On Deck Capital, Inc. (ONDK) Expected to Post Earnings of $0.02 Per Share
Brokerages expect On Deck Capital, Inc. (NYSE:ONDK) to announce $0.02 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for On Deck Capital’s earnings, with estimates ranging from ($0.02) to $0.04. On Deck Capital posted earnings of ($0.18) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 111.1%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Monday, November 6th.
On average, analysts expect that On Deck Capital will report full-year earnings of ($0.04) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to $0.05. For the next year, analysts expect that the firm will post earnings of $0.24 per share, with EPS estimates ranging from $0.04 to $0.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover On Deck Capital.
On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.09. The firm had revenue of $86.70 million during the quarter, compared to the consensus estimate of $88.53 million. On Deck Capital had a negative return on equity of 24.09% and a negative net margin of 19.20%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter last year, the company posted ($0.25) EPS.
Several equities analysts have recently issued reports on ONDK shares. BidaskClub cut On Deck Capital from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research lowered On Deck Capital from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Canaccord Genuity reissued a “hold” rating and issued a $5.00 target price on shares of On Deck Capital in a report on Sunday, October 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $5.00 price target on shares of On Deck Capital in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.00.
Shares of On Deck Capital (ONDK) traded up $0.39 during trading on Friday, reaching $5.17. The company’s stock had a trading volume of 983,316 shares, compared to its average volume of 300,477. The company has a debt-to-equity ratio of 2.86, a current ratio of 25.20 and a quick ratio of 25.20.
In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $4.62, for a total transaction of $116,179.14. Following the transaction, the executive now directly owns 154,440 shares in the company, valued at approximately $713,512.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 25.40% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of ONDK. Bank of New York Mellon Corp lifted its position in On Deck Capital by 8.2% during the 1st quarter. Bank of New York Mellon Corp now owns 198,316 shares of the credit services provider’s stock worth $1,000,000 after acquiring an additional 14,957 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of On Deck Capital by 92.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 49,165 shares of the credit services provider’s stock valued at $248,000 after purchasing an additional 23,623 shares in the last quarter. American International Group Inc. increased its stake in shares of On Deck Capital by 7.0% in the 1st quarter. American International Group Inc. now owns 29,534 shares of the credit services provider’s stock valued at $149,000 after purchasing an additional 1,940 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of On Deck Capital by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 3,094,022 shares of the credit services provider’s stock valued at $15,593,000 after purchasing an additional 220,242 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in On Deck Capital by 17.4% during the 1st quarter. Geode Capital Management LLC now owns 334,040 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 49,524 shares in the last quarter. 53.79% of the stock is owned by institutional investors.
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On Deck Capital Company Profile
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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