NewStar Financial, Inc. (NEWS) Scheduled to Post Earnings on Tuesday
NewStar Financial, Inc. (NASDAQ:NEWS) is scheduled to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect NewStar Financial to post earnings of $0.14 per share for the quarter.
NewStar Financial (NASDAQ:NEWS) last released its quarterly earnings results on Wednesday, August 2nd. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.05). NewStar Financial had a net margin of 8.65% and a return on equity of 3.76%. The firm had revenue of $20.19 million for the quarter, compared to analyst estimates of $24.32 million. On average, analysts expect NewStar Financial to post $0.4 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Shares of NewStar Financial, Inc. (NASDAQ NEWS) opened at 12.50 on Tuesday. The stock’s 50 day moving average is $11.59 and its 200-day moving average is $10.70. The firm has a market cap of $520.09 million, a price-to-earnings ratio of 22.56 and a beta of 2.06. NewStar Financial, Inc. has a 12-month low of $8.03 and a 12-month high of $12.59.
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A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of NewStar Financial from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research upgraded shares of NewStar Financial from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Janney Montgomery Scott lowered shares of NewStar Financial from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. Finally, ValuEngine lowered shares of NewStar Financial from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. NewStar Financial currently has a consensus rating of “Hold” and a consensus price target of $11.50.
NewStar Financial Company Profile
NewStar Financial, Inc (NewStar) is a commercial finance company. The Company operates through two segments: Commercial Lending and Asset Management. The Commercial Lending segment represents its direct lending activities, which are focused on providing a range of flexible senior secured debt options to mid-sized companies.
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