Zacks: Brokerages Expect On Deck Capital Inc (ONDK) Will Announce Earnings of $0.11 Per Share

Brokerages predict that On Deck Capital Inc (NYSE:ONDK) will report earnings of $0.11 per share for the current quarter, according to Zacks. Three analysts have made estimates for On Deck Capital’s earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.10. On Deck Capital posted earnings of $0.13 per share during the same quarter last year, which would suggest a negative year over year growth rate of 15.4%. The firm is expected to announce its next 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 fiscal year, with EPS estimates ranging from $0.38 to $0.50. For the next fiscal year, analysts expect that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.40 to $0.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for On Deck Capital.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Thursday, May 2nd. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $110.20 million during the quarter, compared to analyst estimates of $110.23 million. On Deck Capital had a net margin of 8.48% and a return on equity of 12.48%. On Deck Capital’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS.

A number of research firms have weighed in on ONDK. B. Riley set a $9.00 price objective on shares of On Deck Capital and gave the company a “buy” rating 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. Stephens set a $6.00 price objective on shares of On Deck Capital and gave the company a “hold” rating in a research note on Friday, May 3rd. Finally, Maxim Group restated a “hold” rating on shares of On Deck Capital in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.54.

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 acquired at an average cost of $5.93 per share, for a total transaction of $47,440.00. Following the purchase, the chief executive officer now owns 730,644 shares in the company, valued at $4,332,718.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald F. Verni acquired 6,000 shares of On Deck Capital stock in a transaction on Tuesday, February 19th. The shares were purchased at an average price of $5.89 per share, with a total value of $35,340.00. Following the completion of the purchase, the director now owns 84,283 shares in the company, valued at approximately $496,426.87. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of On Deck Capital by 5.0% in the third quarter. BlackRock Inc. now owns 3,589,836 shares of the credit services provider’s stock worth $27,174,000 after acquiring an additional 169,668 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of On Deck Capital by 2.6% in the third quarter. TIAA CREF Investment Management LLC now owns 802,031 shares of the credit services provider’s stock worth $6,071,000 after acquiring an additional 20,546 shares during the period. Bank of New York Mellon Corp grew its stake in shares of On Deck Capital by 3.9% in the third quarter. Bank of New York Mellon Corp now owns 176,250 shares of the credit services provider’s stock worth $1,335,000 after acquiring an additional 6,652 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of On Deck Capital by 21.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,603,987 shares of the credit services provider’s stock worth $19,711,000 after acquiring an additional 460,557 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of On Deck Capital by 337.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,288 shares of the credit services provider’s stock worth $60,000 after acquiring an additional 7,937 shares during the period. Hedge funds and other institutional investors own 70.18% of the company’s stock.

NYSE:ONDK opened at $4.58 on Friday. The stock has a market cap of $373.46 million, a price-to-earnings ratio of 10.65 and a beta of 1.79. The company has a debt-to-equity ratio of 2.68, a current ratio of 27.45 and a quick ratio of 27.45. On Deck Capital has a fifty-two week low of $4.47 and a fifty-two week high of $9.41.

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 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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