Zacks: Analysts Anticipate On Deck Capital Inc (NYSE:ONDK) Will Announce Earnings of $0.11 Per Share

Analysts predict that On Deck Capital Inc (NYSE:ONDK) will post $0.11 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for On Deck Capital’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.13. On Deck Capital reported earnings per share of $0.13 in the same quarter last year, which suggests a negative year-over-year growth rate of 15.4%. The business is expected to report its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that On Deck Capital will report full-year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.50. For the next fiscal year, analysts anticipate that the company will post 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 research firms 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. On Deck Capital had a return on equity of 12.24% and a net margin of 8.48%. The firm had revenue of $110.20 million during the quarter, compared to the consensus estimate of $110.23 million. During the same period in the prior year, the firm earned $0.09 EPS. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year.

ONDK has been the subject of a number of recent analyst reports. Maxim Group reaffirmed a “hold” rating on shares of On Deck Capital in a research note on Friday, May 3rd. ValuEngine lowered shares of On Deck Capital from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Zacks Investment Research lowered shares of On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. B. Riley set a $9.00 price objective on shares of On Deck Capital and gave the stock a “buy” rating in a research note on Friday, May 3rd. Finally, Stephens set a $6.00 price objective on shares of On Deck Capital and gave the stock a “hold” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $8.54.

On Deck Capital stock traded down $0.08 during midday trading on Tuesday, reaching $4.16. The stock had a trading volume of 491,200 shares, compared to its average volume of 557,904. On Deck Capital has a twelve month low of $3.90 and a twelve month high of $9.41. The company has a debt-to-equity ratio of 2.69, a quick ratio of 16.87 and a current ratio of 16.87. The firm has a market capitalization of $326.45 million, a price-to-earnings ratio of 9.67 and a beta of 1.93.

Several large investors have recently modified their holdings of ONDK. Dimensional Fund Advisors LP boosted its stake in shares of On Deck Capital by 51.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,361,736 shares of the credit services provider’s stock valued at $23,641,000 after buying an additional 1,484,326 shares during the period. Seacliff Capital LLC boosted its stake in shares of On Deck Capital by 1,150.0% during the 1st quarter. Seacliff Capital LLC now owns 1,250,000 shares of the credit services provider’s stock valued at $6,775,000 after buying an additional 1,150,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of On Deck Capital by 16.1% during the 1st quarter. Renaissance Technologies LLC now owns 4,504,875 shares of the credit services provider’s stock valued at $24,416,000 after buying an additional 625,333 shares during the period. Mackenzie Financial Corp boosted its stake in shares of On Deck Capital by 288.4% during the 4th quarter. Mackenzie Financial Corp now owns 759,753 shares of the credit services provider’s stock valued at $4,483,000 after buying an additional 564,131 shares during the period. Finally, Morgan Stanley boosted its stake in shares of On Deck Capital by 351.3% during the 3rd quarter. Morgan Stanley now owns 623,057 shares of the credit services provider’s stock valued at $4,716,000 after buying an additional 485,009 shares during the period. 71.70% of the stock is owned by institutional investors.

On Deck Capital Company Profile

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.

Further Reading: What is meant by holder of record?

Get a free copy of the Zacks research report on On Deck Capital (ONDK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.