On Deck Capital, Inc. (ONDK) Set to Announce Quarterly Earnings on Wednesday
On Deck Capital, Inc. (NYSE:ONDK) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
On Deck Capital (NYSE:ONDK) last announced its earnings results on Monday, August 7th. The credit services provider reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.09. On Deck Capital had a negative net margin of 19.20% and a negative return on equity of 24.09%. The business had revenue of $86.70 million during the quarter, compared to the consensus estimate of $88.53 million. During the same quarter last year, the firm earned ($0.25) earnings per share. On Deck Capital’s quarterly revenue was up 24.7% on a year-over-year basis. On average, analysts expect On Deck Capital to post $-0.19 EPS for the current fiscal year and $0.12 EPS for the next fiscal year.
Shares of On Deck Capital, Inc. (NYSE:ONDK) traded down 0.699% during trading on Wednesday, reaching $4.975. 26,392 shares of the company were exchanged. On Deck Capital, Inc. has a one year low of $3.29 and a one year high of $5.88. The stock’s market capitalization is $363.84 million. The stock has a 50-day moving average price of $4.76 and a 200-day moving average price of $4.49.
In other On Deck Capital news, CRO Andrea Gellert sold 25,147 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $4.62, for a total transaction of $116,179.14. Following the completion of the sale, the executive now owns 154,440 shares of the company’s stock, valued at approximately $713,512.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 25.40% of the company’s stock.
Several equities research analysts have weighed in on the stock. BidaskClub raised shares of On Deck Capital from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of On Deck Capital from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research report on Saturday, August 12th. Canaccord Genuity reissued a “hold” rating and set a $5.00 price target on shares of On Deck Capital in a research report on Sunday, October 1st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $5.00 price target on shares of On Deck Capital in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.00.
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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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