On Deck Capital (ONDK) Issues Earnings Results

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.

A number of large investors have recently bought and sold shares of the stock. Federated Investors Inc. PA boosted its position in shares of On Deck Capital by 187.3% in the 3rd quarter. Federated Investors Inc. PA now owns 3,471 shares of the credit services provider’s stock worth $27,000 after buying an additional 2,263 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in shares of On Deck Capital in the 4th quarter worth about $33,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of On Deck Capital in the 4th quarter worth about $59,000. Meeder Asset Management Inc. boosted its position in shares of On Deck Capital by 337.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock worth $60,000 after buying an additional 7,937 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in On Deck Capital in the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 77.68% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another publication, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this report can be read at https://www.com-unik.info/2019/02/13/on-deck-capital-ondk-issues-earnings-results.html.

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.

Recommended Story: How a Put Option Works

Earnings History for On Deck Capital (NYSE:ONDK)

Receive News & Ratings for On Deck Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for On Deck Capital and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit