.20. The stock has a market capitalization of $610.17 million, a PE ratio of -11.26 and a beta of 0.92.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Craig Hallum lifted their price objective on Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a report on Friday, October 4th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $11.00 price objective on shares of Green Dot in a research report on Monday, July 22nd. Finally, Barclays raised their target price on shares of Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.75.

Insider Buying and Selling at Green Dot

In related news, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the firm's stock in a transaction on Tuesday, September 24th. The stock was purchased at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the acquisition, the insider now owns 6,157,665 shares of the company's stock, valued at approximately $73,091,483.55. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Topline Capital Management, Ll purchased 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, for a total transaction of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of the firm's stock in a transaction on Tuesday, September 24th. The stock was purchased at an average price of $11.87 per share, with a total value of $1,925,824.41. Following the purchase, the insider now owns 6,157,665 shares in the company, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their position. The disclosure for this purchase 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.