NewtekOne (NEWT) Set to Announce Earnings on Monday

NewtekOne (NASDAQ:NEWT) is scheduled to be announcing its earnings results after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. NewtekOne has set its FY 2024 guidance at 1.800-2.000 EPS.Investors interested in registering for the company’s conference call can do so using this link.

NewtekOne (NASDAQ:NEWT) last posted its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.05). The company had revenue of $75.60 million for the quarter, compared to analyst estimates of $62.99 million. NewtekOne had a return on equity of 20.04% and a net margin of 15.19%. During the same period last year, the firm earned $0.06 EPS. On average, analysts expect NewtekOne to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NewtekOne Stock Up 1.1 %

NASDAQ:NEWT opened at $11.00 on Monday. The firm has a market capitalization of $282.04 million, a price-to-earnings ratio of 6.79 and a beta of 1.25. NewtekOne has a twelve month low of $10.07 and a twelve month high of $19.36. The stock’s 50 day moving average price is $11.22 and its two-hundred day moving average price is $12.62. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.83.

NewtekOne Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a dividend of $0.19 per share. This is a positive change from NewtekOne’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 28th. This represents a $0.76 annualized dividend and a dividend yield of 6.91%. NewtekOne’s payout ratio is 46.91%.

Wall Street Analysts Forecast Growth

NEWT has been the subject of several research analyst reports. B. Riley reiterated a “buy” rating and set a $18.00 target price (down from $19.00) on shares of NewtekOne in a research note on Thursday, March 7th. Piper Sandler reduced their target price on NewtekOne from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Keefe, Bruyette & Woods reduced their target price on NewtekOne from $16.00 to $13.00 and set a “market perform” rating for the company in a research note on Wednesday, March 20th. Finally, StockNews.com downgraded NewtekOne from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, NewtekOne has a consensus rating of “Hold” and an average target price of $14.50.

About NewtekOne

NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.