Green Dot (GDOT) Scheduled to Post Quarterly Earnings on Thursday

Green Dot (NYSE:GDOT) will announce its earnings results 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.Investors interested in registering for the company’s conference call can do so using this link.

Green Dot (NYSE:GDOT) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $407.10 million during the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a negative net margin of 3.41% and a positive return on equity of 4.01%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $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 Performance

Shares of Green Dot stock opened at $11.71 on Thursday. The company has a market capitalization of $622.82 million, a PE ratio of -24.90 and a beta of 0.92. The company has a 50-day simple moving average of $11.41 and a two-hundred day simple moving average of $10.19. Green Dot has a one year low of $7.30 and a one year high of $12.99.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GDOT. Craig Hallum upped their price objective on shares of Green Dot from $10.00 to $11.00 and gave the company a “hold” rating in a report on Friday, October 4th. Barclays upped their price objective 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. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.75.

Insiders Place Their Bets

In other Green Dot news, major shareholder Topline Capital Partners, Lp bought 162,243 shares of Green Dot stock in a transaction dated Tuesday, September 24th. The stock was acquired at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the purchase, the insider now directly owns 6,157,665 shares in the company, valued at $73,091,483.55. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp acquired 162,243 shares of Green Dot stock in a transaction that occurred 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 completion of the purchase, the insider now owns 6,157,665 shares in the company, valued at $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.

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.