Brokerages expect that On Deck Capital Inc (NYSE:ONDK) will announce earnings per share (EPS) of $0.11 for the current quarter, according to Zacks. Four analysts have made estimates for On Deck Capital’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. On Deck Capital reported earnings of ($0.01) per share in the same quarter last year, which suggests a positive year over year growth rate of 1,200%. The business is scheduled to report its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that On Deck Capital will report full-year earnings of $0.43 per share for the current financial year, with EPS estimates ranging from $0.40 to $0.46. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.47 per share, with EPS estimates ranging from $0.37 to $0.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow On Deck Capital.

On Deck Capital (NYSE:ONDK) last issued its earnings results on Tuesday, August 7th. The credit services provider reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.15. The company had revenue of $95.62 million for the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a net margin of 1.37% and a return on equity of 4.25%.

Several research analysts have recently issued reports on the company. BTIG Research downgraded On Deck Capital from a “neutral” rating to a “sell” rating in a research note on Tuesday, August 14th. ValuEngine downgraded On Deck Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. B. Riley assumed coverage on On Deck Capital in a research note on Wednesday, August 22nd. They set a “buy” rating and a $14.00 price target for the company. Zacks Investment Research raised On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research note on Tuesday, August 14th. Finally, Morgan Stanley downgraded On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price target for the company. in a research note on Thursday, July 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.14.

A number of hedge funds have recently made changes to their positions in the stock. Global X Management Co LLC raised its stake in On Deck Capital by 125.0% in the 2nd quarter. Global X Management Co LLC now owns 186,906 shares of the credit services provider’s stock valued at $1,308,000 after purchasing an additional 103,820 shares during the last quarter. MetLife Investment Advisors LLC raised its stake in On Deck Capital by 431.0% in the 2nd quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 20,646 shares during the last quarter. Portolan Capital Management LLC raised its stake in On Deck Capital by 54.0% in the 2nd quarter. Portolan Capital Management LLC now owns 4,167,863 shares of the credit services provider’s stock valued at $29,175,000 after purchasing an additional 1,461,982 shares during the last quarter. Renaissance Technologies LLC raised its stake in On Deck Capital by 44.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,402,200 shares of the credit services provider’s stock valued at $16,815,000 after purchasing an additional 736,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in On Deck Capital by 23.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,143,430 shares of the credit services provider’s stock valued at $15,005,000 after purchasing an additional 401,144 shares during the last quarter. 77.10% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ONDK traded up $0.01 during trading on Wednesday, hitting $7.59. 21,604 shares of the company were exchanged, compared to its average volume of 529,772. The firm has a market capitalization of $577.06 million, a P/E ratio of -48.06 and a beta of 1.62. On Deck Capital has a 1 year low of $4.11 and a 1 year high of $9.41. The company has a debt-to-equity ratio of 2.72, a quick ratio of 26.85 and a current ratio of 26.85.

About On Deck Capital

On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.

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Earnings History and Estimates for On Deck Capital (NYSE:ONDK)

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