-$0.07 EPS Expected for On Deck Capital, Inc. (ONDK) This Quarter
Equities analysts expect On Deck Capital, Inc. (NYSE:ONDK) to post ($0.07) earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for On Deck Capital’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.03). On Deck Capital posted earnings of ($0.25) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 72%. The business is expected to announce its next quarterly 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 year, analysts expect that the firm will post earnings of $0.07 per share, with EPS estimates ranging from ($0.13) to $0.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for On Deck Capital.
On Deck Capital (NYSE:ONDK) last announced its earnings results on Monday, May 8th. The credit services provider reported ($0.11) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.05. The company had revenue of $92.90 million during the quarter, compared to analyst estimates of $90.18 million. On Deck Capital had a negative net margin of 25.33% and a negative return on equity of 28.89%. On Deck Capital’s revenue was up 48.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share.
A number of research firms have recently commented on ONDK. Zacks Investment Research raised shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Friday, May 12th. FBR & Co dropped their price objective on shares of On Deck Capital from $5.50 to $5.00 and set a “mkt perform” rating for the company in a research note on Monday, May 8th. Stifel Nicolaus started coverage on shares of On Deck Capital in a research note on Wednesday, April 19th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Jefferies Group LLC decreased their target price on On Deck Capital from $5.40 to $5.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.71.
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In related news, Director Bruce P. Nolop purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $3.59 per share, for a total transaction of $35,900.00. Following the acquisition, the director now directly owns 77,985 shares in the company, valued at $279,966.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Noah Breslow purchased 14,000 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was bought at an average price of $3.57 per share, with a total value of $49,980.00. Following the acquisition, the chief executive officer now owns 213,117 shares in the company, valued at $760,827.69. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 39,000 shares of company stock valued at $139,280. 25.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. boosted its position in 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 worth $149,000 after buying an additional 1,940 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in On Deck Capital during the first quarter valued at approximately $182,000. Two Sigma Investments LP acquired a new position in On Deck Capital during the fourth quarter valued at approximately $190,000. Conservest Capital Advisors Inc. acquired a new position in On Deck Capital during the first quarter valued at approximately $234,000. Finally, Parametric Portfolio Associates LLC boosted its position in On Deck Capital by 92.5% in the first quarter. Parametric Portfolio Associates LLC now owns 49,165 shares of the credit services provider’s stock valued at $248,000 after buying an additional 23,623 shares during the period. Hedge funds and other institutional investors own 58.34% of the company’s stock.
Shares of On Deck Capital (NYSE ONDK) traded down 0.43% on Tuesday, reaching $4.63. 279,501 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $4.01 and its 200-day moving average price is $4.60. The stock’s market capitalization is $335.60 million. On Deck Capital has a 52 week low of $3.29 and a 52 week high of $6.46.
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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