Equities research analysts expect On Deck Capital, Inc. (NYSE:ONDK) to post sales of $87.07 million for the current quarter, Zacks reports. Five analysts have made estimates for On Deck Capital’s earnings, with the highest sales estimate coming in at $88.25 million and the lowest estimate coming in at $85.46 million. On Deck Capital posted sales of $81.83 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 15th.
According to Zacks, analysts expect that On Deck Capital will report full-year sales of $87.07 million for the current financial year, with estimates ranging from $348.67 million to $351.45 million. For the next fiscal year, analysts forecast that the company will report sales of $388.63 million per share, with estimates ranging from $360.14 million to $428.02 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow On Deck Capital.
On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, November 6th. The credit services provider reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The business had revenue of $83.67 million during the quarter, compared to analyst estimates of $84.49 million. On Deck Capital had a negative net margin of 15.21% and a negative return on equity of 20.13%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) EPS.
Shares of On Deck Capital (ONDK) traded down $0.12 during mid-day trading on Tuesday, hitting $5.36. 509,900 shares of the company were exchanged, compared to its average volume of 497,978. On Deck Capital has a 52-week low of $3.29 and a 52-week high of $6.36. The company has a quick ratio of 26.96, a current ratio of 26.95 and a debt-to-equity ratio of 2.78. The firm has a market capitalization of $394.68, a PE ratio of -7.34 and a beta of 2.41.
In other news, CEO Noah Breslow purchased 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was bought at an average price of $4.94 per share, for a total transaction of $59,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.40% of the stock is owned by insiders.
Several large investors have recently modified their holdings of ONDK. Schwab Charles Investment Management Inc. lifted its position in shares of On Deck Capital by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,009 shares of the credit services provider’s stock worth $737,000 after buying an additional 931 shares during the last quarter. Rhumbline Advisers lifted its position in shares of On Deck Capital by 13.0% during the 2nd quarter. Rhumbline Advisers now owns 57,682 shares of the credit services provider’s stock worth $269,000 after buying an additional 6,620 shares during the last quarter. Swiss National Bank lifted its position in shares of On Deck Capital by 43.9% during the 2nd quarter. Swiss National Bank now owns 75,400 shares of the credit services provider’s stock worth $351,000 after buying an additional 23,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of On Deck Capital by 58.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,951 shares of the credit services provider’s stock worth $149,000 after buying an additional 11,751 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of On Deck Capital by 0.6% during the 2nd quarter. Wells Fargo & Company MN now owns 52,386 shares of the credit services provider’s stock worth $244,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 56.55% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for On Deck Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Deck Capital and related companies with MarketBeat.com's FREE daily email newsletter.