Headlines about Newtek Business Services Corp. (NASDAQ:NEWT) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Newtek Business Services Corp. earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the business services provider an impact score of 44.1343582304504 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Newtek Business Credit Acquires the Talent of Tony Zara (feeds.benzinga.com)
- Critical Review: Newtek Business Services Corp. (NEWT) & Its Peers (americanbankingnews.com)
- Newtek Business Services Corp. (NEWT) versus The Competition Financial Contrast (americanbankingnews.com)
- Head to Head Comparison: Newtek Business Services Corp. (NEWT) and Its Peers (americanbankingnews.com)
- Newtek Business Services Corp. (NEWT) to Release Quarterly Earnings on Wednesday (americanbankingnews.com)
A number of equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of Newtek Business Services Corp. from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Newtek Business Services Corp. from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $18.00 target price on shares of Newtek Business Services Corp. in a report on Friday, October 13th. Finally, BidaskClub upgraded shares of Newtek Business Services Corp. from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Newtek Business Services Corp. currently has an average rating of “Hold” and a consensus target price of $18.50.
Newtek Business Services Corp. (NEWT) opened at 17.38 on Tuesday. The firm’s 50-day moving average is $17.59 and its 200-day moving average is $17.05. The firm has a market capitalization of $303.09 million, a PE ratio of 9.37 and a beta of 1.39. Newtek Business Services Corp. has a 12 month low of $14.00 and a 12 month high of $18.16.
Newtek Business Services Corp. (NASDAQ:NEWT) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $9.90 million for the quarter, compared to the consensus estimate of $9.19 million. Newtek Business Services Corp. had a return on equity of 7.97% and a net margin of 81.35%. On average, equities research analysts expect that Newtek Business Services Corp. will post $1.77 EPS for the current year.
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Newtek Business Services Corp. Company Profile
Newtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls.
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