Green Dot (NYSE:GDOT) announced its earnings results on Thursday. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.32, Briefing.com reports. The firm had revenue of $240.40 million for the quarter, compared to analysts’ expectations of $232.94 million. Green Dot had a return on equity of 16.77% and a net margin of 10.81%. Green Dot’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. Green Dot updated its FY19 guidance to $2.71-2.77 EPS.
Shares of Green Dot stock traded down $5.41 on Friday, hitting $24.54. 3,352,879 shares of the company traded hands, compared to its average volume of 791,148. The company has a 50-day moving average price of $25.66 and a 200 day moving average price of $40.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.03. Green Dot has a 12-month low of $22.45 and a 12-month high of $92.87. The company has a market cap of $1.52 billion, a PE ratio of 9.70 and a beta of 1.11.
In related news, CRO Brett Narlinger sold 5,602 shares of Green Dot stock in a transaction on 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 sale, the executive now owns 71,624 shares of the company’s stock, valued at approximately $2,028,391.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.80% of the stock is currently owned by 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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