GreenSky (NASDAQ:GSKY) posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08, Morningstar.com reports. GreenSky had a negative return on equity of 120.94% and a net margin of 6.27%. The firm had revenue of $103.70 million during the quarter, compared to analyst estimates of $103.46 million. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. GreenSky updated its FY 2019 guidance to $0.70-0.76 EPS.
Shares of NASDAQ:GSKY traded down $0.40 during mid-day trading on Friday, reaching $11.08. The company had a trading volume of 1,994,599 shares, compared to its average volume of 1,294,812. The stock has a market capitalization of $1.97 billion and a PE ratio of 158.29. GreenSky has a one year low of $8.30 and a one year high of $27.01.
In related news, Director Gregg Steven Freishtat sold 3,000 shares of GreenSky stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $16.06, for a total value of $48,180.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Several research analysts have recently weighed in on GSKY shares. Citigroup lifted their price objective on GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. SunTrust Banks raised their target price on GreenSky to $14.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Guggenheim downgraded GreenSky from a “buy” rating to a “neutral” rating and raised their target price for the company from $13.75 to $13.76 in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. raised their target price on GreenSky from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. GreenSky presently has an average rating of “Hold” and an average target price of $17.87.
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.
Read More: NASDAQ
Receive News & Ratings for GreenSky Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GreenSky and related companies with MarketBeat.com's FREE daily email newsletter.