Equities research analysts forecast that On Deck Capital Inc (NYSE:ONDK) will post $0.11 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for On Deck Capital’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.09. On Deck Capital reported earnings of $0.08 per share in the same quarter last year, which would indicate a positive year over year growth rate of 37.5%. The business is expected to report its next quarterly earnings results on Tuesday, May 14th.
According to Zacks, analysts expect that On Deck Capital will report full-year earnings of $0.47 per share for the current year, with EPS estimates ranging from $0.42 to $0.50. For the next year, analysts expect that the company will post earnings of $0.55 per share, with EPS estimates ranging from $0.43 to $0.65. Zacks’ EPS averages are an average based on a survey of research firms that cover On Deck Capital.
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On Deck Capital (NYSE:ONDK) last issued its earnings results on Tuesday, February 12th. The credit services provider reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.08. The business had revenue of $109.48 million during the quarter, compared to the consensus estimate of $105.27 million. On Deck Capital had a return on equity of 12.07% and a net margin of 6.95%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share.
A number of brokerages have commented on ONDK. ValuEngine cut On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Zacks Investment Research cut On Deck Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. B. Riley reissued a “buy” rating and issued a $12.00 price objective (down previously from $14.00) on shares of On Deck Capital in a research note on Wednesday, February 13th. Maxim Group cut On Deck Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, UBS Group raised On Deck Capital from a “neutral” rating to a “buy” rating and raised their price objective for the company from $9.00 to $11.00 in a research note on Wednesday, November 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. On Deck Capital presently has an average rating of “Hold” and a consensus price target of $9.25.
ONDK stock traded up $0.14 during mid-day trading on Tuesday, reaching $5.73. The company’s stock had a trading volume of 331,820 shares, compared to its average volume of 672,607. The company has a market cap of $434.54 million, a P/E ratio of 13.33 and a beta of 1.93. The company has a debt-to-equity ratio of 2.80, a quick ratio of 29.62 and a current ratio of 29.62. On Deck Capital has a 12 month low of $4.86 and a 12 month high of $9.41.
In other news, CEO Noah Breslow acquired 8,000 shares of On Deck Capital stock in a transaction on Tuesday, February 19th. The stock was purchased at an average price of $5.93 per share, with a total value of $47,440.00. Following the completion of the purchase, the chief executive officer now owns 730,644 shares of the company’s stock, valued at approximately $4,332,718.92. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ronald F. Verni bought 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were bought at an average cost of $5.89 per share, for a total transaction of $35,340.00. Following the transaction, the director now owns 84,283 shares of the company’s stock, valued at $496,426.87. The disclosure for this purchase can be found here. Company insiders own 21.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Federated Investors Inc. PA boosted its position in shares of On Deck Capital by 187.3% during the third quarter. Federated Investors Inc. PA now owns 3,471 shares of the credit services provider’s stock valued at $27,000 after buying an additional 2,263 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of On Deck Capital by 66.7% during the fourth quarter. Macquarie Group Ltd. now owns 5,500 shares of the credit services provider’s stock valued at $32,000 after buying an additional 2,200 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of On Deck Capital during the fourth quarter valued at approximately $33,000. State Board of Administration of Florida Retirement System purchased a new position in shares of On Deck Capital during the fourth quarter valued at approximately $59,000. Finally, Meeder Asset Management Inc. boosted its position in shares of On Deck Capital by 337.6% during the fourth quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock valued at $60,000 after buying an additional 7,937 shares during the last quarter. 79.51% of the stock is currently 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 was incorporated in 2006 and is headquartered in New York, New York.
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