Zacks: Analysts Expect On Deck Capital Inc (ONDK) Will Post Earnings of $0.11 Per Share

Analysts expect On Deck Capital Inc (NYSE:ONDK) to report $0.11 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for On Deck Capital’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.10. On Deck Capital reported earnings per share of $0.13 in the same quarter last year, which indicates a negative year over year growth rate of 15.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that On Deck Capital will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.50. For the next fiscal year, analysts expect that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.40 to $0.65. Zacks Investment Research’s EPS 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 results on Thursday, May 2nd. The credit services provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The company had revenue of $110.20 million for the quarter, compared to analysts’ expectations of $110.23 million. On Deck Capital had a net margin of 8.48% and a return on equity of 12.48%. On Deck Capital’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS.



A number of brokerages recently commented on ONDK. Stephens set a $6.00 price target on shares of On Deck Capital and gave the company a “hold” rating in a research note on Friday, May 3rd. Maxim Group restated a “hold” rating on shares of On Deck Capital in a research note on Friday, May 3rd. B. Riley set a $9.00 price target on shares of On Deck Capital and gave the company a “buy” rating in a research note on Friday, May 3rd. ValuEngine cut shares of On Deck Capital from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research cut shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.54.

Shares of ONDK stock opened at $4.58 on Friday. The company has a market cap of $373.46 million, a P/E ratio of 10.65 and a beta of 1.79. The company has a debt-to-equity ratio of 2.68, a quick ratio of 27.45 and a current ratio of 27.45. On Deck Capital has a 12 month low of $4.47 and a 12 month high of $9.41.

In other news, Director Ronald F. Verni bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were acquired at an average price of $5.89 per share, with a total value of $35,340.00. Following the acquisition, the director now owns 84,283 shares of the company’s stock, valued at approximately $496,426.87. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Noah Breslow bought 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were purchased at an average cost of $5.93 per share, for a total transaction of $47,440.00. Following the acquisition, the chief executive officer now directly owns 730,644 shares in the company, valued at approximately $4,332,718.92. The disclosure for this purchase can be found here. Corporate insiders own 7.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of On Deck Capital by 5.3% in the 4th quarter. California Public Employees Retirement System now owns 29,921 shares of the credit services provider’s stock worth $177,000 after buying an additional 1,509 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of On Deck Capital by 66.7% in the 4th quarter. Macquarie Group Ltd. now owns 5,500 shares of the credit services provider’s stock worth $32,000 after buying an additional 2,200 shares during the last quarter. Redmond Asset Management LLC increased its holdings in shares of On Deck Capital by 2.2% in the 1st quarter. Redmond Asset Management LLC now owns 115,221 shares of the credit services provider’s stock worth $624,000 after buying an additional 2,448 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of On Deck Capital by 7.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 35,575 shares of the credit services provider’s stock worth $192,000 after buying an additional 2,546 shares during the last quarter. Finally, Meitav Dash Investments Ltd. increased its holdings in shares of On Deck Capital by 31.0% in the 1st quarter. Meitav Dash Investments Ltd. now owns 14,955 shares of the credit services provider’s stock worth $81,000 after buying an additional 3,535 shares during the last quarter. 70.18% of the stock is currently owned by hedge funds and other institutional investors.

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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

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