On Deck Capital (NYSE:ONDK) released its quarterly earnings data on Tuesday. The credit services provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.08, MarketWatch Earnings reports. On Deck Capital had a net margin of 4.97% and a return on equity of 9.36%. The company had revenue of $109.48 million for the quarter, compared to analysts’ expectations of $105.27 million. During the same quarter last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. On Deck Capital updated its FY 2019 guidance to EPS and its Q1 2019 guidance to EPS.
Shares of On Deck Capital stock opened at $6.44 on Wednesday. On Deck Capital has a 12 month low of $4.67 and a 12 month high of $9.41. The company has a debt-to-equity ratio of 2.80, a quick ratio of 29.62 and a current ratio of 29.62. The firm has a market capitalization of $571.85 million, a PE ratio of -40.25 and a beta of 1.93.
A number of brokerages have recently commented on ONDK. B. Riley cut their target price on shares of On Deck Capital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday. Maxim Group cut shares of On Deck Capital from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine raised shares of On Deck Capital from a “hold” rating to a “buy” rating in a report on Monday, February 4th. UBS Group raised shares of On Deck Capital from a “neutral” rating to a “buy” rating and lifted their target price for the company from $9.00 to $11.00 in a report on Wednesday, November 28th. Finally, Zacks Investment Research raised shares of On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $9.25 target price on the stock in a report on Wednesday, November 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $9.25.
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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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