GreenSky Inc Forecasted to Earn Q2 2019 Earnings of $0.16 Per Share (GSKY)

GreenSky Inc (NASDAQ:GSKY) – SunTrust Banks decreased their Q2 2019 earnings per share (EPS) estimates for shares of GreenSky in a research report issued to clients and investors on Tuesday, May 7th. SunTrust Banks analyst A. Jeffrey now anticipates that the company will earn $0.16 per share for the quarter, down from their prior forecast of $0.17. SunTrust Banks has a “Buy” rating and a $14.00 price objective on the stock. SunTrust Banks also issued estimates for GreenSky’s Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.17 EPS and FY2020 earnings at $0.78 EPS.

GreenSky (NASDAQ:GSKY) last released its earnings results on Tuesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.08. GreenSky had a net margin of 8.99% and a negative return on equity of 45.61%. The business had revenue of $103.70 million for the quarter, compared to analyst estimates of $103.46 million. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year.

GSKY has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price target on shares of GreenSky from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday. Guggenheim downgraded shares of GreenSky from a “buy” rating to a “neutral” rating and raised their price target for the stock from $13.75 to $13.76 in a report on Wednesday. Finally, Citigroup raised their price target on shares of GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. GreenSky presently has a consensus rating of “Hold” and a consensus target price of $17.87.

GSKY opened at $13.02 on Friday. The company has a market capitalization of $2.57 billion and a price-to-earnings ratio of 186.00. GreenSky has a 1-year low of $8.30 and a 1-year high of $27.01.

A number of institutional investors have recently bought and sold shares of GSKY. BNP Paribas Arbitrage SA increased its holdings in GreenSky by 81.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,943 shares of the company’s stock valued at $25,000 after purchasing an additional 872 shares during the last quarter. Advisor Group Inc. increased its holdings in GreenSky by 140.1% in the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock valued at $34,000 after purchasing an additional 2,011 shares during the last quarter. Cowen Prime Services LLC increased its holdings in GreenSky by 100.0% in the 1st quarter. Cowen Prime Services LLC now owns 4,000 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the last quarter. Sterling Investment Advisors Ltd. increased its holdings in GreenSky by 100.0% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 4,000 shares of the company’s stock valued at $52,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Royce & Associates LP acquired a new stake in GreenSky in the 4th quarter valued at approximately $55,000. Hedge funds and other institutional investors own 32.71% of the company’s stock.

In other news, Director Gregg Steven Freishtat sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $16.06, for a total transaction of $48,180.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GreenSky Company Profile

GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.

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Earnings History and Estimates for GreenSky (NASDAQ:GSKY)

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