Green Dot Corporation (GDOT) Releases Earnings Results, Beats Expectations By $0.09 EPS

Green Dot Corporation (GDOT) reported quarterly earnings results on Wednesday, May-4-2016. The company said it had a profit of $0.80 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.71. The company posted revenue of $228.20 million in the period, compared to analysts expectations of $213.35 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on Green Dot Corporation. Company shares were Reiterated by Compass Point on Feb 25, 2016 to “Neutral”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .Company shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Hold”, Firm has raised the Price Target to $ 23 from a previous price target of $18 .

Green Dot Corporation opened for trading at $22.33 and hit $22.44 on the upside on Monday, eventually ending the session at $22.41, with a gain of 0.81% or 0.18 points. The heightened volatility saw the trading volume jump to 2,67,131 shares. Company has a market cap of $1,123 M.

In a different news, on Jan 15, 2016, John C Ricci (General Counsel and Secretary) sold 7,866 shares at $15.49 per share price. According to the SEC, on Feb 3, 2015, Steven W Streit (CEO) purchased 206,800 shares at $14.45 per share price. On Jan 7, 2015, Kuan Archer (Chief Operating Officer) sold 9,375 shares at $20.23 per share price, according to the Form-4 filing with the securities and exchange commission.

Green Dot Corporation (Green Dot) is the bank holding company of Green Dot Bank. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company’s products and services include branded deposit account programs private label deposit account programs and processing and settlement services. The branded deposit account programs include Green Dot-branded and affinity-branded GPR card accounts checking accounts and open-loop gift cards. Under private label deposit account programs the Company provides private label GPR card accounts on behalf of a retailer or other third party entity. The processing and settlement services include reload services and tax refund processing services. The Company also offers mobile banking services through its GoBank mobile checking account.

Green Dot Corporation

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