Zacks: Analysts Anticipate On Deck Capital Inc (NYSE:ONDK) Will Post Earnings of $0.08 Per Share

Equities research analysts expect that On Deck Capital Inc (NYSE:ONDK) will post earnings per share of $0.08 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for On Deck Capital’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.05. On Deck Capital posted earnings of $0.20 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 60%. The business is expected to issue its next quarterly earnings report on Tuesday, February 11th.

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According to Zacks, analysts expect that On Deck Capital will report full-year earnings of $0.35 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.40. For the next financial year, analysts expect that the company will report earnings of $0.43 per share, with EPS estimates ranging from $0.34 to $0.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow On Deck Capital.

On Deck Capital (NYSE:ONDK) last announced its earnings results on Thursday, October 24th. The credit services provider reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.06. On Deck Capital had a return on equity of 9.29% and a net margin of 7.43%. The firm had revenue of $112.55 million during the quarter, compared to the consensus estimate of $110.37 million. During the same quarter in the prior year, the company earned $0.16 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.

ONDK has been the subject of several recent analyst reports. Morgan Stanley upgraded On Deck Capital from an “underweight” rating to an “equal” rating and decreased their target price for the company from $4.00 to $3.50 in a research note on Wednesday, August 21st. Zacks Investment Research upgraded On Deck Capital from a “sell” rating to a “hold” rating in a research note on Saturday, October 26th. ValuEngine upgraded On Deck Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group downgraded On Deck Capital from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $4.00 in a research report on Thursday, August 1st. Finally, Maxim Group reiterated a “hold” rating on shares of On Deck Capital in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. On Deck Capital presently has a consensus rating of “Hold” and a consensus target price of $5.04.

Several hedge funds have recently made changes to their positions in ONDK. Nuveen Asset Management LLC bought a new stake in shares of On Deck Capital in the 2nd quarter worth approximately $3,886,000. Renaissance Technologies LLC raised its holdings in shares of On Deck Capital by 19.5% in the 2nd quarter. Renaissance Technologies LLC now owns 5,382,975 shares of the credit services provider’s stock worth $22,339,000 after buying an additional 878,100 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of On Deck Capital by 214.1% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,251,281 shares of the credit services provider’s stock worth $5,193,000 after buying an additional 852,971 shares in the last quarter. Voce Capital Management LLC acquired a new position in shares of On Deck Capital in the 2nd quarter worth approximately $3,537,000. Finally, BlackRock Inc. raised its holdings in shares of On Deck Capital by 19.9% in the 2nd quarter. BlackRock Inc. now owns 4,438,131 shares of the credit services provider’s stock worth $18,418,000 after buying an additional 735,240 shares in the last quarter. Institutional investors own 72.79% of the company’s stock.

NYSE:ONDK traded up $0.04 during mid-day trading on Friday, hitting $4.46. 226,807 shares of the company’s stock traded hands, compared to its average volume of 560,999. The firm has a 50 day moving average of $3.76 and a two-hundred day moving average of $3.97. On Deck Capital has a 12 month low of $2.88 and a 12 month high of $8.47. The firm has a market capitalization of $345.64 million, a price-to-earnings ratio of 10.37 and a beta of 1.93. The company has a current ratio of 15.81, a quick ratio of 15.81 and a debt-to-equity ratio of 2.65.

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.

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Earnings History and Estimates for On Deck Capital (NYSE:ONDK)

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