Zacks: Brokerages Expect On Deck Capital, Inc. (ONDK) Will Announce Earnings of -$0.07 Per Share
Analysts expect that On Deck Capital, Inc. (NYSE:ONDK) will post earnings per share of ($0.07) for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for On Deck Capital’s earnings, with the highest EPS estimate coming in at ($0.03) and the lowest estimate coming in at ($0.10). On Deck Capital reported earnings of ($0.25) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 72%. The firm is scheduled to issue its next earnings results on Monday, August 14th.
According to Zacks, analysts expect that On Deck Capital will report full year earnings of ($0.21) per share for the current year, with EPS estimates ranging from ($0.25) to ($0.16). For the next fiscal year, analysts forecast that the firm will report earnings of $0.07 per share, with EPS estimates ranging from ($0.13) to $0.31. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for On Deck Capital.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Monday, May 8th. The credit services provider reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. On Deck Capital had a negative return on equity of 28.89% and a negative net margin of 25.33%. The company had revenue of $92.90 million for the quarter, compared to analysts’ expectations of $90.18 million. During the same quarter last year, the business earned ($0.18) earnings per share. On Deck Capital’s revenue was up 48.4% on a year-over-year basis.
A number of analysts recently issued reports on the company. Canaccord Genuity reissued a “hold” rating and set a $6.00 price objective on shares of On Deck Capital in a report on Wednesday, March 1st. Zacks Investment Research raised On Deck Capital from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Thursday, February 23rd. FBR & Co reissued a “hold” rating on shares of On Deck Capital in a report on Friday, March 24th. Stifel Nicolaus assumed coverage on On Deck Capital in a report on Wednesday, April 19th. They set a “buy” rating and a $6.00 price objective on the stock. Finally, Jefferies Group LLC decreased their target price on On Deck Capital from $5.40 to $5.00 and set a “hold” rating on the stock in a research note on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.63.
In other news, CEO Noah Breslow acquired 14,000 shares of On Deck Capital stock in a transaction dated Friday, May 26th. The shares were purchased at an average cost of $3.57 per share, for a total transaction of $49,980.00. Following the transaction, the chief executive officer now owns 213,117 shares of the company’s stock, valued at $760,827.69. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel S. Henson acquired 10,000 shares of On Deck Capital stock in a transaction dated Friday, May 26th. The shares were purchased at an average price of $3.58 per share, for a total transaction of $35,800.00. Following the completion of the transaction, the director now directly owns 70,272 shares in the company, valued at approximately $251,573.76. The disclosure for this purchase can be found here. Insiders acquired a total of 39,000 shares of company stock worth $139,280 over the last 90 days. Corporate insiders own 25.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in ONDK. American International Group Inc. raised its position in shares of On Deck Capital by 7.0% in the first quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock valued at $149,000 after buying an additional 1,940 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of On Deck Capital during the fourth quarter valued at approximately $169,000. Metropolitan Life Insurance Co. NY purchased a new position in shares of On Deck Capital during the first quarter valued at approximately $182,000. Two Sigma Investments LP purchased a new position in shares of On Deck Capital during the fourth quarter valued at approximately $190,000. Finally, Conservest Capital Advisors Inc. purchased a new position in shares of On Deck Capital during the first quarter valued at approximately $234,000. Hedge funds and other institutional investors own 58.34% of the company’s stock.
Shares of On Deck Capital (NYSE ONDK) traded up 0.47% on Thursday, hitting $4.30. The company had a trading volume of 74,012 shares. On Deck Capital has a 1-year low of $3.29 and a 1-year high of $6.46. The firm’s market capitalization is $311.68 million. The company has a 50 day moving average price of $3.99 and a 200 day moving average price of $4.59.
About On Deck Capital
On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.
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