Brokerages forecast that On Deck Capital Inc (NYSE:ONDK) will post $0.16 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for On Deck Capital’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.13. On Deck Capital reported earnings of $0.10 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 60%. The business is expected to report its next quarterly earnings report on Tuesday, February 12th.
On average, analysts expect that On Deck Capital will report full year earnings of $0.50 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.56. For the next year, analysts anticipate that the firm will post earnings of $0.52 per share, with EPS estimates ranging from $0.46 to $0.65. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for On Deck Capital.
On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.11. The firm had revenue of $103.00 million during the quarter, compared to analyst estimates of $98.32 million. On Deck Capital had a return on equity of 9.53% and a net margin of 4.97%. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) earnings per share.
A number of equities analysts have recently weighed in on ONDK shares. Stephens reaffirmed a “hold” rating and issued a $8.00 price objective on shares of On Deck Capital in a research note on Wednesday, August 8th. B. Riley set a $14.00 price objective on On Deck Capital and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Janney Montgomery Scott set a $12.00 price objective on On Deck Capital and gave the stock a “buy” rating in a research note on Tuesday. ValuEngine raised On Deck Capital from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, UBS Group upped their price objective on On Deck Capital from $6.50 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.36.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in On Deck Capital by 3.9% during the third quarter. Bank of New York Mellon Corp now owns 176,250 shares of the credit services provider’s stock valued at $1,335,000 after buying an additional 6,652 shares during the last quarter. IFG Advisory LLC bought a new position in On Deck Capital during the third quarter valued at approximately $118,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in On Deck Capital during the second quarter valued at approximately $118,000. MetLife Investment Advisors LLC boosted its stake in On Deck Capital by 431.0% during the second quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock valued at $178,000 after buying an additional 20,646 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in On Deck Capital during the second quarter valued at approximately $158,000. 78.62% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE ONDK traded down $0.14 during mid-day trading on Friday, reaching $8.14. The company’s stock had a trading volume of 952,500 shares, compared to its average volume of 553,041. The firm has a market cap of $663.66 million, a price-to-earnings ratio of -50.88 and a beta of 1.54. The company has a quick ratio of 26.85, a current ratio of 26.85 and a debt-to-equity ratio of 2.72. On Deck Capital has a 52 week low of $4.11 and a 52 week high of $9.41.
About On Deck Capital
On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.
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