On Deck Capital Inc (NYSE:ONDK) Expected to Post Earnings of $0.07 Per Share

Equities analysts predict that On Deck Capital Inc (NYSE:ONDK) will announce $0.07 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for On Deck Capital’s earnings, with estimates ranging from $0.05 to $0.08. On Deck Capital posted earnings of $0.17 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 58.8%. The company is scheduled to announce its next earnings results before the market opens on Thursday, October 24th.

According to Zacks, analysts expect that On Deck Capital will report full-year earnings of $0.32 per share for the current fiscal year, with EPS estimates ranging from $0.29 to $0.35. For the next year, analysts expect that the business will post earnings of $0.43 per share, with EPS estimates ranging from $0.34 to $0.51. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow On Deck Capital.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, July 29th. The credit services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $110.25 million for the quarter, compared to the consensus estimate of $110.11 million. On Deck Capital had a net margin of 7.85% and a return on equity of 10.90%. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share.

Several equities analysts recently commented on ONDK shares. Zacks Investment Research lowered shares of On Deck Capital from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. UBS Group lowered shares of On Deck Capital from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $7.00 to $4.00 in a research report on Thursday, August 1st. Morgan Stanley raised shares of On Deck Capital from an “underweight” rating to an “equal” rating and dropped their price objective for the stock from $4.00 to $3.50 in a research report on Wednesday, August 21st. ValuEngine raised shares of On Deck Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Maxim Group reissued a “hold” rating on shares of On Deck Capital in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.18.

Shares of ONDK opened at $3.54 on Friday. The company has a debt-to-equity ratio of 2.65, a quick ratio of 15.81 and a current ratio of 15.81. The company has a market capitalization of $273.16 million, a price-to-earnings ratio of 8.23 and a beta of 1.87. The company’s 50 day simple moving average is $3.40 and its 200 day simple moving average is $4.08. On Deck Capital has a 1 year low of $2.88 and a 1 year high of $8.99.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its holdings in On Deck Capital by 19.5% during the 2nd quarter. Renaissance Technologies LLC now owns 5,382,975 shares of the credit services provider’s stock valued at $22,339,000 after purchasing an additional 878,100 shares in the last quarter. BlackRock Inc. grew its holdings in On Deck Capital by 19.9% during the 2nd quarter. BlackRock Inc. now owns 4,438,131 shares of the credit services provider’s stock valued at $18,418,000 after purchasing an additional 735,240 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in On Deck Capital by 214.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,251,281 shares of the credit services provider’s stock valued at $5,193,000 after purchasing an additional 852,971 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in On Deck Capital during the 2nd quarter valued at $3,886,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in On Deck Capital by 34.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 867,809 shares of the credit services provider’s stock valued at $3,602,000 after purchasing an additional 220,384 shares in the last quarter. 74.25% of the stock is owned by institutional investors and hedge funds.

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

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