Newtek Business Services, (NEWT) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
Newtek Business Services, (NASDAQ:NEWT) issued its quarterly earnings data on Thursday. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01, American Banking & Market News reports. The company had revenue of $41.27 million for the quarter, compared to the consensus estimate of $38.13 million.
On the ratings front, analysts at Singular Research cut their price target on shares of Newtek Business Services, from $4.85 to $4.50 in a research note on Friday, June 6th. They now have a “buy” rating on the stock.
Newtek Business Services, (NASDAQ:NEWT) opened at 2.4334 on Thursday. Newtek Business Services, has a 1-year low of $2.26 and a 1-year high of $3.43. The stock has a 50-day moving average of $2.59 and a 200-day moving average of $2.73. The company has a market cap of $90.0 million and a P/E ratio of 12.75.
Newtek Business Services, Inc (NASDAQ:NEWT) is a holding company.
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