Green Dot (NYSE:GDOT) Announces Earnings Results

Green Dot (NYSE:GDOT) issued its earnings results on Monday. The financial services provider reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02), FiscalAI reports. The company had revenue of $596.41 million during the quarter, compared to analyst estimates of $555.87 million. Green Dot had a negative net margin of 0.11% and a positive return on equity of 7.10%.

Green Dot Stock Performance

Green Dot stock traded up $0.15 during midday trading on Wednesday, reaching $11.52. 37,979 shares of the stock traded hands, compared to its average volume of 492,045. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $12.63 and a two-hundred day moving average price of $12.52. The firm has a market cap of $656.52 million, a price-to-earnings ratio of -143.91 and a beta of 0.93. Green Dot has a fifty-two week low of $10.28 and a fifty-two week high of $13.75.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Green Dot in a research report on Thursday, October 15th. Zacks Research raised Green Dot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.12.

Green Dot Company Profile

Green Dot Corporation is a financial technology company and bank holding company that provides digital banking, payments and money-movement services. Its offerings include consumer banking products such as GO2bank and prepaid debit cards, as well as services that help customers receive deposits, make payments and access cash. Through its banking-as-a-service platform, Green Dot also provides businesses with banking technology, payment capabilities and program management services that can be integrated into their own products.