NEWTEK Business Services (NEWT) to Release Earnings on Wednesday

NEWTEK Business Services (NASDAQ:NEWT) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 7th. Analysts expect NEWTEK Business Services to post earnings of $0.47 per share for the quarter.

NEWTEK Business Services stock opened at $19.34 on Monday. The stock has a market capitalization of $363.44 million, a PE ratio of 14.65, a PEG ratio of 3.39 and a beta of 1.34. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.28. NEWTEK Business Services has a 12 month low of $16.07 and a 12 month high of $24.24.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be issued a dividend of $0.50 per share. This is an increase from NEWTEK Business Services’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 10.34%. The ex-dividend date of this dividend is Monday, December 17th. NEWTEK Business Services’s dividend payout ratio (DPR) is presently 108.47%.

Several equities research analysts recently commented on the company. Singular Research reiterated a “not rated” rating on shares of NEWTEK Business Services in a report on Monday, August 27th. Zacks Investment Research upgraded NEWTEK Business Services from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, August 7th. BidaskClub upgraded NEWTEK Business Services from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 15th. Raymond James upgraded NEWTEK Business Services from an “underperform” rating to a “market perform” rating in a report on Thursday, September 27th. They noted that the move was a valuation call. Finally, ValuEngine downgraded NEWTEK Business Services from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.67.

NEWTEK Business Services Company Profile

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments.

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Earnings History for NEWTEK Business Services (NASDAQ:NEWT)

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